Stocks Wobble. The Dow Struggles for First Time in More Than a Week.

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The Dow Jones Industrial Average was struggling for the first time in more than a week on Monday as technology stocks, Bitcoin, and meme stocks rallied instead.

The Dow was down 64 points, or 0.2%, around 1:30 p.m. ET. The Dow had risen in its past eight sessions. The S&P 500 was down slightly. The Nasdaq Composite was up 0.3%.

The 10-year Treasury yield was down to 4.478%.

The S&P 500’s technology sector was leading all the other major S&P 500 sectors with a gain of 0.5%. The iShares Semiconductor ETF was up 0.3%. The price of Bitcoin was up 2% to $62,674.46.

GameStop stock was up 67% while AMC Entertainment stock was up 48%.

On an otherwise quiet day for the market, meme stocks were surging after a series of vague posts by Keith Gill, the prolific trader who championed GameStop stock on his Roaring Kitty YouTube and X account (then called Twitter) when few others on Wall Street would.

Gill became a key figure in the January 2021 explosion in meme stocks, but Monday’s posts and a like last week mark his only public activity on his accounts since 2021.