Tech Memes Print Enough Green To Make Records | Wall Street Today

Just past the close, the $S&P 500 Index traded up 0.48%, the $Dow Jones Industrial Average fell about 0.32%. Overall, 8700 equities climbed compared to 4300 in the decline Tuesday. The S&P 500 is within 1% of its own record high.

The $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ was 4.82, and the $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ was 4.46.

By far and away, the most watched sector tracked by moomoo was the 'WallStreetBets' stocks, jumping after a RoaringKitty took to Twitter again to post hammy videos of superheroes and cowboys. $GameStop (GME.US)$ jumped 107% at open Tuesday before hitting a circuit breaker on the way down. $AMC Entertainment (AMC.US)$ jumped 120% at open before rocketing lower to a 31% climb.

Other meme stocks were climbing after pure exuberance. $SunPower (SPWR.US)$-- which WSJ called is among the most shorted stocks on Wall Street, with some 95% of its free float sold short -- saw its stock rip 59% on Tuesday morning. $Plug Power (PLUG.US)$climbed 19% Tuesday.

$Alibaba (BABA.US)$ fell 6% Tuesday after the e-commerce giant beat Q4 revenue growth expectations of 7% year-on-year to $30.73 billion, but adjusted earnings of $1.40 missed the analyst consensus estimate of $1.41.

$Home Depot (HD.US)$, though falling just 0.13% in a market of green and red daggers reported lower-than-expected quarterly sales, citing a delayed start to spring and continued interest-rate pressure on spending for big projects. The first of the major retailers to report stuck to its guidance for about 1% revenue growth this year and a 1% drop in comparable sales.

$Amazon(AMZN.US)$ announced on Tuesday that Amazon Web Services lead sales executive Matt Garman will become the cloud computing business' new chief executive as Adam Selipsky steps down. Garman, who started at Amazon as a Masters of Business Administration intern in 2005 and has been a full-time employee since 2006, will officially take the reins from Selipsky on June 3.