Midday trading sees significant gains for quantum stocks and major banks, with IonQ and Wells Fargo leading the charge.
San Francisco: Stocks are buzzing today, especially in the quantum computing space. Microsoft just rolled out a plan to get businesses ready for quantum tech, and it’s got everyone excited. Nvidia is also in the mix, announcing a quantum day at their big conference. IonQ is really shining, with its stock jumping a whopping 33%. Other quantum stocks like Rigetti and D-Wave are also seeing big gains.
On the building supply front, Beacon Roofing Supply is making waves too. Their shares shot up over 10% after a big acquisition proposal came through, valuing the company at $11 billion. Meanwhile, Wells Fargo is riding high after reporting better-than-expected earnings, with shares climbing nearly 6%. They’re predicting a solid increase in net interest income for 2025, which is great news for investors.
Goldman Sachs also had a good day, with their stock rising about 5% after they beat earnings expectations. Citigroup followed suit, climbing over 7% thanks to strong fourth-quarter results. Bank of New York Mellon and JPMorgan Chase are also in the green, with both banks reporting earnings that exceeded what analysts were expecting.
BlackRock is not to be left out either, adding nearly 5% after posting impressive earnings. And on the flip side, Calavo Growers saw a dip of over 7% after their latest results didn’t quite meet expectations. It’s a mixed bag out there, but overall, it’s a lively day in the markets!
