Homebuilder Stocks Tumble, Wendy's Soars, Micron Surges

Today's biggest winners and losers in the stock market, a look at the notable movers:

On this episode of Stock Movers:
- The iShares U.S. Home Construction ETF jumped about 6.3% Wednesday, its sharpest one-day advance since July 2025, as investors rushed into builders expected to benefit from policies aimed at accelerating housing supply and reducing competition from large institutional buyers. The newly approved 21st Century ROAD to Housing Act focuses on one of the root causes of America’s housing affordability crisis: insufficient supply, and is designed to make it easier, faster and cheaper to build homes.

- The meme-stock crowd is rallying behind another beaten up American icon — Wendy’s (WEN) the fast-food chain known for the Frosty, Dave’s Triple burger and the Biggie Deal. The company’s shares, which had been on a steady downward slide for the past three years, surged as much as 42% on Wednesday, triggering a volatility halt, before paring the gain. It was the biggest jump since March 2020, when it joined other stocks in rebounding from the crash caused by the onset of the pandemic.

- Micron Technology (MU) delivered a sales forecast that topped Wall Street estimates after AI-fueled shortages of components sent prices soaring. Revenue will be approximately $50 billion in the fiscal fourth quarter, with profit about $31 a share, compared with a projection of $25.31. Micron and its peers have become major beneficiaries of the artificial intelligence boom, with a spending spree by data center operators stoking the appetite for memory and high-bandwidth memory.

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