<div id="readability-page-1"><div>The stock market experienced significant declines on Wednesday as Federal Reserve ChairJerome Powelladdressed economic concerns. The S&amp;P 500 fell 2.2% to 5,275.70 points, while the Nasdaq dropped 3% to 16,307.16. The Dow Jones Industrial Average fell 1.7% to 39,669.39. The tech sector faced substantial losses, with semiconductor companies particularly affected by new export restrictions.These are the top stocks that gained the attention of retail traders and investors throughout the day:Palantir Technologies Inc. PLTRPalantir shares decreased by 5.78%, closing at $92.71. The stock reached an intraday high of $97.30 and a low of $89.62, with a 52-week range between $125.41 and $20.33. The decline came as Powell’s remarks on tariffs and economic slowdown concerns weighed on the tech sector.Hertz Global Holdings Inc. HTZHertz shares soared by 56.44%, closing at $5.71, with an intraday high of $5.77 and a low of $4.06. The stock’s 52-week range is $6.65 to $2.47. The surge followed Pershing Square’s significant stake in the company, as revealed in an amended 13F filing.Netflix Inc. NFLXNetflix saw a 1.50% decline, closing at $961.63. The stock hit an intraday high of $981.21 and a low of $949.17, with a 52-week range of $1,064.50 to $542.01. Investors are eyeing Netflix’s upcoming earnings report for guidance amid the tariff war environment.Prologis Inc. PLDPrologis shares rose by 1.84%, closing at $100.29. The stock reached an intraday high of $101.91 and a low of $97.98, with a 52-week range of $132.57 to $85.35. The increase followed the company’sstrong first-quarter earningsreport, which exceeded expectations. Prologis president Dan Letter said that the company signed leases totaling 58 million square feet and expanded capacity to support growing demand for data centers.Tesla Inc. TSLATesla shares fell by 4.94%, closing at $241.55. The stock’s intraday high was $251.97, with a low of $233.89, and a 52-week range of $488.54 to $138.80. Investors are eagerly awaiting Tesla’s upcomingshareholder meetingfor updates on key issues. Shareholders will demand answers on self-driving, Cybercab, tariffs and brand damage.Benzinga Edge Stock Rankings for Netflix indicate Momentum at 95th percentile and Growth at 69th percentile. How does rival Disney fare? Find out by clicking here now.<figure><img width="799" height="98" src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16232323/Screenshot-2025-04-17-at-12.22.55.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16232323/Screenshot-2025-04-17-at-12.22.55.png"/></figure>Prepare for the day’s tradingwith top premarket movers and newsby Benzinga.Photo Courtesy: chayanuphol on Shutterstock.comRead Next:<ul><li>How To Trade SPY And Top Tech Stocks Ahead Of Powell’s Speech</li></ul>This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal</div></div>

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In a volatile trading session, the stock market saw significant declines, with the S&P 500 falling 2.2% to 5,275.70 points. Notable stocks included Palantir (-5.78%), Hertz (+56.44%), Netflix (-1.50%), Prologis (+1.84%), and Tesla (-4.94%). Hertz surged after Pershing Square's stake announcement, while Prologis reported strong earnings. Investors are closely watching Netflix's upcoming earnings and Tesla's shareholder meeting for updates on key issues.

- The stock market saw significant declines on Wednesday, with the S&P 500 falling 2.2% and the Nasdaq dropping 3% amid concerns raised by Federal Reserve Chair Jerome Powell.  
- Notable stock movements included Hertz, which surged 56.44% following a major investment, while Palantir and Tesla experienced declines of 5.78% and 4.94%, respectively.  
- The tech sector was particularly affected by new export restrictions and economic slowdown concerns, impacting investor sentiment across various companies.  

Top 5 Trending Stocks: Palantir, Hertz, Netflix, Prologis, Tesla