Top Stock Movers – July 09, 2025
U.S. markets traded slightly higher at midday Wednesday, with investors weighing the economic impact of newly proposed tariffs from the Trump administration.
Nvidia Corp. (NVDA) surged, becoming the first company in history to reach a $4 trillion market capitalization, driven by continued demand for its AI chips.
AES Corp. (AES) led S&P 500 gainers amid reports it's considering a sale.
Merck & Co. (MRK) advanced after announcing a $10 billion acquisition of Verona Pharma (VRNA) to strengthen its respiratory treatment pipeline.
WPP plc (WPP) shares plunged after the advertising giant cut guidance, citing reduced client spending tied to economic uncertainty.
Vertical Aerospace (EVTL) dropped sharply after announcing a $60 million stock offering priced 28% below its previous close.
In the C-suite, Wendy’s (WEN) CEO Kirk Tanner stepped down to become the new CEO of Hershey Co. (HSY), sending shares of both companies lower.
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