Wednesday’s Market Movers: Retail, Tech, and Biotech Highlights

Macy's shares surged following a strong earnings report, demonstrating resilience in the retail sector. Meanwhile, Dollar Tree underperformed despite beating estimates—a reminder that market expectations often price in more than surface-level results.

In tech, Alphabet gained traction as analysts digested a favorable court ruling, while Amazon faced dual pressures: a consumer pricing lawsuit and the sunset of its Prime Invitee Program. The S&P 500 climbed after an upward target revision, reflecting broader market optimism.

Biotech saw dramatic moves as Solidion Technology skyrocketed on R&D recognition, while Wave Life Sciences plummeted on clinical trial data. Partnership news drove Arrowhead and Novartis higher, showcasing the sector's event-driven volatility.