GameStop Stock Surges After White House Reshares Post on Console Wars

WILMINGTON, Delaware — GameStop Corp. experienced a notable surge in premarket trading on Monday following a tweet from the official White House account that reshared one of its posts. The tweet coincided with GameStop’s announcement on Saturday that Microsoft’s upcoming title ‘Halo: Campaign Evolved’ will be available on PlayStation next year, marking the first crossover for the popular franchise.

The White House’s retweet on Sunday included an image of former President Donald Trump as the character Master Chief and featured the phrase ‘Power to the Players’ — GameStop’s tagline. This unexpected endorsement has significantly boosted investor interest and speculation regarding GameStop’s market performance.

In broader market news, stock futures began the week on a positive note. Economic officials from the U.S. and China reported progress in trade negotiations ahead of a scheduled meeting between President Trump and President Xi Jinping this week. U.S. Treasury Secretary Scott Bessent indicated that both countries have developed a ‘very successful framework’ to address contentious trade issues.

As of 5:52 a.m. ET, S&P 500 equity futures saw an increase of 0.83%, building on Friday’s previous gains. Bessent also noted that Trump’s earlier threats have been effectively removed from the table, which contributed to market confidence.

In particular, these developments may spell relief for U.S. companies reliant on a steady supply of minerals controlled by China, although they pose potential challenges for North American producers who may feel the impact of diminishing urgency in boosting local supply.

Meanwhile, in cryptocurrency news, a different company called Strive Asset Management saw a significant rise in its stock by approximately 25%, following strong social media activity and heightened options trading. The buzz began after a tweet from Mike Alfred, a prominent figure in the cryptocurrency community, announcing a stake with the firm.

As investment dynamics continue to evolve, all eyes remain on the upcoming economic discussions, along with GameStop’s unexpected rise, to see how they will influence market stability and investor sentiment in the coming days.