COIN - Hot Stocks: CRM jumps on earnings; COIN APPS plunge; Lithium stocks fall; TNK STNG set highs

Wall Street succumbed to lingering worries about the economy on Wednesday, with the major averages finishing solidly in negative territory. Stocks retreated early in the day but cut their losses during the afternoon. Pessimistic comments from JPMorgan's CEO contributed to the decline, with financial stocks suffering the brunt of the skepticism. This also put pressure on cryptocurrencies, sparking a double-digit percentage decline in Coinbase (COIN). Lithium-related stocks also participated in the retreat. A cautious sector forecast from Goldman Sachs sparked selling in Livent (LTHM), Piedmont Lithium (PLL), Albemarle (ALB) and Lithium Americas (LAC). Digital Turbine (APPS) was another standout decliner on the session, losing almost a quarter of its value on a disappointing earnings report. Looking at some of the day's standout gainers, Salesforce (NYSE:CRM) staged a rally in the wake of its upbeat quarterly update. Meanwhile, Scorpio Tankers (STNG) and Teekay Tankers (TNK) continued their recent march higher, setting

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Hot Stocks: CRM jumps on earnings; COIN, APPS plunge; Lithium stocks fall; TNK, STNG set highs