Stocks rebound | GameStop shares drop 30% | Silver short squeeze next?

GameStop shares fell more than 30% and were briefly halted on Monday as the Reddit-fueled frenetic trading extended into February.

VIEW IN BROWSER | SUBSCRIBE MON, FEB 01, 2021 EVENING BRIEF AS OF MON, FEB 01, 2021 • 04:33 ET DJIA 30211.91 +0.76% +229.29 S&P 500 3773.86 +1.61% +59.62 NASDAQ 13403.39 +2.55% +332.70   Most Active DOW NAME LAST CHG %CHG AAPL 134.14 +2.18 +1.65% MSFT 239.65 +7.69 +3.32% INTC 56.69 +1.18 +2.13% S&P 500 NAME LAST CHG %CHG F 10.83 +0.30 +2.85% AAPL 134.14 +2.18 +1.65% GE 10.74 +0.06 +0.56% NASDAQ NAME LAST CHG %CHG AAPL 134.14 +2.18 +1.65% AMD 87.66 +2.02 +2.36% MSFT 239.65 +7.69 +3.32%   EDITOR'S NOTE Stocks rebounded from last week's sell-off – which had been the worst since last October. Though the S&P 500 climbed by more than 1.6%, the Nasdaq Composite carried the day. The tech-heavy index rose over 2.5%, buoyed by Netflix and Amazon.   GameStop, a darling among retail investors on Reddit, tumbled by close to 30%. The decline appeared to ease investor concerns about a market mania. Indeed, the gaming retailer's path is diverging from the S&P 500. Further, GameStop's shares stumbled despite Robinhood's decision to lighten some of the trading restrictions it imposed on so-called "meme stocks."   By Monday afternoon, the brokerage firm began allowing investors to buy up to 20 shares of GameStop, up from the one share they could purchase on Friday.   The question on everyone's mind seems to be whether retail investors' speculative trading behavior could mean bad news for the broader stock market going forward.   The conditions aren't quite right for that, writes Desh Peramunetilleke, global head of microstrategy at Jefferies.   "The presence of retail investors, rising levels of margin financing and liquidity suggests a growing bubble risk, especially for sectors heralded as the next growth engine but with unclear earnings visibility including EV, climate and biotech," he wrote. "However, the two main triggers that could lead to a serious unwinding across equities are missing."   Those triggers include an earnings collapse and potential monetary tightening, Peramunetilleke wrote. Darla Mercado | CNBC Markets and Investing Editor @Darla_Mercado TOP NEWS  Dow jumps 220 points, rebounds from worst week since October as market looks past trading mania GameStop shares lose nearly a third of their value on Monday following 400% short-squeeze spike last week Silver jumps 8%, touches 8-year high as Reddit traders try their squeeze play with the metal Robinhood raises another $2.4 billion as broker app deals with retail trading frenzy Robinhood raises trading limit on GameStop further to 20 shares Republicans push for $1,000 stimulus checks. Here's who would qualify for the money Ford and Google sign six-year deal for in-car connectivity and cloud services Cramer: GameStop trading frenzy unlikely big enough to topple entire stock market Amazon, Alphabet and Salesforce are all investing in a $28 billion company that crunches big data Goldman says investors should capitalize on the market moves caused by Reddit traders. Here's how:   TOP VIDEO Rapper Ja Rule on the Reddit rally and Robinhood's decision to restrict trading   CNBC PRO These shorted stocks could be ripe for outsized moves, according to Jefferies   SPECIAL REPORTS Yes, bitcoin could be the new GameStop Republicans push for $1,000 stimulus checks. Here's who would qualify for the money   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS