Trump Media & Technology Group (DJT): Shares of the Truth Social parent company jumped 16%, adding to yesterday’s 16% gain on the stock’s first day of trading.
Robinhood Markets Inc. (HOOD): Shares of the digital trading platform and brokerage gained more than 7% after it said it planned to launch a credit card for premium Robinhood Gold customers.
Merck & Co. Inc. (MRK): Shares of the pharmaceutical giant rose more than 5% after the FDA approved its new drug for the treatment of pulmonary arterial hypertension.
Moderna Inc. (MRNA): Shares of the vaccine maker rose more than 3% after it secured $750 million in funding from private equity firm Blackstone to develop a flu vaccine.
Losses:
GameStop Corp. (GME): Shares of the video game retailer fell more than 17% after it reported lower-than-expected quarterly earnings of 22 cents per share.
Nio Inc. (NIO): American depositary receipts of the Chinese electric vehicle maker fell 3% after it lowered its forecast for first-quarter deliveries amid a slowdown in demand and price war in the world’s largest EV market.
Stock Futures Rise After Two Losing Days
1 hr 32 min ago
Futures contracts connected to the Dow Jones Industrial Average were up 0.4% in premarket trading on Wednesday.
S&P 500 futures were also up 0.4%.
The Nasdaq 100 also traded 0.4% higher about an hour and a half before markets opened.
