SHOP - Hot Stocks: SHOP LZB tumble on earnings; UPST rallies; digital ad stocks fall; APTS hits high

Stocks rebounded from an early slide to finish Wednesday's trading mixed, after the release of minutes from the last Federal Reserve meeting sparked a rally in the afternoon. Traders interpreted the minutes as lowering the chances of a 50-basis-point rate hike at the Fed's next meeting. While the general market came back from early losses, players in the digital advertising space remained substantially lower at the close. Changes to Android's privacy policies sent AppLovin (NASDAQ:APP), Digital Turbine (NASDAQ:APPS), PubMatic (NASDAQ:PUBM) and Magnite (NASDAQ:MGNI) substantially lower. Shopify (NYSE:SHOP) also posted a dramatic decline on the session. A warning of slowing growth prompted a double-digit percentage slide. Earnings news had a similar impact on La-Z-Boy (NYSE:LZB), which plunged to a new 52-week low as COVID disruptions and supply chain challenges ate into its latest financial figures. On the other side of the ledger, Upstart (NASDAQ:UPST) expanded its value by more than a

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Hot Stocks: SHOP, LZB tumble on earnings; UPST rallies; digital ad stocks fall; APTS hits high