Check out the companies making headlines in the midday trading: Bank Stocks – Major banks were under pressure during Monday’s session amid growing concerns about a potential slowdown in the US economy. JPMorgan Chase and Citigroup fell by about 4%. Goldman Sachs slid 5%, while Wells Fargo and Morgan Stanley fell 6%. Bank of America has flown almost 4%. Robinhood – Shares in the financial services platform plummeted nearly 20% shortly after FINRA on Friday, saying Robinhood ordered customers to pay $3.75 million. The self-regulatory organisation also fined Robinhood Financial and Robinhood Securities $26 million, claiming that they “established and failed to implement a reasonable money laundering program.” Crypto-related names – Bitcoin slid 4% in the noon trade as investors escaped the speculative corner of the market. Stocks tied to cryptocurrency also fell, with Crypto Exchange Coinbase losing 18% and Bitcoin proxy strategy down 17%. Redfin – The real estate company rose 68% after Rocket Companies announced it would acquire the company in an all-stock transaction worth $1.75 billion. The agreement is expected to close in the second or third quarter of 2025. The rocket company’s shares moved almost 15% lower after the announcement. NVIDIA – Chipmaker’s stock fell 5%, extending the recent defeat of Megacap stock. Nvidia has fallen more than 20% in 2025 after its stock plunged more than 9% last week. Chip Play – Vaneck Semiconductor ETF (SMH) has slid nearly 5% since it sold out from last year’s premium chip name. Broadcom slipped 5 and ASML lost 7%. Taiwan’s semiconductor manufacturing fell 4%. Tesla – Elon Musk’s electric car company waived post-election profits after stocks fell 15%, at under $240. The EV maker skated for seven weeks in a row after Musk joined the Trump administration. This is the longest winning streak in a public company in 15 years. The shares closed at $251.44 on the election day on November 5th. Novo Nordisk – After the results of the Danish pharmaceutical company’s weight loss drug Cagrisema, the stock showed that the patient’s impact was smaller compared to previous tests. Palantir Technologies – The stock has pulled back 10%, extending its performance decline in recent weeks. Over the past month, stocks have fallen by more than 32%. Cracker Barrel – After Trust Securities upgraded and bought the company, the restaurant brand shares jumped to nearly 4%. The company said the restaurant chain’s recent results have increased reliability in its cracker barrel turnaround efforts that don’t appear to be reflected in its ratings. Oracle – Cloud Computing Company stock fell 4% as AI-related transactions were under pressure on Monday. Oracle plans to report earnings after the closing bell, but it has been found that the stock price has fallen by more than 10% this year. After the Cognizant Technology – Wall Street Journal, IT stocks rose 1%, citing people familiar with the issue, and activist investor Mantle Ridge has built over $1 billion in stock, and believes its stock is undervalued. – CNBC’s Alex Hurling, Brian Evans, Jesse Pound, Yun Lee, Pier Singh, Michelle Fox and Darla Mercado reported. Fix: Previous versions incorrectly stated the financial amount of compensation ordered to pay the customer. The company was ordered to pay its customers $3.75 million, and FINRA punished $26 million Robinhood Financial and Robinhood Securities for alleged violations.
