Benzinga Bulls And Bears: Sunrun, Newegg, Walmart — And Powell Offers Rate Cut Hope

Benzinga
2025.08.23 12:03
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Benzinga reports on market movements following Fed Chair Jerome Powell's dovish signals, leading to record highs for the S&P 500 and Dow. Sunrun's stock is upgraded due to favorable policy changes, while Newegg's shares surge nearly 260%. Conversely, Walmart's stock drops after missing earnings estimates, and Viking Therapeutics faces a stock plunge due to disappointing drug trial results. Concerns grow over potential tech sector declines as traders buy put options on the QQQ.