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stocks inched higher on Monday, but beneath the smooth index closes, meme names, bitcoin proxies and Chinese ADRs traded like a late‑cycle.
AMC Entertainment surged 12% due to retail flows and short-covering, extending its recent rebound.
KEY POINTS
- MicroStrategy rose 6%, reflecting its status as a leveraged proxy for Bitcoin exposure.
- Advanced Micro Devices fell 5% and Tesla dropped 2%, highlighting selective rotation within tech stocks.
- Chinese ADRs, including iQIYI, continued to underperform amid skepticism over China's growth and regulatory risks.
COMPANIES
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