On Wednesday, the US stock market saw a loss of momentum as investors digested unexpectedly high wholesale inflation data. They also kept a close eye on the Federal Reserve minutes for insights into the central bank's stance on interest rates.

An increasing number of investors are now betting that the Federal Reserve will refrain from raising interest rates during its November meeting. This belief stems from the recent surge in bond yields, which is perceived as accomplishing the tightening work that the central bank would typically do.

However, some on Wall Street caution that a stronger-than-expected report on US consumer inflation, due to be released on Friday, could prompt the Fed to take action.

As of 12:05 PM ET, the Dow was down -44.7305 points, or -0.1326%, at $33694.57. The Nasdaq Composite added 31.6689 points, or 0.2093%, at $15163.188. The S&P 500 declined -2.4604 points, or -0.0565%, at $4355.78. Among the 11 major S&P 500 sectors, 8 showed negative movement, with Consumer Defensive leading the way with a 0.9% decrease.

Top Movers: Under $10

Tempest Therapeutics Inc (TPST) is up 1267.24% today to trade at the current level of $3.28. This comes after the company announced that its Board of Directors has adopted a limited duration stockholder rights plan, effective immediately.

Matinas Biopharma Holdings Inc (MTNB) zoomed 95.03% in today’s trade to $0.30 after announcing complete clinical resolution of a patient’s recurrent hemorrhagic cystitis due to Candida krusei (C. krusei), a fluconazole inherited resistant fungal pathogen, following treatment with MAT2203, Matinas’ oral formulation of the potent antifungal amphotericin B.

In current trading, Phio Pharmaceuticals Corp (PHIO) stock is at $2.25 after releasing the poster presentation of two key preclinical studies of its INTASYL compound PH-894 at the AACR-NCI-EORTC International Conference on Molecular Targets and Cancer Therapeutics in Boston, Massachusetts on October 11th -15th.

Origin Materials Inc (ORGN) rose 20.33% in the early hours of today's trading to move at $1.16 following the commencement of commercial-scale production at Origin 1, located in Sarnia, Ontario, Canada, the first commercial plant of its kind.

In the current trading session, Voxeljet AG ADR (VJET) jumped 20.19% to $1.25 over a previous close of $1.04 in response to its selection by GE Research for a crucial role in the $14.9 million Department of Energy initiative, propelling clean energy with the Advanced Casting Cell (ACC) 3D printer.

Ex-Dividends Stocks

Generation Income Properties Inc (GIPR) 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 $0.04 per share. The company has fixed November 15 as the record date for the same and will pay the actual dividend on November 30. Last year, the company distributed a total of $0.47 to its shareholders. Based on the last year's worth of payments, GIPR has a trailing yield of 11.69% on the current stock price of $4.02.

Another stock that is shelling out dividends tomorrow is Johnson Outdoors Inc (JOUT), having a market capitalization of $549.13M. It will pay a dividend of $0.33 per share, the payment date of which is October 27. Currently, the stock is trading at a trailing dividend yield of 2.33%.

Shares of Bank OZK (OZK) will be the talk of stock market on Thursday as the stock will turn ex-dividend. The company's next dividend payment will be $0.37 per share, and in the last 12 months, the company paid a total of $1.41 per share. Last year's total dividend payments show that OZK has a trailing yield of 3.77% on the current share price of $37.46.

WPP Plc. ADR (WPP) is also set to go ex-dividend tomorrow. The next dividend payment from WPP will amount to $0.95 per share. October 13 has been designated as the record date for this dividend, with the actual payout scheduled for November 03. In the previous year, WPP distributed a total of $2.41 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for WPP stands at 5.26% based on the current stock price of $45.73.

CF Bankshares Inc (CFBK) will be paying out a dividend of $0.06 per share to shareholders holding their shares as of the close of the business hours on the record date of October 16. Over the past 12 months, CFBK has paid out a total of $0.23 per share in dividends. Based on the total dividends paid out last year, CFBK boasts an impressive trailing yield of 1.44% on the current share price of $15.94.

Crypto Market Highlights

Most Shorted Stocks

Rite Aid Corp. (RAD) was one of the most shorted stocks as of latest short interest figures, with 32.83% 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 2.4. This represents a change of 4740000 shares, which corresponds to a +35.56% increase in short interest. The total value of the shares held short is estimated to be around $16.26 million. The average daily volume stands at 7.41M shares, and the market capitalization of the company is $50.79M.

The Faraday Future Intelligent Electric Inc with the symbol FFIE currently has a short interest of 41.24%. The short interest has changed by 2760000 shares. The days to cover ratio stands at 2.0. The estimated value of the shares held short is approximately $8.01 million. On an average day, 3.56M shares are traded, with the company's market capitalization totaling $21.02M.

For the stock GigaCloud Technology Inc (GCT), the current short interest is at 31.77%. This represents a significant short interest change of 730000 shares, corresponding to a short interest percentage increase of +66.36%. The days needed to cover the short positions amount to 2.1. The approximate worth of the shares held short is $15.88 million.

The stock TSVT has a current short interest of 34.35%. The short interest percentage has experienced increase of +42.24% while there was a change of 4520000 shares in short interest. The ratio indicating the time required to cover short positions is 11.2. The calculated worth of the shorted shares amounts to around $21.06 million. Trading activity averages at 1.36M shares per day, while the company's market capitalization stands at $226.58M.

AI Stocks to Watch

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

Our ST Score also classifies Adobe Inc (ADBE) as a high-quality AI stock today, presenting a Score of 57.0. The stock has strong fundamentals in terms of profitability, stock sentiment, and Piotroski Score. However, it has weak value. The performance, growth, financial strength, and forecast are neutral.

Another stock in the category, NVIDIA Corp (NVDA) has the ST Score of 54.0, which means that the stock carries the potential for higher returns. The stock is strong in profitability, growth, and Piotroski Score but weak in value, and financial strength. Performance, stock sentiment, and forecast suggest a neutral outlook.

ZoomInfo Technologies Inc. (ZI) stock has the ST Score of 52.0 which implies that the AI company has a high probability of beating the market. The stock's strengths lie in its profitability, and Piotroski Score, but its weaknesses are in its financial strength. However, it shows neutral outlook in value, performance, growth, stock sentiment, and forecast.

Sprinklr Inc (CXM) currently has the ST Score of 53.0, which signifies a huge upward potential. The AI stock's strong points are its profitability, financial strength, and Piotroski Score, while its weak points are its value, and stock sentiment. The stock's performance, growth, and forecast indicate a neutral outlook.