Stock Markets Lose Momentum; AMC Lights Up, Dave & Buster's Plays On

The stock market lost its upward momentum on Monday morning, giving up early gains and leaving most market benchmarks nearly unchanged. Attention is returning to the coronavirus pandemic, with a huge spike in case counts throughout Europe and the U.S. making many market participants leery of the potential impact of renewed restrictions. Shortly before 11 a.m. EDT today, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 34 points to 28,573. The S&P 500 (SNPINDEX: ^GSPC) had dropped 6 points to 3,478, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had fallen 33 points to 11,638.

Even amid the downbeat mood, there were a couple of rays of sunshine. AMC Entertainment Holdings (NYSE: AMC) has been among the hardest-hit companies amid the pandemic, but it hopes to reopen some of its operations in an effort to get things moving back toward normal. Meanwhile, Dave & Buster's (NASDAQ: PLAY) got some vital financing that should help with its own efforts to beat back the harm of the coronavirus crisis.

Shares of AMC soared 22% on Monday morning. The movie theater operator hopes that it will be able to continue moving back toward restoring full operations in the coming days.

Source Fool.com