Santoli’s Tuesday market notes: Meme stocks are hopping, and the broader market isn’t a fan

Traders work on the floor of the New York Stock Exchange.

This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics.

  • A sideways several weeks showed more traction than slippage through May. The same pattern is at work in today's tape, with a flattish benchmark but most stocks higher and led by cyclical groups (energy, industrials, financials), and large-cap growth costing the S&P 500 its opening pop.

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