Check out the companies making headlines in the midday trading: Bank Stocks – Major banks were under pressure during Monday’s session amid growing concerns about a potential slowdown in the US economy. JPMorgan Chase and Goldman Sachs fell about 4%. Citigroup slipped over 4%, while Wells Fargo fell 5%. Bank of America lost more than 2%, while Morgan Stanley fell more than 5%. Robinhood – Shares in the financial services platform plummeted more than 14% shortly after FINRA, saying on Friday that Robinhood ordered customers to pay $3.75 million in restitution. The self-regulatory organisation also fined Robinhood Financial and Robinhood Securities $26 million, claiming that it “failed to establish and implement a reasonable money laundering program,” among other issues. Crypto-related names – Bitcoin slid 3% in the noon trade as investors escaped the speculative corner of the market. Stocks related to cryptocurrency also fell, with Crypto Exchange Coinbase losing 10% and Bitcoin proxy strategy down 13%. Redfin – The real estate company rose roughly 70% after Rocket Companies announced it would acquire the company in an all-stock deal worth $1.75 billion. The agreement is expected to close in the second or third quarter of 2025. The rocket company’s shares moved almost 15% lower after the announcement. NVIDIA – Chipmaker’s stock fell 4%, extending the recent defeat of Megacap stock. Nvidia has fallen more than 20% in 2025 after stocks plummeted over 9% last week. Chip Play – Vaneck Semiconductor ETF (SMH) has slid over 4% as investors sold out from last year’s premium chip names. Broadcom and ASML lost about 6%. Taiwan’s semiconductor manufacturing fell over 3%. Tesla – Elon Musk’s electric car company waived post-election profits after stocks fell 10%, at under $240. The EV maker skated for seven weeks in a row after Musk joined the Trump administration. This is the longest winning streak in a public company in 15 years. The shares closed at $251.44 on the election day on November 5th. Novo Nordisk – After the results of the Danish pharmaceutical company’s weight loss drug Cagrisema, the stock showed that the patient’s impact was smaller compared to previous tests. Palantir Technologies – The stock has pulled back 7%, extending its performance decline in recent weeks. Over the past month, stocks have fallen by more than 32%. Cracker Barrel – After Trust Securities upgraded the company and bought it, the restaurant brand shares rose 6%. The company said the restaurant chain’s recent results have increased reliability in its cracker barrel turnaround efforts that don’t appear to be reflected in its ratings. Oracle – Cloud Computing Company’s stock fell more than 4% as AI-related transactions were under pressure on Monday. Oracle plans to report earnings after the closing bell, and it has been found that the stock price has fallen more than 10% this year. After the Cognizant Technology – Wall Street Journal, IT inventory has earned more than 4% citing people familiar with the issue, and activist investor Mantle Ridge has built over $1 billion in stock into the company, and believes that the stock is undervalued. – CNBC’s Alex Hurling, Brian Evans, Jesse Pound, Yun Lee, Pier Singh, Michelle Fox and Darla Mercado reported. Fix: Previous versions incorrectly stated the financial amount of compensation ordered to pay the customer. The company was ordered to pay its customers $3.75 million, and FINRA punished $26 million Robinhood Financial and Robinhood Securities for alleged violations.
