Hourly Market Recap

On Thursday, stocks experienced a significant surge, driven by positive earnings from Nvidia, which reignited a tech rally fueled by optimism over artificial intelligence. This bullish sentiment persisted despite indications that the Federal Reserve might be slower to cut interest rates than previously anticipated. Both the S&P 500 and the Nasdaq Composite were having their best days of the year. Nvidia's stock soared by 15% to an all-time high, and it was on track to set a record for the most market capitalization added in a single day.

Movers of the hour:

Root is up 51.10% at $13.10.  

CSP is up 49.04% at $50.24.  

Mercurity Fintech is up 35.46% at $3.09.  

Mativ Holdings is up 32.74% at $15.61.  

Super Micro Computer is up 32.02% at $969.24.  

Here are the top stocks upgraded by Wall Street analyst:

Walmart has received a rating of Buy from Telsey Advisory Group with target price increased to $205 from $185.

Salesforce has received a rating of Strong Buy from Stifel with target price increased to $330 from $300.

Intuit has received a rating of Buy from Wells Fargo with target price increased to $710 from $615.

Lowes Companies has received a rating of Neutral from Citigroup with target price increased to $236 from $199.

The Charles Schwab has received a rating of Neutral from Barclays with target price increased to $68 from $64.

Medtronic has received a rating of Neutral from Truist Securities with target price increased to $90 from $87.

Palo Alto Networks has received a rating of Neutral from Rosenblatt with target price dropped to $265 from $290.