Palantir, Shiba Inu, Apple, American Airlines: What to Watch in the Stock Market Today

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Stocks dropped in morning trading, with major indexes losing ground amid broad-based selling. Here’s what we’re watching during Wednesday’s regular session.

Tim Cook talked about the new iPhone 13 during the Apple event on Sept. 16, 2021.



Photo:

Apple Inc.

  • Cryptocurrencies turbo-charged by Tesla CEO

    Elon Musk

    got another boost Wednesday. The token Shiba Inu gained 48% over the previous 24 hours, adding to a days-long rally after Mr. Musk posted a new photo of his Shiba Inu puppy named Floki on Monday. The coin now has a market value of $9 billion, making it the twentieth largest cryptocurrency, according to CoinMarketCap.com. Dogecoin, a favorite of Mr. Musk’s, also rose 3% over the previous 24 hours.

Chart of the Day

Write to James Willhite at james.willhite@wsj.com

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