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Dow Jones Futures Fall: GME Stock Rockets On Elon Musk Tweet, Slashes Gain On Melvin Capital News; Microsoft Breaking Out

Posted Date: January 27 2021
Dow Jones futures and S&P 500 futures fell solidly early Wednesday, while Nasdaq futures turned lower. The social media-driven GME stock short squeeze, egged on Elon Musk, surged before the open but slashed gains as Melvin Capital reportedly closed its short position.
The stock market rally had fractional losses Tuesday on the surface, but many leaders had a tough session.

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