On Wednesday, Wall Street witnessed a decline, influenced by a divergent set of earnings reports from two major Big Tech corporations.

At 11:48 AM ET, the Dow was up 82.8711 points, or 0.2501%, at $33224.25. The Nasdaq Composite lost -235.3369 points, or -1.596%, at $14510.519. The S&P 500 declined -34.5703 points, or -0.8139%, at $4213.11. Among the 11 major S&P 500 sectors, 7 showed negative movement, with Communication Services leading the way with a -1.26% decrease.

Microsoft saw a 2.8% increase in its stock price after surpassing analysts' expectations with robust summer profits and revenue. Microsoft's performance carries significant market influence as the second-largest company in terms of market capitalization.

Conversely, Alphabet, the parent company of Google and YouTube, exerted downward pressure on the market, despite reporting better-than-expected profits. Its stock slumped by 8.8% due to concerns regarding a potential deceleration in the growth of its cloud computing business.

Top Movers: Under $10

Nuvve Holding Corp (NVVE) is up 57.09% today to trade at the current level of $0.23 after partnering with Blue Bird Corporation to replace Martinsville ISD's diesel fleet with five electric buses and innovative charging solutions.

BioXcel Therapeutics Inc (BTAI) zoomed 23.50% in today’s trade to $2.89 after releasing results from an audit of its Tranquility II clinical trial.

In current trading, Terran Orbital Corp (LLAP) stock is at $0.80 as its subsidiary, Tyvak International, secured a €4.5 million contract with the European Space Agency for an innovative in-orbit servicing mission deploying a nanosatellite from Space Rider.

Scholar Rock Holding Corp (SRRK) rose 17.62% in the early hours of today's trading to move at $9.01 after Jefferies upgraded its rating to Buy and set a price target of $20.

In the current trading session, Cybin Inc (CYBN) jumped 14.07% to $0.50 over a previous close of $0.44 on news of two patent grants from the United States Patent and Trademark Office, providing protection for its deuterated DMT program.

Ex-Dividends Stocks

Bank Of New York Mellon Corp (BK) is about to trade ex-dividend tomorrow, meaning that investors who buy the stock after tomorrow will not be eligible for the next dividend payment. The company's next dividend payment will be $0.42 per share. The company has fixed October 27 as the record date for the same and will pay the actual dividend on November 09. Last year, the company distributed a total of $1.58 to its shareholders. Based on the last year's worth of payments, BK has a trailing yield of 3.77% on the current stock price of $41.87.

Another stock that is shelling out dividends tomorrow is Carrier Global Corp (CARR), having a market capitalization of $39.90B. It will pay a dividend of $0.19 per share, the payment date of which is November 20. Currently, the stock is trading at a trailing dividend yield of 1.56%.

Shares of Prospect Capital Corporation (PSEC) will be the talk of stock market on Thursday as the stock will turn ex-dividend. The company's next dividend payment will be $0.06 per share, and in the last 12 months, the company paid a total of $0.72 per share. Last year's total dividend payments show that PSEC has a trailing yield of 12.78% on the current share price of $5.64.

Old Second Bancorporation Inc. (OSBC) is also set to go ex-dividend tomorrow. The next dividend payment from OSBC will amount to $0.05 per share. October 27 has been designated as the record date for this dividend, with the actual payout scheduled for November 06. In the previous year, OSBC distributed a total of $0.20 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for OSBC stands at 1.52% based on the current stock price of $13.12.

Unum Group (UNM) will be paying out a dividend of $0.37 per share to shareholders holding their shares as of the close of the business hours on the record date of October 27. Over the past 12 months, UNM has paid out a total of $1.37 per share in dividends. Based on the total dividends paid out last year, UNM boasts an impressive trailing yield of 2.83% on the current share price of $48.52.

Crypto Market Highlights

Most Shorted Stocks

Aehr Test Systems (AEHR) was one of the most shorted stocks as of latest short interest figures, with 20.97% short interest. The days to cover ratio, a measure of how long it would take for all the short positions to be covered based on average trading volume, is 6.0. This represents a change of 1090000 shares, which corresponds to a +22.02% increase in short interest. The total value of the shares held short is estimated to be around $194.73 million. The average daily volume stands at 1.01M shares, and the market capitalization of the company is $928.37M.

The Microstrategy Inc. with the symbol MSTR currently has a short interest of 20.23%. The short interest has changed by 110000 shares. The days to cover ratio stands at 4.9. The estimated value of the shares held short is approximately $1.25 billion. On an average day, 587.59K shares are traded, with the company's market capitalization totaling $6.20B.

For the stock Editas Medicine Inc (EDIT), the current short interest is at 20.12%. This represents a significant short interest change of 450000 shares, corresponding to a short interest percentage increase of +2.82%. The days needed to cover the short positions amount to 11.2. The approximate worth of the shares held short is $108.04 million.

The stock RYTM has a current short interest of 23.62%. The short interest percentage has experienced increase of +16.85% while there was a change of 1700000 shares in short interest. The ratio indicating the time required to cover short positions is 17.3. Trading activity averages at 680.39K shares per day, while the company's market capitalization stands at $1.24B.

AI Stocks to Watch

According to our ST Score evaluation, Arista Networks Inc (ANET) emerges as a high-quality stock in the AI industry, attaining an impressive score of 59.0. The stock's profitability, financial strength, and stock sentiment are strong. However, its value are weak. Additionally, it is neutral in terms of performance, growth, Piotroski Score, and forecast.

Our ST Score also classifies Zoom Video Communications Inc (ZM) as a high-quality AI stock today, presenting a Score of 59.0. The stock has strong fundamentals in terms of profitability, financial strength, and Piotroski Score. However, it has weak growth. The value, performance, stock sentiment, and forecast are neutral.

Another stock in the category, EPAM Systems Inc (EPAM) has the ST Score of 59.0, which means that the stock carries the potential for higher returns. The stock is strong in profitability, financial strength, and Piotroski Score but weak in value. Performance, growth, stock sentiment, and forecast suggest a neutral outlook.

Alibaba Group Holding Ltd ADR (BABA) stock has the ST Score of 58.0 which implies that the AI company has a high probability of beating the market. The stock's strengths lie in its profitability, financial strength, and Piotroski Score. However, it shows neutral outlook in value, performance, growth, stock sentiment, and forecast.

Palantir Technologies Inc (PLTR) currently has the ST Score of 58.0, which signifies a huge upward potential. The AI stock's strong points are its profitability, growth, and financial strength, while its weak points are its value. The stock's performance, stock sentiment, Piotroski Score, and forecast indicate a neutral outlook.