NEW YORK (AP) — Wall Street’s record-setting run kept rolling on Thursday, and stocks climbed after a mixed set of U.S. data kept the path clear for the Federal Reserve to cut interest rates in order to boost the economy. The S&P 500 rose 0.8% and set an all-time high for the third straight day. The Dow Jones Industrial Average rallied 617 points, or 1.4%, and the Nasdaq composite gained 0.7%. Both also hit records. Treasury yields eased in the bond market following the economic reports, which were some ...

We recently published 10 Stocks Melt Down in Hours. iQIYI Inc. (NASDAQ:IQ) is one of the worst performers on Wednesday. Shares of iQIYI dropped by 6.81 percent on Wednesday to close at $2.6 apiece as funds shifted to artificial intelligence, while investors continued to digest trade tensions anew between the US and China. Earlier this week, China warned the US over attempts to interfere in its issues on Taiwan and the South China Sea, saying that any move by Washington will be thwarted by Beijing. The fr ...

We recently published 10 Stocks Melt Down in Hours. Mobileye Global Inc. (NASDAQ:MBLY) is one of the worst performers on Wednesday. Mobileye ended two straight days of gains on Wednesday, shedding 6.85 percent to close at $13.88 apiece as investor sentiment was dampened by the European Union’s (EU) decision to partially pause a trade deal with Israel amid its ongoing conflict with Palestine. On Wednesday, European Commission President Ursula von der Leyen called for the suspension of a free trade agreeme ...

We recently published 10 Stocks Melt Down in Hours. NIO Inc. (NYSE:NIO) is one of the worst performers on Wednesday. Shares of NIO Inc. fell by 8.92 percent on Wednesday to end at $5.72 apiece as investors unloaded positions following plans to raise $1 billion through an equity offering that could result in potential share dilution. In a statement, NIO Inc. (NYSE:NIO) said it would issue more than 181.8 million Class A shares, from the offer of American depositary shares (ADS) in the US and ordinary shar ...

We recently published 10 Stocks Melt Down in Hours. Upstart Holdings, Inc. (NASDAQ:UPST) is one of the worst performers on Wednesday. Upstart snapped a four-day winning streak on Wednesday, shedding 9.43 percent to end at $62.42 apiece after its fellow “buy now, pay later” company, Klarna Group PLC (NYSE:KLAR), soared on its market debut. On Wednesday, Klarna Group PLC opened at $57.2, also its highest during the day, before ending the day just up by 14.55 percent at $45.82 apiece. The newly listed firm ...

We recently published 10 Stocks Melt Down in Hours. The Trade Desk, Inc. (NASDAQ:TTD) is one of the worst performers on Wednesday. The Trade Desk fell by 11.95 percent on Wednesday to end at $46.14 apiece as investors took path from an investment firm’s downgrade of its stock. In a market note, Morgan Stanley downgraded The Trade Desk, Inc. (NASDAQ:TTD) to “equalweight” from “overweight” previously and lowered its price target to $50 from $80. Trade Desk (TTD) Drops 11.9% on PT, Rating Downgrade Melpom ...

We recently published 10 Stocks Melt Down in Hours. Rubrik, Inc. (NYSE:RBRK) is one of the worst performers on Wednesday. Shares of Rubrik Inc. dropped by 18.05 percent on Wednesday to close at $80.72 apiece as investors appeared to have already priced in the company’s strong performance in the second quarter of the year before the official results. Rubrik, Inc. (NYSE:RBRK), a security and AI company offering data protection, cybersecurity resilience, and enterprise AI acceleration, narrowed its net loss ...

We recently published 10 Stocks Melt Down in Hours. NextDecade Corp. (NASDAQ:NEXT) is one of the worst performers on Wednesday. NextDecade dropped its share prices by 18.62 percent on Wednesday to end at $8.09 apiece as investors appeared to have priced in developments for Train 4 of its Rio Grande liquefied natural gas project. In a statement, NextDecade Corp. (NASDAQ:NEXT) said it was able to raise $6.7 billion in fresh funds to finance the development of Train 4, alongside the continuous progress for ...

Block (NYSE: XYZ ) is exhibiting positive momentum on a variety of platform metrics, including its adjusted operating income (margins), and retains considerable transaction growth per active account in the second quarter. Block also saw an acceleration in its gross profit growth rate in theAnalyst’s Disclosure:I/we have a beneficial long position in the shares of XYZ, SOFI, UPST either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am ...

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