Stocks in UK and Europe have had a muted open this morning following a strong showing on Monday which was largely due to the passing of Joe Biden’s $1.9 trillion stimulus package in the US Senate on Saturday. The bill could be brought to the House for approval as early as today. The technology-heavy Nasdaq was a clear laggard on Monday as the apparent rotation from growth to value stocks continues.
Manic speculation in Gamestop earlier in the year, which caused all sorts of problems for hedge funds, seems to have taken off again with the shares up more than 40% on Monday.
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