Traders are halfway through the week, and there’s been no slowdown of stock market news worth reading about. TipRanks is here to help with a collection of the top stories investors need to catch up on for Wednesday.
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- Pharmaceutical stocks soared on Wednesday in what appeared to be a case of speculative trading.
- Jefferies (JEF) stock fell after it revealed $715 million of exposure to First Brands Group.
- UnitedHealth (UNH) stock gained alongside an increased analyst price target.
- Envoy Medical (COCH) stock plummeted after the company announced a registered direct offering.
- Nvidia (NVDA) stock was up after CEO Jensen Huang described the company’s deal with OpenAI (PC:OPAIQ) as its first direct partnership.
- Amazon (AMZN) stock was up alongside praise from a top analyst ahead of its Q3 earnings report.
- Amazon also announced the introduction of in-office prescription kiosks at select locations.
- TopBuild (BLD) stock gained after the construction company announced a $1 billion deal.
- Alphabet (GOOGL) stock was in the news alongside analyst praise for its AI strategy.
- The Dow Jones Industrial Average (DJIA) was down following reports of complaints from the European Union over U.S. trade deals.
- The S&P 500 (SPX) was up after Wells Fargo raised its U.S. growth and rate cut forecast.
- Penguin Solutions (PENG) stock fell after its mixed earnings prompted an analyst price target cut.
- Levi Strauss (LEVI) stock rallied after an analyst noted Gen Z prefers denim over joggers.
- CoreWeave (CRWV) stock was up after an analyst remained bullish despite AI bubble concerns.
- Confluent (CFLT) stock climbed on reports of a potential sale of the company to private investors.
- Advanced Micro Devices (AMD) stock continued to rally alongside a huge number of analyst updates this week.
Read more of the top stock market stories at TipRanks.