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meme stock rallyYahoo Finance
•83% Informative
Tech-heavy Nasdaq turned negative by afternoon trading, down roughly 0.2% .
The Dow Jones Industrial Average (^DJI) dropped about 1% , or nearly 400 points.
A weaker-than-expected reading on the manufacturing sector pushed the major averages lower.
A surge in GameStop ( GME ) shares grabbed the spotlight, firing up speculation again of a return to a 2021 -style meme rally.
GameStop soars after 'Roaring Kitty' reveals $175 million position in retailer.
Shares of GME were briefly halted for volatility shortly after the opening bell.
Nvidia ( NVDA ) shares are getting a 3% pop premarket after another well-received presentation from founder Jensen Huang at Computex in Taipei .
June is the second -worst-performing month of the year for the S&P 500 over the last 15 years .
GameStop stock is up 85% premarket as meme overlord Keith Gill appears to disclose a $116 million position in the video game retailer.
Jefferies tech analyst Brent Thill : "Macro headwinds persist".
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