Wall Street recovers some of last week’s drop, silver climbs

Damian J. Troise and Alex Veiga

Stocks notched broad gains on Wall Street Monday, clawing back some of their losses following the market’s worst weekly loss since October.

The S&P 500 rose 1.6%. The benchmark index was coming off a 3.3% slide last week, when volatility spiked as online traders hoping to inflict damage on hedge funds fueled a frenzy in GameStop and a few other stocks.

Investors large and small continued to focus those stocks Monday, and GameStop slumped 30.8% to $225 a share, the latest rocky ride for the stock, which ended last year at about $18.

Meanwhile, the price of silver  jumped at one point to its highest level in eight years. Analysts said the precious metal became another target for online investors seeking to go up against big Wall Street players.

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