Wednesday’s Market Movers: Earnings, Executive Shifts, and Quantum Bets
Target shares slid as an executive departure eclipsed strong earnings, while NovaBay Pharmaceuticals surged on fresh capital and leadership. Archer Aviation dipped despite flight progress, mirroring Baidu's decline after revenue misses. Lowe's bucked the trend with an $8.8 billion acquisition play.
IBM's $500 million quantum computing wager underscores institutional appetite for frontier tech. Meanwhile, Shineco's blockchain-linked cellular asset deal fueled a rally—a nod to Web3's creeping influence on traditional sectors.