S&P Futures Pause, Meme Stocks Jump

Broad U.S. stock futures were quiet early Wednesday ahead of a Federal Reserve meeting, but below the surface, a fresh frenzy broke out among meme stocks popular with individual investors.

Futures tied to the S&P 500 and the Dow Jones Industrial Average each edged down 0.1% Wednesday, while technology-heavy Nasdaq-100 futures were flat. On Tuesday, the Dow closed above 36000 for the first time, while the other two indexes also set record highs.

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