US Market Wrap-Up

Major US stock indexes ended the day lower on Wednesday. The Dow Jones Industrial Average decreased by 0.13%, closing at 50,121.40. The S&P 500 was flat at 6,941.47, while the Nasdaq fell 0.16% to finish at 23,066.46.

Here’s a look at some noteworthy stocks that piqued the interest of traders and investors during the day.

AppLovin Corp. (NASDAQ: APP)

AppLovin’s stock dropped 3.41%, closing at $456.81 after fluctuating between a high of $471.97 and a low of $438.18. Although the price remains below its 52-week peak of $745.61, it’s still significantly higher than its 52-week low of $200.50.

McDonald’s Corp. (NYSE: MCD)

McDonald’s shares fell by 0.85%, reaching a high of $325.20 and a low of $320.81 before settling at $323.21. This places the fast-food leader just shy of its 52-week high of $328.06, comfortably above a low of $283.47.

Cisco Systems experienced a 0.84% drop, closing at $85.54 after trading between a high of $87.14 and a low of $85.12. The stock is close to its 52-week high of $88.18 and well above a low of $52.11. In after-hours trading, however, shares fell 7.3% to $79.26.

In an earnings update, Cisco also reported adjusted earnings expectations for the third quarter, forecasting revenue between $15.4 billion and $15.6 billion, a bit more than the expected $15.18 billion. The company now anticipates adjusted earnings per share between $1.02 and $1.04, compared to the previous estimate of $1.03. Additionally, they’ve revised their outlook for fiscal 2026, estimating full-year revenue will now range from $61.2 billion to $61.7 billion, up from the earlier forecast of $60.2 billion to $61 billion.

QuantumScape Corp. (NYSE: QS)

QuantumScape’s stock dipped 1.34%, with an intraday high of $9.13 and a low of $8.60, closing at $8.82. This solid-state battery company is well below its 52-week high of $19.07 but above its low of $3.40. In extended trading, shares fell nearly 10.5% to $7.89.

The decline followed the company’s announcement of its quarterly results, which showed a smaller-than-expected loss. QuantumScape reported a loss of 17 cents per share, beating expectations for a loss of 18 cents. In total, capital expenditures for the fourth quarter were $12.3 million, with a yearly total of $36.3 million and customer charges amounting to $19.5 million.

AST Space Mobile saw a 0.68% increase, closing at $96.92 after trading between a high of $102.85 and a low of $93.20. The stock remains below its 52-week high of $129.87 but is comfortably above its 52-week low of $18.22.

According to Benzinga Edge Stock Rankings, Cisco’s stock is in the 81st percentile for Momentum and in the 18th percentile for Value.