Morning News Wrap-Up: Wednesday’s Biggest Stock Market Stories

Investors navigating Tuesday's market turbulence found clarity through TipRanks' curated breakdown of pivotal developments. Nvidia (NVDA) gained traction with its budget graphics card launch, while General Mills (GIS) stumbled on lackluster earnings. Surf Air Mobility (SRFM) skyrocketed after Palantir's (PLTR) million-share acquisition, contrasting Apple's (AAPL) 20% YTD decline against tech sector benchmarks.

Biotech shone as Plus Therapeutics (PSTV) vaulted on FDA approval, and GlucoTrack (GCTK) rallied on positive diabetes device trials. Fast-food drama unfolded with Krispy Kreme (DNUT) dipping post-McDonald's (MCD) exit and lawsuit filings. Sonim Technologies (SONM) surged on AI data center merger plans, while geopolitical tensions simmered over EU retaliation threats against US tariffs.