stock market

What the Tech? Check Out Stock Market Trading Apps

Reddit and the Robinhood stock buying app took over Wall Street but many Robinhood users are not happy with the app they use to purchase shares of stock. After Redditors ran up the price of several stocks including GameStop, Robinhood halted new purchases. Friday the app again restricted GameStop share purchases to just one per transaction. Also Friday users learned…

What the Tech? How Social Media Caused Some Stock Prices to Spike

A band of Redditors took on Wall Street and other investors that resulted in spikes in the value of shares in several companies. WallStreetbet is a popular subreddit where members talk stock market and give tips to other members. Earlier this week members of that sub began talking up shares of stock in GameStop, a videogame retailer. Encouraging one another…

What the Tech? How to Play the Stock Market During the Pandemic

Americans have apparently taken on a new hobby during the pandemic and subsequent stay-at-home orders: playing the stock market. Brokerage firm TDAmeritrade said in the 2nd quarter of this year (April, May, June) it saw daily average revenue trades of 3.4 million, which is 4 times more than last year’s 2nd quarter numbers, and 62% more than the first quarter…

Dow Jones Drops 7.8%, Worst Fall Since 2008

The Dow Jones Industrial Average sank 7.8%, its steepest drop since the financial crisis of 2008, as a free-fall in oil prices and worsening fears of fallout from the spreading coronavirus outbreak seize markets. The sharp drops triggered the first automatic halts in trading in two decades. The price of oil plunged nearly 25% after Saudi Arabia indicated it would…