Markets Rally as Fed Hints at Rate Cuts; Tech Leads
Markets had a strong week, thanks to some encouraging news from the Federal Reserve. Fed Chair Jerome Powell spoke at the Jackson Hole symposium and suggested that interest rate cuts could be on the way due to growing concerns about the job market. This sent the stock market soaring, with both the S&P 500 and Dow Jones hitting new all-time highs.
Technology stocks, smaller companies, and cryptocurrencies were among the biggest winners. Treasury yields and the U.S. dollar moved lower as investors reacted to the Fed’s softer tone on future policy. Bitcoin climbed more than 4%, Ethereum jumped 14%, and other altcoins also saw solid gains, showing that investors are feeling more confident about riskier assets.
As we head into the last full week of the month, all eyes are on how markets will behave after the Jackson Hole buzz fades. Analysts expect increased volatility in foreign exchange markets, especially involving the U.S. dollar, euro, British pound, and gold. Traders are watching closely for more signs of rate cuts and upcoming economic data that could shape expectations.
Here’s a look at some of the top-performing and struggling stocks from the past week:
🚀 Bullish Stocks (Winners)
**Sunrun (RUN)**
Sunrun is looking stronger after RBC Capital upgraded the stock to “Outperform” and raised its price target to $16. The upgrade came after new U.S. Treasury policy updates that support demand for solar energy. Sunrun’s business model, which offers third-party ownership of solar systems, is expected to gain traction. The analyst predicts Sunrun could add around 139,000 new customers by 2026 and significantly boost cash flow from $308 million in 2025 to $550 million in 2026.
**Newegg Commerce (NEGG)**
Newegg stock exploded recently, gaining nearly 260% over the past month and hitting a new 52-week high. The rally was driven by strong investor interest, rising trading volume, a bullish chart pattern, and high short interest. A stock sale program launched in July has also added to the momentum, attracting more retail traders.
**Chinese Tech and EV Stocks**
Chinese tech and electric vehicle stocks surged after AI firm DeepSeek launched its latest model optimized for domestic chips. This move supports China’s push toward AI independence. Big names like Alibaba (BABA), Baidu (BIDU), PDD Holdings (PDD), NIO (NIO), Li Auto (LI), and XPeng (XPEV) all saw significant gains. Meanwhile, Nvidia (NVDA) pulled back as it reduced production of its China-specific H20 chips.
Other notable gainers:
– Nebius surged over 200% amid AI-related excitement.
– NIO continued to climb, catching investor attention.
– ByteDance launched a new AI model, challenging Alibaba and DeepSeek.
📉 Bearish Stocks (Losers)
**Walmart (WMT)**
Walmart stock dropped after missing earnings for the first time in three years. The company reported earnings per share of $0.68, below the expected $0.73, despite a 4.8% rise in revenue. CEO Doug McMillon warned that tariffs are steadily pushing up costs. While Walmart has been absorbing these increases, ongoing cost pressures may start affecting pricing and consumer spending — especially among budget-conscious shoppers.
**Viking Therapeutics (VKTX)**
Viking Therapeutics took a hit after announcing disappointing results for its weight-loss pill VK2735. While the drug did show up to 12.2% weight loss over 13 weeks, concerns over side effects and a high number of people dropping out of trials led to a major sell-off in pre-market trading.
**QQQ Put Options Signal Market Worries**
Traders are loading up on put options for QQQ — a tech-heavy ETF — suggesting fear of a major drop in tech stocks. These puts are centered around the $515 level, which is near QQQ’s 200-day moving average. This behavior shows investors are bracing for more than just a small pullback; they’re preparing for potential tech-sector turmoil.
Other notable losers:
– Carvana shares slid midweek amid rising concerns.
– Coty hit new 52-week lows.
– Tech stocks fell for a third day while Walmart’s earnings added pressure on markets.
Stay tuned for more updates as markets continue to react to Fed policy signals and global economic shifts.
📈 Trending Stocks & Tickers:
– Bitcoin (BTC): Up over 4%
– Sunrun (RUN): Up over 10%
– Newegg (NEGG): Up 260% in a month
– NIO (NIO): Up over 16%
– Nvidia (NVDA): Slight pullback
– Walmart (WMT): Down after earnings miss
– Viking Therapeutics (VKTX): Down on drug trial concerns
– QQQ ETF: Investors buying protection via put options
Keep an eye on these names as they continue to drive market headlines.