New York: US equity markets witnessed sharp movements and heavy trading activity on March 10, with several technology and small-cap stocks recording significant gains while others posted steep declines.
Among the biggest gainers, Aeva Technologies (AEVAV) surged an extraordinary 627.27%, topping the list of the day’s most advanced stocks. The massive jump placed the lidar technology company firmly in the spotlight for traders seeking high-momentum opportunities.
Other notable gainers included Cingulate Inc., which climbed 90.47%, followed by Agape ATP Corporation rising 87.13%, and robotics firm Nauticus Robotics gaining 77.64%. Autonomous vehicle sensor company Innoviz Technologies also advanced 75.44%, reflecting strong investor interest in emerging technology stocks.
Sharp Declines in Select Stocks
On the downside, NFT Limited (MI) led the list of the day’s biggest decliners, plunging 82.54%. Warrants of Ouster Inc. dropped 66.67%, while leveraged ETF products linked to major tech companies also saw significant losses during the session.
Heavy Trading Across Major Market ETFs
Market activity remained concentrated in major ETFs and large-cap technology companies. The SPDR S&P 500 ETF Trust (SPY) recorded the highest dollar trading volume with a last price near $677.05, though it slipped slightly during the session.
Technology giants continued to attract strong investor interest. NVIDIA traded heavily, closing around $184.77 with gains of over 1%, while semiconductor manufacturer Micron Technology surged 3.54% to approximately $403.11, making it one of the top-performing large-cap stocks of the day.
Meanwhile, Tesla also featured among the most actively traded stocks, rising modestly to around $399.23. The tech-focused Invesco QQQ Trust remained largely stable during the trading session.
Small-Cap Stocks Drive Volume
In terms of sheer share volume, several low-priced stocks dominated trading activity. DXST, ELPW, and LGVN each recorded hundreds of millions of shares changing hands, highlighting continued retail investor participation in speculative small-cap names.
