Markets, meme stocks fall into the red ahead of Wednesday’s close

Yahoo Finance's Jared Blikre checks out markets and meme stocks ahead of the closing bell.

Video transcript

[AUDIO LOGO]

- We are a minute away from the closing bell. That's time for Jared Blikre to break down the action on the day. And it's always a volatile time when Mr. Powell is speaking. How was it today?

JARED BLIKRE: That's right, green has turned to red, NASDAQ now leading the way down about 1.4%, had been leading the way up, even Bitcoin down about 4%. And that has been leading the market. But I do want to hit on some fringier parts of the market, first, Carvana, that's up 6%. They did pre-announce. And it was lower than expected revenues, I believe. But they are in the process of trying to restructure their debt. That's what the Street is excited about here. Also tracking GameStop, now, they swung to a profit, and they are up 35%, best day since GameStop three years ago, guys.