Wall Street set for weak open on hedge fund-retail battle

By Carolyn Cohn LONDON (Reuters) – U.S. stock futures and European stocks fell on Friday while the safe-haven dollar held its ground as a Wall Street battle between hedge funds and retail investors and a row in Europe over COVID-19 vaccine supply cooled risk appetite. Wall Street has been gripped by an assault by small traders organising over online forums, such as Reddit, to force hedge funds to reverse short positions – or bets that stocks would fall – on companies such as GameStop and AMC Entertainment. The stand-off comes after central bank and government stimulus have propelled stock mark…

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