Stocks Rebound, Remain on Track for Weekly Losses
Schaeffers·- Wall Street stocks rebounded at midday, led by gains in financial and crypto-related equities. - Despite the session's recovery, major indexes remained on track for weekly losses, snapping recent winning streaks. - Key market movements included Robinhood shares rising 12.8% on Bitcoin's surge, Circle advancing 7.8% following an IBM patent acquisition, and Alibaba dropping 7.2% after reporting a 75% plunge in first-quarter net profit.