Wednesday’s Biggest Stock Market Stories: Morning News Wrap-Up!
Markets roar back as institutional money floods crypto ETFs—traditional finance finally plays catch-up.
Tech leads charge with AI infrastructure bets paying off triple-digits while legacy banks scramble for blockchain partnerships they mocked three years ago.
Retail traders pivot from meme stocks to DeFi yield farms, because why settle for 2% when you can earn 20%?—Wall Street analysts now calling it 'disruptive innovation' after dismissing it as 'ponzi scheme' last quarter.
Regulatory clarity pushes Bitcoin toward new ATH while gold stagnates—boomers quietly reallocating portfolios between golf swings.
Closing thought: If your financial advisor still thinks crypto is a 'fad,' maybe ask how their mutual funds performed against ETH this year.
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- Macy’s (M) stock rallied after the retailer impressed investors in its latest earnings report.
- Dollar Tree (DLTR) stock dipped even after it beat Wall Street’s Q2 estimates.
- Solidion Technology (STI) stock rocketed after it was granted a 2025 R&D 100 Award.
- Disney (DIS) stock slipped after it was hit with a $10 million fine.
- Alphabet (GOOGL) stock jumped as analysts weighed in on a recent court ruling.
- Wave Life Sciences (WVE) stock was slammed by results from an ongoing clinical trial.
- Amazon (AMZN) faces a class-action lawsuit over inflated customer prices.
- Amazon also announced an end to its Prime Invitee Program.
- The S&P 500 (SPX) was up after the index received a price target increase.
- Amgen (AMGN) stock slipped after it revealed plans to build a $600 million research hub.
- Arrowhead (ARWR) stock soared thanks to a new partnership with Novartis (NVS).
- Novartis stock gained after the company announced a partnership with Argo Biopharmaceutical.
- The Dow Jones Industrial Average (DJIA) was down despite calls for an interest rate cut this month.
- Nvidia (NVDA) stock fell below its 50-day average alongside supply chain constraint concerns.
- Take-Two (TTWO) stock was down despite dispelling Grand Theft Auto 6 delay rumors.
- Lululemon Athletica (LULU) received price target cuts ahead of its Q2 earnings report.
- IonQ (IONQ) stock received new coverage from five-star B. Riley Financial analyst Craig Ellis.
- Salesforce (CRM) stock slipped after its CEO revealed job cuts due to AI.
- Cracker Barrel (CBRL) stock was down after new data showed a sales drop following its logo redesign.
- Eli Lilly (LLY) stock slipped despite positive updated coverage from BMO Capital Markets.
Read more of the biggest stock market stories at TipRanks.
