EDITOR'S NOTE
Stocks were slammed on Wednesday, as the S&P 500 dropped by 2.5% and the Nasdaq Composite fell by 2.7%. The Dow Jones Industrial Average shed more than 600 points. It was the worst sell-off in three months. The drop in the S&P 500 was bad enough to wipe out the index's gains for the year.
Boeing helped drag the Dow, falling by 4%. Investors sold big technology shares, not waiting for their earnings due after the bell.
However, the attention of Wall Street was once again focused on the busy trading activity in GameStop, which spread to other stocks like AMC Entertainment on Wednesday, as small investors ran over short sellers on Wall Street. ![]() Read our explanation of what exactly is going on with this GameStop mania here.
Read why this is garnering regulators' attention and worrying investors here.
Check the live quote of GameStop shares in extending trading here.
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Stocks making the biggest moves midday: L Brands, Estee Lauder, CureVac, Tesla & more This is a developing news story. Please check back for updates: https://www.cnbc.com/2020/08/20/stocks-making-the-biggest-moves-midday-l-brands-estee-lauder-curevac-tesla-more.html Follow @CNBCnow for breaking news and real-time market updates Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy CNBC Events © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 D
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