Activision Blizzard Inc. shares on Friday closed at their highest price since 1984, or at an all-time high when you take several stock splits into account, following strong earnings and an outlook that seeks to tap more of the fast-growing mobile gaming market.
The battle between day traders and short sellers over GameStop dominated the headlines, but the bigger questions for investors of all stripes is what the resurgence in retail trading means for the stock market as major benchmarks march to all-time highs.
U.S. stock indexes notched their best weekly gain since the November elections Friday, even though the latest update on employment showed a disappointing jobs gain in January, suggesting that recovery in the labor market is stalling.