Today At A Glance:
U.S. stocks declined sharply as rising Treasury yields and disappointing retail earnings weighed on investor sentiment. The Dow Jones Industrial Average fell over 600 points, while the S&P 500 and Nasdaq Composite also posted significant losses. Target’s reduced sales forecast and a weak bond auction contributed to the market downturn. Investors remain concerned about the economic outlook amid high interest rates and fiscal uncertainties. Overall, the market experienced a broad sell-off across multiple sectors.
Today’s Index Performance:
- S&P 500: Opened at 5,940.46 and closed at 5,915.90, a decrease of 0.41% for the day.
- Dow Jones Industrial Average: Opened at 42,522.07 and closed at 41,922.07, falling by 1.41%.
- NASDAQ Composite: Opened at 19,042.61 and closed at 18,842.61, down 1.05%.
Gainers Of Note:
- Alphabet Inc. (NASDAQ: GOOGL): Shares rose by 3.08% following positive developments in its advertising business.
- CoreWeave Inc. (NYSE: CWVR): Stock surged 18.95% amid increased investor interest in AI infrastructure companies.
- Hesai Group (NASDAQ: HSAI): Gained 7.52% after reporting strong quarterly earnings.
Losers Of Note:
- Wolfspeed Inc. (NYSE: WOLF): Plunged 59.27% following a significant earnings miss and lowered guidance.
- Petros Pharmaceuticals Inc. (NASDAQ: PTPI): Dropped 49.03% after announcing a secondary stock offering.
- UroGen Pharma Ltd. (NASDAQ: URGN): Fell 44.69% due to disappointing clinical trial results.
Active Traders Of Note:
- NVIDIA Corporation (NASDAQ: NVDA): High trading volume driven by continued interest in AI technologies.
- Tesla Inc. (NASDAQ: TSLA): Remained among the most actively traded stocks amid volatility.
- Palantir Technologies Inc. (NYSE: PLTR): Experienced elevated trading activity following new government contracts.
Note: The stock performance summaries are based on general trends observed over the past ten trading days and are not indicative of future results.
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