On Wednesday, U.S. stocks closed mixed as the Dow Jones Industrial Average advanced 0.6% to 46,018.32. The S&P 500 slipped 0.1% to 6,600.35, while the Nasdaq fell 0.3% to 22,261.33.
The Federal Reserve cut its benchmark rate by 25 basis points to 4.00%-4.25%, ending a nine-month pause and marking the fourth reduction in the current easing cycle. Policymakers projected faster rate cuts ahead, lowering their 2025 outlook to 3.6% from 3.9%, while upgrading GDP forecasts and acknowledging persistent inflation pressures. The decision was split, with Trump appointee Stephen Miran pushing for a deeper 50-point cut.
These are the top stocks that gained the attention of retail traders and investors through the day:
Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL)
Cracker Barrel’s stock fell by 3.16%, closing at $49.59, with an intraday high of $51.50 and a low of $49.21. The stock’s 52-week range is between $71.93 and $33.85. In the after-hours trading, the stock declined 9.28% to $44.99. The decline followed the company’s mixed fourth-quarter earnings report, which showed a revenue beat but missed on earnings per share and offered soft guidance. The company reported fourth-quarter earnings of 74 cents per share, which missed the analysts’ 80 cents per share estimates.
D-Wave Quantum Inc. (NYSE:QBTS)
D-Wave Quantum’s stock surged 18.98%, closing at $22.54, with an intraday high of $22.85 and a low of $18.93. The stock reached a new 52-week high of $22.85, with a low of $0.87. In the after-hours trading, the stock rose 2.5% to $23.11. The increase occurred as the company hosted its Qubits Japan 2025 conference, demonstrating the company’s strength amid broader market volatility.
IonQ Inc. (NYSE:IONQ)
IonQ’s stock rose by 5.11%, closing at $65.44, with an intraday high of $66.39 and a low of $61.08. The stock hit an all-time high of $66.39, with a 52-week low of $7.50. In the after-hours trading, the stock spiked nearly 7.2% to $70.13. The rise followed the announcement of a deal with the U.S. Department of Energy to advance quantum technologies in space.
Krispy Kreme Inc. (NASDAQ:DNUT)
Krispy Kreme’s stock increased by 0.96%, closing at $3.15, with an intraday high of $3.48 and a low of $3.13. The stock’s 52-week range is between $12.67 and $2.50. The stock rose almost 3.8% to $3.27 in the after-hours trading. The rise came after FBI Director Kash Patel disclosed his purchase of the stock, which is gaining popularity among meme stock enthusiasts.
Broadcom Inc. (NASDAQ:AVGO)
Broadcom’s stock dropped by 3.84%, closing at $346.17, with an intraday high of $359.93 and a low of $341.5. The stock’s 52-week range is between $374.23 and $138.10. The stock spiked 1.3% to $350.70 in the after-hours session. The decline followed the expansion of its partnership with Lloyds Banking Group to enhance the bank’s digital transformation strategy.
Benzinga’s Edge Stock Rankings indicate Cracker Barrel stock has a Momentum in the 74th percentile. Here is how the stock ranks on other metrics.
Prepare for the day’s trading with top premarket movers and news by Benzinga.
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This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal
Photo Courtesy: Gorodenkoff on Shutterstock.com
