Today's Market

Why are stocks up (or down) and what does the latest Nvidia news mean? Today’s Market will answer those questions and keep you informed about big stock market movers. We’ll also tell you about the latest Fed moves, what stocks Warren Buffett is buying, and which stocks look primed for a short squeeze. Today’s Market is the perfect pairing of InvestorPlace’s expert financial advice and critical stock and crypto news.

Top Stories

Market News

Salesforce (CRM) Stock Falls on Sales Team Layoffs

Although Salesforce announced job cuts in response to tough macroeconomic pressures, CRM stock may face even more unwinding.

NIO Stock Plunges 10% Ahead of Earnings

Ahead of Nio's highly-anticipated upcoming earnings report, investors are in selling mode, with NIO stock losing more than 10%.

October CPI: The Key Inflation Number Investors Should Be Watching

Here's what investors will want to keep their eye on as the October CPI reading is set to be released tomorrow.

Elon Musk Just Sold $3.95 Billion of Tesla (TSLA) Stock. Here’s Why.

Yesterday, Musk submitted three Form 4s to document his sales of TSLA stock. In total, 19.5 million shares were sold worth $3.95 billion.

Roblox (RBLX) Stock Drops 14% on Q3 Earnings Weakness

Although Roblox beat Q3 revenue expectations, earnings fell short of the consensus target, raising questions about RBLX stock.

Why Is Clovis Oncology (CLVS) Stock Down 72% Today?

Clovis Oncology (CLVS) stock is crashing on Wednesday as investors react to news of the drug company running out of cash!

Astra Layoffs 2022: ASTR Stock Falls as Astra Space Cuts 16% of Staff

Astra Space (ASTR) layoffs are in the news as the rocket company shifts focus away from its satellite space services offerings.

Intel Layoffs 2022: What to Know About INTC Job Cuts, Hiring Freeze

Intel (INTC) layoffs are reportedly in the works as the company prepares to reduce its headcount due to slowing PC demand.

What to Know About Solana and FTX as the SOL Crypto Plummets

The Solana network is being bludgeoned as a result of the drama that is sweeping across FTX and Alameda Research.

Mark Zuckerberg Confirms: Meta Layoffs Will Cut 11,000 Employees

Meta (META) layoffs are a hot topic on Wednesday after founder and CEO Mark Zuckerberg confirmed 11,000 job cuts, or 13% of employees.

Redfin Layoffs 2022: RDFN Stock Sinks as Redfin Cuts 13% of Workforce

An announcement of Redfin layoffs seems to have taken the market by surprise, as RDFN stock traders are dumping their shares today.

Lucid (LCID) Stock Tumbles as Car Reservations Drop

LCID stock can't seem to stay afloat today as Lucid releases disappointing financial figures and announces a drop in vehicle reservations.

Mullen (MULN) Stock Revs Higher on Newgate Motor Deal

MULN stock is in the green after Mullen announced that it had secured a 500-vehicles-per-year purchase order from Newgate Motor Group.

Upstart (UPST) Stock Sinks on Gloomy Forecast

Upstart (UPST) stock is sliding lower on Wednesday following a poor performance in the third quarter of 2022 and a weak outlook.

Why Is Merrimack Pharmaceuticals (MACK) Stock Up 220% Today?

Merrimack Pharmaceuticals (MACK) stock is rocketing higher on Wednesday following positive Phase III clinical trial data.

BBBY Stock Alert: Bed Bath & Beyond Strikes a Deal to Avoid Cash Crunch

BBBY stock continues to trend lower on reports that the firm is issuing more stock in an effort to raise cash and avoid a financial crisis.

Disney (DIS) Stock Slumps as Inflation Takes a Toll

Disney (DIS) stock is falling on Wednesday after the entertainment company released earnings results for its fiscal fourth quarter of 2022.

Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Wednesday

We're starting off the day with a breakdown of the biggest pre-market stock movers traders need to know about on Wednesday!

5 Investors Still Betting Big on Robinhood (HOOD) Stock

HOOD stock is falling lower in the wake of the collapse of FTX's native token, FTT. FTX's CEO is a major shareholder of Robinhood.