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The stock market is a special place. It's like a parallel dimension entirely separate from the real world, but a subtle connection remains between them. Things that happened here somehow caused a ripple effect throughout the market.
Let's see how the two worlds are correlated and how mooers react to the latest headlines~
@Deezy_McCheezy: Everybody freeze $AMC Entertainment(AMC.US)$
@Kit Kat Crazy: Everyone on Wall Street right now $AMC Entertainment(AMC.US)$
why? $AMC Entertainment(AMC.US)$
...

This year's activity coincided with a surge of rookie investors who joined the world of stock trading to ride the historic market rebound. Remote work, stimulus checksandhigher personal savings levels,as well as social media chatrooms only accelerated the boom in retail trading.
The meme stock saga started just days into 2021 when retail traders teamed up on Reddit's WallStreetBets' forum, aiming to bid up $GameStop(GME.US)$'s shares, which were heavily shorted by hedge funds. The retail buying triggered massive short covering among hedge funds that fueled the rally even further.
Trading volume for GameStop and meme stock favorite $AMC Entertainment(AMC.US)$ has faded. About 2.5 million shares of GameStop are changing hands daily based on a 30-day average as of Dec. 22, a fifth of that in January.
--- according to FactSet
Reddit traders also appear less focused on GameStop and AMC, which were the two most-mentioned tickers on WallStreetBets this year.
--- according to data tracker YoloStocks
WallStreetBets mentions for both peaked on Jan. 28 at about 267,000 for GameStop and 47,000 for AMC, but typical days for each over the past few months see hundreds, not thousands, of mentions.
Follow me to know more about meme stocks
Despite recent market sell-offs with GameStop and AMC each dipping to their lowest levels in months on Dec.14. But both stocks are up this year, at about 707% and 1,245% as of Dec.27, respectively .
Performance varies for other stocks popular on Reddit message boards. $Koss Corp(KOSS.US)$jumped 285%, $BlackBerry(BB.US)$ was up 43% for the year, while $Tesla(TSLA.US)$added 51%. On the down side, $ContextLogic(WISH.US)$dipped 80%, $Clover Health(CLOV.US)$dropped about 75%. $Palantir(PLTR.US)$ and $Bed Bath & Beyond Inc(BBBY.US)$ was down roughly 20% and 10%, respectively.
Source: Reddit, CNBC

The poster child of China's property crisis China Evergrande Group was officially declared in default by credit rating agency S&P Global on Friday after the sprawling firm missed a bond payment earlier this month.
"We assess that China Evergrande Group and its offshore financing arm Tianji Holding Ltd. have failed to make coupon payments for their outstanding U.S.-dollar senior notes," S&P said in a statement.
S&P $S&P Global(SPGI.US)$ added that Evergrande had asked for the ratings to be withdrawn following the downgrades to 'selective default' a term ratings firms use to describe a missed payment on a bond, but not necessarily all its bonds.
"Evergrande, Tianji, or the trustee have made no announcement or any confirmation with us on the status of the coupon payments," S&P said. $China Evergrande (ADR)(EGRNY.US)$
Part of the content is taken from Yahoo.