QFIN - Hot Stocks: CRM hits high; Chinese fintechs fall; NRXP COVID data; IHS LUCD plunge in debuts

Favorable economic news and strong earnings figures helped spark a substantial rally on Thursday, with the S&P 500 scoring its best single-day performance in seven months. Dow component Salesforce.com Inc. (NYSE:CRM) used the tailwind to extend its recent gains, pushing to new 52-week high. Meanwhile, NRx Pharmaceuticals (NASDAQ:NRXP) represented one of the day's best performers. The stock expanded its value by more than a quarter on strong clinical data for its treatment for COVID-related respiratory problems. Despite the overall strength in the market, some stocks got left behind. Renewed concerns about aggressive regulation in China sparked a sell-off in Chinese fintech shares. This was led by double-digit percentage declines in UP Fintech (NASDAQ:TIGR) and Futu Holdings (NASDAQ:FUTU). The bullish sentiment on the day also did little to save a couple of new IPOs. Both IHS Holding (IHS) and Lucid Diagnostics (LUCD) posted double-digit percentage declines in their market debuts. Esperion Therapeutics

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Hot Stocks: CRM hits high; Chinese fintechs fall; NRXP COVID data; IHS, LUCD plunge in debuts