Late Night Market Recap

 Night.Owl
 
  Night.Owl
 
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Night.Owl masters market recaps, offering sharp analysis that uncovers hidden patterns and key moves. Stay ahead with Night.Owl’s expert insights.
 

•  26 Dec 2025
 

•   APVO  
   
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•   COIN  
   
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•   CPNG  
   
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•   ECDA  
   
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•   FCX  
   
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$NVDA Nvidia completely dominated the Late-Night Market Recap, acting as the market center of gravity while much of Wall Street drifted. Shares gained just over 1% on massive volume as traders reacted to headlines around its roughly $20 billion Groq licensing and asset deal, reinforcing Nvidia grip on AI infrastructure. The stock pushed above $190, led Dow gainers at points during the session, and drew heavy options activity as institutions recalibrated exposure. Even with broader indexes mixed and futures slipping after Christmas, Nvidia strength once again masked weakness elsewhere and reminded traders where leadership still lives.

$ECDA ECD Automotive Design delivered one of the most explosive moves of the day, surging more than 46% as volume flooded in following news of an expanded 2026 product lineup. This was a pure momentum trade driven by speculation and retail attention, with price action completely overwhelming fundamentals in the short term. For late-night traders, ECDA stood out as a reminder of how quickly thin names can ignite when a compelling growth narrative hits the tape.

$CPNG Coupang saw a sharp relief rally, climbing over 6% after the company clarified that a recently disclosed data breach was less severe than initially feared. Management identified a former employee as the source, easing investor anxiety and helping restore confidence in the platform controls. Despite the presence of a class action headline, the market clearly focused on reduced operational risk, sending shares higher on strong volume as buyers stepped back in.

$RGTI Rigetti Computing reversed sharply, dropping nearly 9% after a speculative run earlier in the week fizzled out. The pullback reflected growing skepticism around quantum computing valuations, with traders locking in gains as bearish outlooks resurfaced. Heavy volume confirmed that this was not a quiet fade but an active unwind, highlighting how fragile sentiment remains in early-stage tech themes.

$FCX Freeport-McMoRan outperformed within the materials sector, rising more than 2% as copper-linked names attracted steady institutional flows. The stock ranked among the top S&P 500 movers, benefiting from improving macro sentiment around industrial demand and commodities. While not flashy, FCX offered a reminder that rotation into real assets continues quietly beneath the surface of the AI-driven market.

$APVO Aptevo Therapeutics suffered one of the steepest declines of the session, plunging more than 34% after announcing a 1-for-18 reverse stock split. The move triggered immediate selling pressure, as traders interpreted the split as a sign of balance-sheet stress rather than renewal. Volume surged as confidence evaporated, making APVO a clear cautionary tale in the biotech space.

$HOOD Robinhood Markets slipped nearly 2% amid notable options activity that leaned bearish. While the platform benefited indirectly from Nvidia overnight trading buzz, traders focused more on the unusual options flow signaling hedging or downside protection. The stock remained active but lacked direction, reflecting broader uncertainty around retail trading momentum into year-end.

$XPEV XPeng delivered a strong upside surprise, climbing over 6% after announcing expansion into Qatar and deeper penetration across the Middle East and Africa. The stock also crossed above a key long-term moving average, attracting technical traders alongside fundamental buyers. For EV watchers, XPEV move stood out as a rare pocket of strength in an otherwise uneven sector.

$COIN Coinbase drifted lower by just over 1% as the stock entered oversold territory, keeping crypto-linked equities under pressure despite relatively stable digital asset prices. Traders remained cautious, viewing the pullback as part of a broader consolidation rather than panic selling. COIN stayed on watchlists into the night as sentiment hovered between value hunting and risk control.

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