Wall Street falls as Veea surges 149.34% and Circle drops 11.41%

  • Veea surged after proposing a merger with NovaGen Group B.V.
  • 149.34%: Veea closed at $5.71 after reaching $7.49 intraday.
  • Federal Open Market Committee began a two-day meeting on interest rates.

Major U.S. stock indexes closed lower Tuesday as the Federal Open Market Committee (the Fed's rate-setting panel) began a two-day meeting focused on the potential direction of interest rates. Veea led the retail-trader watchlist, surging 149.34% to $5.71 after announcing a proposed merger with NovaGen Group B.V. DataMEDS AI climbed 87.20% to $1.62 following its acquisition of cancer diagnostics lab Helomics Corporation. Trip.com Group edged up 0.44% despite reporting a RMB2.4 billion ($361 million) net loss tied largely to a RMB5.2 billion ($763 million) anti-monopoly penalty. Datavault AI fell 18.24% despite receiving an initial $100 million purchase order for QEST tokenization services, while Circle declined 11.41% after the Senate's CLARITY Act cloture vote failed to reach the 60-vote threshold.

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