Stocks ended higher Wednesday, with the S&P 500 closing at a record high, after minutes from the Federal Reserve's meeting in June revealed the central bank discussed the appropriate time to begin pulling back on its support for the recovering U.S. economy.
Here are some of the market's biggest gainers for Wednesday:
1. Dollar General | Increase 1.4%
Dollar General (DG) rose after the discount retailer said it would expand its health-care offerings, such as cough and cold, dental, nutritional, medical, and feminine hygiene products. The company also appointed Albert Wu to the new position of vice president and chief medical officer. Wu will report to Jeff Owen, Dollar General’s chief operating officer.
2. Newegg | Increase 148%
Newegg Commerce (NEGG) shares more than doubled as the online electronics retailer is turning into the latest meme stock and benefited from some product-related news. In 2021 through Tuesday's close, the stock had jumped by a factor of nearly seven.
3. Whirlpool | Increase 2.3%
Shares of Whirlpool (WHR) rose after the appliance producer was praised by analysts at Goldman Sachs and J.P. Morgan. Goldman Sachs reiterated its faith in the stock. Goldman Sachs analyst Susan Maklari reiterated a buy rating and $280 price target.
4. GoDaddy | Increase 0.4%
GoDaddy (GDDY) shares rose after the technology provider for small businesses said it launched List for Sale, a service that enables anyone to quickly and easily list and sell unused domain names. The tool is available for free to all GoDaddy customers who own a domain name.
5. Weibo | Increase 3.1%
Shares of Weibo (WB) continued to climb after the chairman of China’s Twitter-like (TWTR) social-media company denied a report that he and a state investor were negotiating to take the company private.