Stock Market Today: Small Caps Shine as Meme Stocks Rise Again

Is it the return of the "meme stock"? Gains in GameStop, AMC Entertainment led a Wednesday rally in the small-cap Russell 2000.

AMC Theatres
(Image credit: Getty Images)

Wednesday marked the 125th anniversary of the Dow Jones Industrial Average's founding, but the spotlight belonged to small caps thanks in part to a resurgence in so-called meme stocks.

GameStop (GME, +15.8%), which made headlines earlier this year amid a massive short squeeze, has rocketed higher yet again recently after the company quietly revealed that it was getting into non-fungible tokens (NFTs).

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.


Kyle was previously the Senior Investing Editor for Kiplinger.com, and the Managing Editor for InvestorPlace.com before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 


You can check out his thoughts on the markets (and more) at @KyleWoodley.