U.S. Stock Market Midday Update

Futu Holdings rose 9.27%. Based on recent key news:

1. On August 20, Futu Holdings released its Q2 2026 financial report, showing significant growth in revenue, net profit, and trading volume. After the report was disclosed, Futu Holdings' U.S. stock rose over 10% in pre-market trading, currently reported at $120.5. The report indicated that Futu Holdings' Q2 2026 revenue reached HKD 7.2 billion, a year-on-year increase of 35.6%; net profit increased by 41.6% year-on-year to HKD 3.6419 billion. Adjusted net profit under non-GAAP increased by 40.1% year-on-year to HKD 3.7251 billion.

2. On August 20, Futu Holdings announced that its investment banking services cover nearly 60% of new listed companies in Hong Kong, further consolidating its market position. Following this news, Futu Holdings' stock price rose 9.52% in pre-market trading, currently reported at $119.84.

3. On August 20, Futu Holdings announced that its total trading volume for Q2 2026 increased by 78.8% year-on-year, reaching HKD 6.42 trillion, indicating a significant increase in market trading activity. Net profit increased by 41.6% year-on-year to HKD 3.6419 billion. The market trading is active, and the macroeconomic environment is stable.

Stocks with High Trading Volume in the Industry

Robinhood rose 14.23%. Based on recent key news:

1. On August 20, Robinhood CEO Vlad Tenev stated in an interview with CNBC that the global tokenization supercycle will engulf the entire financial system. This statement sparked optimistic expectations in the market regarding Robinhood's future growth potential, driving the stock price up.

2. On August 21, Robinhood launched the public mainnet of its blockchain network, Robinhood Chain, supporting tokenized assets and expanding into private market investments. This move is seen as a potential source of long-term growth for the company, further boosting investor confidence.

3. On August 21, analysts rated Robinhood as a strong buy, with an average 12-month target price of $123.58, indicating a 16% upside from current levels. This optimistic analyst expectation supports the stock price. The tokenization trend is driving positive market sentiment.

Goldman Sachs rose 2.84%, with increased trading volume. Based on recent key news:

1. On August 21, Goldman Sachs increased its stake in Zhongji Xuchuang to 10.57%. This increase in holdings demonstrates Goldman Sachs' confidence in the company, driving the stock price up. Source: Hong Kong Stock Exchange

2. On August 19, Goldman Sachs announced the acquisition of ETF issuer Neos Investments for $2.25 billion. This acquisition will significantly expand Goldman Sachs' ETF business scale, enhance market competitiveness, and boost investor confidence. Source: Guandian.com

3. On August 19, Goldman Sachs acquired LCN Capital Partners for an amount not exceeding $410 million. This move aims to expand its influence in the real estate market and further diversify its asset management business. Source: Zhitong Finance funds flow into non-tech sectors, risk diversification.

Morgan Stanley rose 2.32%. Based on recent key news:

1. On August 21, Anthropic plans to bring in Citigroup as one of the lead underwriters for its IPO, with Morgan Stanley also in the underwriting syndicate. This move could enhance Morgan Stanley's business ranking in the equity financing market and drive up its stock price. Source: Jinshi Data

2. On August 20, Morgan Stanley published a report downgrading Kuaishou's earnings forecast and lowered its rating to "in line with the market," but it did not have a significant negative impact on the stock price. Source: Jinshi Data

3. On August 19, Morgan Stanley predicted that DRAM prices would rise by 50% in the third quarter, which could have a positive impact on its related investment portfolio. Source: Caixin AI industry IPOs are active, and competition among investment banks is fierce.

Stocks ranked among the top in industry market capitalization

Charles Schwab rose 1.65%. Based on recent key news:

1. On August 19, Charles Schwab plans to expand its technology center workforce in India to 2,000 employees by 2027. This move demonstrates the company's expansion in technology and operational support, potentially enhancing its global business capabilities and driving up its stock price.

2. On August 19, Vanda Research data showed that despite retail trading behavior shifting to defensive positions, the number of buyers on the Charles Schwab platform still exceeds sellers by two times, indicating increased investor confidence and supporting stock price growth.

3. On August 19, Charles Schwab opened a global capability center in Hyderabad and plans to significantly expand its workforce in the coming years, further consolidating its technology development and operational support capabilities in India, which is favorable for its stock price. The financial services industry is expanding, and the growth of technology centers is significant