Wednesday's tape handed the S&P 500 a solid 1.8% gain, closing at 771.33. The headline story, though, belongs to Palantir: the stock rocketed 58% on the open, dragging a flock of 2x and 3x long ETFs—PLTU, PLTG, PTIR, PLTA—along for the ride. Liquidity is thin and moves are wild.
Market movers
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S&P 500
771.33
+1.80%
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Nasdaq 100
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Dow Jones
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Russell 2000
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Volatility
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| AMIX | Autonomix Medical, Inc. | 19.50 | +434.25% |
| ADGM | Adagio Medical Holdings, Inc. | 0.80 | +73.91% |
| SXTC | China SXT Pharmaceuticals, Inc. | 0.12 | +60.08% |
| PLTG | Leverage Shares 2x Long PLTR Daily ETF | 15.94 | +58.13% |
| PTIR | GraniteShares 2x Long PLTR Daily ETF | 16.72 | +58.03% |
| NXTT | Next Technology Holding Inc. | 0.11 | -73.30% |
| PLTZ | Daily Target 2X Short PLTR ETF | 11.87 | -58.71% |
| RITR | Reitar Logtech Holdings Limited Ordinary shares | 0.15 | -57.26% |
| AHCO | AdaptHealth Corp. | 6.71 | -38.04% |
| BETR | Better Home & Finance Holding Company | 17.27 | -36.74% |
When your top gainers are almost entirely leveraged ETF plays tracking a single stock and sketchy biotech names with 60%+ moves, it's a sign of a market starved for conviction. The losers mirror the chaos—shorts on PLTR (PLTZ) got hammered, small-cap duds like NXTT cratered, and the tape overall feels more like a poker table than price discovery. One bright spot: Ibotta (IBTA) climbed 52%, suggesting some actual business momentum underneath the noise.
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