
By Liz Moyer
Investing.com -- Stocks were rising on Wednesday as investors eye a key report on inflation that could help the Fed decide on the next step with interest rates. Here are the midday movers for Jan. 11.
AMC Entertainment Holdings Inc (NYSE:AMC) shares jumped 16.7% as the so-called meme stock trade appeared to be back on. Fellow meme stocks were also on the rise, including Bed Bath&Beyond Inc (NASDAQ:BBBY), up 41%, and GameStop Corp (NYSE:GME), up 5%.
BlackRock Inc (NYSE:BLK) shares dipped 0.3% after the largest asset manager was reportedly preparing to lay off 500 people, or just under 3% of its workforce amid Wall Street's business slump.
World Wrestling Entertainment Inc (NYSE:WWE) shares fell 1.8% after its co-CEO Stephanie McMahon announced she would leave the company. Her departure comes about a week after her father, Vince McMahon, announced he had returned to the sports entertainment firm.
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