--- title: "U.S. Stock Market Midday Update: Zhaofu Soars 15.36% Without Any Good News? Sector Rotation Drives Small-Cap Stocks' Wild Fluctuations" type: "News" locale: "en" url: "https://longbridge.com/en/news/290467776.md" description: "Mega Fortune rose 15.36%; Coreweave fell 5.61%, with a transaction volume of 2.2 billion USD; Snowflake fell 2.21%, with a transaction volume of 737 million USD; Shopify fell 1.03%, with a transaction volume of 534 million USD; CloudFlare fell 3.48%, with a market value of 76.4 billion USD" datetime: "2026-06-22T18:13:22.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290467776.md) - [en](https://longbridge.com/en/news/290467776.md) - [zh-HK](https://longbridge.com/zh-HK/news/290467776.md) generator: "portal-rs" --- # U.S. Stock Market Midday Update: Zhaofu Soars 15.36% Without Any Good News? Sector Rotation Drives Small-Cap Stocks' Wild Fluctuations **U.S. Stock Market Midday Update** Mega Fortune rose 15.36%, with increased trading volume and no significant news recently. Trading is active, and capital flows are evident. Considering sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. **Stocks with High Trading Volume in the Industry** Coreweave fell 5.61%. Based on recent news, 1. On June 22, CoreWeave CFO Nitin Agrawal sold 56,429 shares of the company, cashing out approximately $6.65 million. The market expressed concerns over the company's high leverage and insider selling, leading to a price drop of about 8.01%. 2. On June 22, CoreWeave was officially included in the Nasdaq 100 Index. Despite the positive news, the market remains concerned about the company's high leverage, affecting stock performance. 3. On June 20, CoreWeave pointed out that data center power supply rooms have become a critical bottleneck and plans for large-scale expansion in 2027, indicating an urgent need for infrastructure, which affects market sentiment. The market has high confidence in long-term investments in AI and power infrastructure. Snowflake fell 2.21%. Based on recent news, 1. On June 22, Verato announced a successful collaboration with Snowflake AI Data Cloud at Cannes Lions 2026, enhancing its integration and data modeling capabilities. This news failed to boost Snowflake's stock price, as the market questioned the long-term impact of the technical collaboration, leading to a price decline. 2. On June 22, Acxiom was recognized by Snowflake as a leader in identity and data solutions at Cannes Lions 2026, but the market reacted lukewarmly, failing to drive up Snowflake's stock price. 3. On June 22, Narrative I/O was acknowledged by Snowflake as a company to watch in the data and identity space at Cannes Lions 2026, but this news did not change the overall market perception of Snowflake, and the stock price continued to decline. The tech industry has shown weak performance recently, with significant capital outflows. Shopify fell 1.03%. Based on recent news, 1. On June 22, Shopify is experiencing rapid growth and is expanding its ecosystem through advanced AI integration and multi-channel enterprise infrastructure. This allows Shopify to maintain strong growth in the medium term, although the valuation seems high, the stock may be re-rated. This news did not immediately boost the stock price, but instead triggered some investors to take profits, leading to a price decline. 2. On June 20, Admaxxer achieved a significant milestone, with 12,000 active direct-to-consumer brands and a total tracked merchandise value of $3 billion. The platform aims to become the preferred alternative for Shopify and other e-commerce brands Despite this news indicating intensified industry competition, it failed to have a positive impact on Shopify's stock price. 3. On June 22, analyst ratings showed 1 buy and 20 hold recommendations over the past three months, with an average target price of $167.38, indicating a 34% upside from current levels. Analysts' cautious stance may lead investors to lower their expectations for short-term stock price increases. The e-commerce industry is facing increased competition and rising macroeconomic uncertainty. **Stocks with High Market Capitalization in the Industry** CloudFlare fell 3.48%. Based on recent key news: 1. On June 22, Cloudflare collaborated with Mozilla Firefox, Google Chrome, and Microsoft Edge to develop a privacy protection protocol called PACT, aimed at reducing CAPTCHA and intrusive tracking. This move could enhance the company's technological image but failed to immediately boost the stock price. 2. On June 22, Cloudflare reported an increase in outage and error rates, raising market concerns about its technological stability, putting pressure on the stock price. 3. On June 23, the pessimism among options traders eased somewhat, with a 10-day call/put options trading volume ratio of 0.91, indicating an increase in bearish sentiment towards Cloudflare, affecting stock performance. The technology sector has seen increased volatility recently, warranting attention ### Related Stocks - [MGRT.US](https://longbridge.com/en/quote/MGRT.US.md) - [CRWV.US](https://longbridge.com/en/quote/CRWV.US.md) - [SNOW.US](https://longbridge.com/en/quote/SNOW.US.md) - [SHOP.US](https://longbridge.com/en/quote/SHOP.US.md) - [NET.US](https://longbridge.com/en/quote/NET.US.md) ## Related News & Research - [Short Interest in Mega Fortune Company Limited (NASDAQ:MGRT) Decreases By 16.1%](https://longbridge.com/en/news/283230316.md) - [Value Capture in the Margin: From Infrastructure Monopolies to Application Friction](https://longbridge.com/en/news/290671440.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**