US stocks drop for second straight day
The S&P 500 and Nasdaq 100 each gave back 0.3% while the Russell 2000 underperformed with a 0.9% drop.
US stocks opened higher before quickly falling into the red, where they stayed for most of the session Wednesday.
The S&P 500 and Nasdaq 100 each gave back 0.3% while the Russell 2000 underperformed with a 0.9% drop.
Energy was the best-performing S&P 500 sector ETF, while materials and consumer discretionary were at the bottom of the leaderboard.
Centene and Mosaic were among the day’s bright spots, jumping 5.8% apiece. Freeport-McMoRan led declines, sinking 17% after the mining giant declared force majeure at its Grasberg mine in Indonesia and said it expects lower copper and gold sales. Elsewhere...
UniQure soared over 240% after the pharma company released trial results that showed its experimental gene therapy for Huntington’s disease slowed its progression by 75% after three years.
Alibaba jumped over 8% after the Chinese tech giant announced plans to upsize its investments in AI, a partnership with Nvidia, and its new AI model series Qwen3-Max.
RedCloud Holdings leapt nearly 63% after the UK-based business-to-business platform announced that “it has joined the NVIDIA Connect program as part of its mission to deliver a new operating system for global trade.”
Shares of Opendoor reversed course, soaring almost 16% after sinking on Monday and Tuesday as one of the company’s largest shareholders, Access Industries, looks to be in the process of exiting its position in the stock.
Canopy Growth rallied 8.8% after the cannabis company’s CEO, Luc Mongeau, disclosed an unplanned stock purchase of 27,469 shares on Tuesday.
Lucid rose more than 3% after the electric vehicle maker delivered its first Uber robotaxi (of 20,000) and saw a stock price target bump to $26 from $20 by Cantor Fitzgerald.
Micron fell 2.8% even after the chipmaker announced strong Q4 results after the bell Tuesday and provided profitability guidance for the current quarter that exceeded Wall Street’s expectations.
Oracle dipped 1.8% even as the cloud giant announced late Tuesday that it would join OpenAI and SoftBank in expanding the Stargate project with five new AI data center sites.
