Market Movers: Wednesday’s Biggest Stock Stories You Can’t Miss

Wall Street wakes up to another volatile session as traditional finance shows its age.

Tech leads charge while legacy institutions scramble

Nasdaq outperforms as innovation trumps tradition yet again. Banking stocks drag their feet—apparently still calculating risk on abacuses.

Energy sector surprises with unexpected rally. Fossil fuels making a comeback or just one last gasp?

Retail investors flock to momentum plays, bypassing traditional brokerages. The revolution will be decentralized.

Meanwhile, hedge funds continue charging 2-and-20 for mediocre returns—some traditions die hard.

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• SHF Holdings (SHFS) stock rocketed higher on a share purchase agreement.
• Micron (MU) stock received updated analyst coverage after its latest earnings report.
• Harmony Biosciences (HRMY) stock took a beating on a failed clinical trial.
• Tesla (TSLA) stock gained after Elon Musk commented on his controversial pay package proposal.
• Amazon (AMZN) stock was up after it announced a $9 billion cloud push.
• Amazon stock also gained on positive analyst coverage from Wells Fargo.
• Fitell (FTEL) stock fell after the company made its first crypto purchase.
• The Dow Jones Industrial Average (DJIA) was up as the U.S. and India engaged in trade talks.
• Oracle (ORCL) stock slipped after the company announced a $15 billion bond sale to fund AI plans.
• LVMH (MC) is reportedly planning to purchase the French economic magazine Challenges.
• Rivian (RIVN) stock dipped after a probe was launched into its seatbelts.
• Marvell Technology (MRVL) stock took off alongside plans for a share buyback.
• Nvidia (NVDA) stock was down on reports that OpenAI wants to lease chips instead of buying them.
• Meta Platforms (META) stock decreased despite news of Instagram having 3 billion monthly active users.
• Riot Platforms (RIOT) stock climbed higher on positive analyst coverage.
• Honda Motor (HMC) stock slid after it revealed plans to end production of a vehicle in the U.S.
• Walmart (WMT) stock was up after it noted success from its ChatGPT integration.
• Nintendo (NTDOF) stock gained after Pocketpair faced criticism for its Palworld spinoff.

Read more of the biggest stock market stories at TipRanks.