AMC Entertainment, BlackBerry Lead Stock Markets Higher
Stock markets moved modestly higher on Wednesday, continuing the trend of somewhat lackluster market movements recently. Investors like what they're seeing in terms of economic reopening, but they remain concerned about inflationary pressures and other potential problems that could rear up at any time. As of 11 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 72 points to 34,648. The S&P 500 (SNPINDEX: ^GSPC) picked up 9 points to 4,211, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) rose 16 points to 13,753.
Once again, many investors focused their attention on popular stocks that have run into hard times since their respective heydays. AMC Entertainment Holdings (NYSE: AMC) and BlackBerry (NYSE: BB) are in very different parts of the market, but both have core followings of retail investors who have strong feelings about their ability to mount a long-term rebound.
Shares of AMC gained more than 25% on Wednesday morning. The movie theater chain announced a popular rewards program to support its shareholders, but it also helped allow an institutional investor to reap a quick payday trading its stock.
Source Fool.com
