FTSE 100 Ends Higher On Defensive Boost But Miners Weigh

Securities and Exchange Commission (SEC) cautioned investors on Wednesday about buying shares of so-called special purpose acquisition companies only because they are backed by celebrities, including movie stars and athletes. March 10 (Reuters) - The U.S. March 10 (Reuters) - The S&P 500 rose on Wednesday and the blue-chip Dow hit a record high after tepid consumer price data for February calmed inflation worries and Congress gave final approval to one of the largest economic stimulus measures in U.S.

history. Here is more information on 1xbet check out the web site. March 10 (Reuters) - The world's two largest aircraft leasing companies are combining to create a new financing giant after Ireland's AerCap finalized a deal worth more than $30 billion to buy the leasing business of General Electric . The moves came after popular stock trading apps such as Robinhood and TD Ameritrade announced they would restrict trades of stocks being heavily bet on, including GameStop and AMC.

The New York Stock Exchange as well has stepped in amid the frenzy, temporarily halting AMC trading at least 10 times since the market opened at 9:30 a.m. ET, and GameStop shares at least a dozen times. "The strong start of the week can be undone, especially as the week goes on as we have U.S. inflation numbers and ECB monetary policy statement on focus, which potentially is going to cause the bond yield issue to come to the forefront once again." In a phone interview, Culp said the deal would help GE become better capitalized in line with peers and "significantly" derisk its balance sheet, opening up an array of capital allocation options including higher dividends, share buybacks.

GameStop shares jumped to a high of $483 per share early in the day, then dropped to around $246 by midday ET, only to rally minutes later to more than $300. AMC, similarly, had gone as high as $16.50 per share before dropping to about $8 and then inching up to $9.50.  GameStop and AMC stocks at the center of a multibillion dollar drama between Wall Street investors and social media traders on Reddit have dropped dramatically Thursday.

Shares in both New York-listed companies fell about 6% on Wednesday as AerCap prepared to issue new stock to help finance the transaction and GE disappointed expectations of some investors that it would raise its cash outlook. AerCap Chief Executive Aengus Kelly said the Dublin-based company had acquired its rival for an "attractive" discount to its book value in its second defining transaction in almost a decade, after purchasing U.S.-based ILFC in 2014. The moves mark the spectacle of what some investors call a war between Wall Street and social media traders.

As the social media investors pushed shares of the company up, Wall Street has had to recalibrate its bets, pushing shares beyond their all-time highs. The Reddit community r/WallStreetBets has become a central hub of a financial push to hurt Wall Street investors who bet big against GameStop's future.