Stocks end mostly higher; Wendy's becomes latest meme stock
AP
The Federal Hall statue of George Washington overlooks the New York Stock Exchange on Monday.
Major indexes closed mostly higher on Wall Street, thanks largely to gains in a handful of Big Tech companies.
Small-company stocks continued to outpace the rest of the market, while investors’ attention turned to huge gains in a new batch of “meme” stocks favored by online investors, including Wendy’s and Clover Health.
The S&P 500 was nearly unchanged, while the tech-heavy Nasdaq rose 0.3%.
Fastly, an internet cloud services provider, rose 10.8% after the company said it had addressed an internal problem that caused dozens of websites around the globe to go down briefly. Treasury yields fell.
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