The S&P 500 rose 0.6%, the Nasdaq 100 gained 0.7%, and the Russell 2000 advanced by 1.1% on Wednesday.
Bitcoin reached a fresh record high for the first time since May, hitting a peak of 112,009.39. And Nvidia joined the $4 trillion market cap club, a league of its own.
Every S&P 500 sector ETF rose outside of consumer staples, energy, and real estate; utilities was the best-performing. AES, a power provider to hyperscalers, jumped nearly 20% after Bloomberg reported that it’s considering a sale.
Amazon’s Prime Day is looking like a huge flop, with sales reportedly down 41% in Day 1 compared to last year, but no one seems to care: the stock was up on the day and basically trading flat from where it was right before reports of weakness in the first few hours of Prime Day sales surfaced on Tuesday.
Hims & Hers rose 4.5% after announcing it will offer a generic version of Novo Nordisk’s weight-loss shot in Canada next year.
Robinhood rose 3.6% after Bank of America boosted its price target on the brokerage to $112 from $95.
(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions.)
Plug Power saw one of the biggest days for call-buying in its long and tumultuous history, propelling shares up 25% amid news that it’s buying a lot of liquid hydrogen from an unnamed partner.
Tilray shares were also a beneficiary of hot options demand, jumping 15%.
Alibaba slumped after rival JD.com announced a $1.4 billion plan to increase its footprint in the food delivery business.
Bitcoin treasury companies are not enough: GameSquare soared 40% after its board approved an ethereum treasury strategy.
