U.S. stock markets experienced a significant surge on Wednesday, following a mixed close the previous day. The futures of major benchmark indices climbed as President Donald Trump declared a two-week ceasefire on Iran strikes.
The Dow Jones Industrial Average surged 2.85% to 47,909.92, while the S&P 500 climbed 2.5% to 6,782.81 and the Nasdaq advanced 2.8% to 22,634.99.
These are the top stocks that gained the attention of retail traders and investors through the day.
Ford Motor Company (NYSE:F)
Ford’s stock rose by 5.73%, closing at $12.18. The stock reached an intraday high of $12.24 and a low of $11.96, with a 52-week range between $14.80 and $8.44.
Ford’s CEO Jim Farley recently acknowledged the challenges of the electric vehicle transition, citing a $4.8 billion annual loss. The company has canceled several battery-electric models due to insufficient demand.
Applied Digital Corporation (NASDAQ:APLD)
Applied Digital’s stock surged 10.37%, closing at $27.79. The stock’s intraday high was $29.39, with a low of $27.35, and its 52-week range is $42.25 to $3.31. The company’s stock fell 5.08% to $26.38 in after-hours trading.
The company has been involved in a proposed setup where tankers email Iranian authorities with cargo details, paying tolls in Bitcoin (CRYPTO: BTC). Iran’s Supreme National Security Council determines the rules for passage, raising questions about the risks for Western vessels.
U Power Limited (NASDAQ:UCAR)
U Power’s stock skyrocketed 331.63%, closing at $2.38. The stock hit an intraday high of $2.39 and a low of $0.86, with a 52-week range between $49.80 and $0.38. The stock shot up 26.89% to $3.02 in extended trading.
The company announced a private placement deal, selling 2.9 million Class A ordinary shares at $1.10 per share. This transaction is seen as a funding boost for the China-based vehicle sourcing and battery-swapping company.
Block Inc. (NYSE:XYZ)
Block’s stock increased by 4.77%, closing at $62.83. The stock’s intraday high was $65.40, with a low of $62.38, and its 52-week range is $82.50 to $44.27.
The Bitcoin-focused company’s stock benefited from a broader market sentiment shift as traders unwound positions related to Strait of Hormuz disruptions. The Jack Dorsey-led firm’s ecosystem includes Square’s seller tools and Cash App’s consumer finance platform.
Alphabet Inc. (NASDAQ:GOOG)
Alphabet’s Class C stock climbed 3.56%, closing at $314.74. The stock reached an intraday high of $319.39 and a low of $312.71, with a 52-week range between $350.15 and $145.82.
The company has been shedding its “black hole” label with $150 billion in hidden assets from SpaceX and Anthropic, highlighting unrealized value on its balance sheet.
Benzinga Edge Stock Rankings indicate Applied Digital stock has a Momentum in the 97th percentile.
This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal
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