Happy Thursday! Jerome Powell’s remarks spooked the market, but the real impact might be bigger than you think. Read on to see what’s unfolding.

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Jerome Powell’s Warning Sends Stocks Sliding — What’s Next For The Fed?

Stocks tumbled as Federal Reserve Chair Jerome Powell issued a sobering caution on the impact of rising oil prices and global tensions.

While he stopped short of predicting stagflation, his remarks left investors with more questions than answers, and leaves uncertainty about how far the Fed might go to keep inflation in check.

Read the full breakdown now.

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Yesterday: U.S. indexes finished sharply lower Wednesday, with the Dow tumbling nearly 800 points to a new low this year. Hotter-than-expected inflation data weighed on investor sentiment with producer price inflation (PPI) for February coming in at 3.4%, well above expectations%. Meanwhile, the Federal Reserve announced that it’s holding interest rates steady at 3.5%–3.75%, in line with forecasts, while reaffirming projections for one rate cut this year and another next year. However, policymakers raised their longer-term inflation outlook, citing elevated oil prices and ongoing tariff effects. Geopolitical uncertainty also added pressure, as escalating tensions in Iran fueled fears of a potential stagflationary environment marked by slower economic growth and sustained inflation.

On Our Radar: Analysts will be paying attention to initial jobless claims, wholesale inventories, and new home sales for a combined read on labor market momentum, business demand, and the health of the housing sector. On the earnings front, all eyes will be on FedEx (FDX) which will report today after the market close.

Despite the market tanking, shares of Lumentum (LITE), Williams-Sonoma (WSM), Sandisk (SNDK), and Ciena (CIEN) were flying high. Meanwhile, Rocket Lab (RKLB), The Trade Desk (TTD), and Strategy (MSTR) were some of the top laggards of the day. But those weren’t the only companies making big moves. Here’s a look at some of the biggest winners and losers on Wednesday. 

See how the market is moving with our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

IPO Rocket: Traders on Polymarket are putting a high chance on SpaceX becoming 2026’s biggest IPO. The odds are high, but will Musk’s Starlink-fueled empire really deliver? Click to see what the markets are whispering.

Memory Surge: Micron just shattered Wall Street expectations in Q2, and analysts are scrambling to keep up. So why did shares tank? Here’s what you need to know.

“High Five”: Shares of Five Below soared after smashing Wall Street’s estimates. Read on to see why analysts say the next move might surprise even seasoned investors. Discover why this discount darling could be climbing higher in 2026.

AI Surge: AI investments are skyrocketing, with OpenAI, Anthropic, and xAI pulling in billions. Click to see who’s cashing in and what’s next.

Crypto Mirage: Bitcoin’s rally has followed the same pattern as 2022 and 2018. Here’s what traders are watching.

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