Wall Street positive despite GameStop's weak sales, Japanese yen at lowest since 1990, US futures rise, BoJ raises interest rates, GameStop stocks fall 15%, crypto short sellers face $1.
Wall Street on track for a positive month and quarter, despite GameStop's weak holiday quarter sales. Japanese yen at lowest since 1990, crude market weakens due to US inventory build. US futures rise, BoJ raises interest rates for the first time since 2007. GameStop's stocks fall 15%, citing a 24% drop in net sales in Q4. Crypto-related short sellers face $1.9bn mark-to-market losses due to Bitcoin's recovery.
March 27, 2024
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