Investors are halfway through the week and the influx of stock market news doesn’t stop. Let’s get into that with a breakdown of the biggest stock market stories for Wednesday!
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- Altria (MO) stock got a boost today after it beat Wall Street’s Q2 estimates.
- The Kraft Heinz Company (KHC) rose alongside its latest earnings report.
- QuantumScape (QS) stock slipped after it missed earnings in its most recent report.
- Etsy (ETSY) stock rallied after the company surpassed Wall Street’s revenue estimates.
- Sleep Number (SNBR) stock fell hard after its Q2 results came in well below estimates.
- VYNE Therapeutics (VYNE) stock plummeted after its Phase 2b trial results for Repibresib gel didn’t meet its primary endpoint.
- IonQ (IONQ) stock jumped after the company named Dr. Marco Pistoia as Senior Vice President of Industry Relations.
- BioNexus Gene Lab (BGLC) stock rocketed higher after the company announced an agreement with Fidelion Diagnostics.
- CyberArk Software (CYBR) stock was on the move after Palo Alto Networks (PANW) bought it for $25 billion.
- The S&P 500 (SPX) received an increased price target from Wells Fargo.
- JPMorgan Chase (JPM) and Coinbase (COIN) have teamed up to make crypto more accessible.
- Alphabet (GOOGL) has told its employees to increase their pace of AI adoption.
- Amazon (AMZN) will reportedly spend $20 million to $25 million in a licensing deal with The New York Times (NYT).
- The Dow Jones Industrial Average (DJIA) was down ahead of the Federal Reserve’s interest rate decision today.
- Meta Platforms (META) CEO Mark Zuckerberg has laid out the company’s AI plans.
- Air Canada (TSE:AC) was up as employees prepare for a strike vote.
- Alphabet’s YouTube has revealed new protections that are being added for teenage users.
- Microsoft (MSFT) stock was up after Xbox dominated Sony’s (SONY) PlayStation game sales list.
Read more of the hottest stock market news at TipRanks!