Why XP Stock Was Rocketing Higher on Wednesday
XP (NASDAQ: XP) saw its stock price increase significantly on Wednesday, surging as high as 15.3% shortly after the opening bell. The move was in stark contrast to the major indexes as the Dow Jones Industrial Average, S&P 500, and Nasdaq were down -0.8%, -0.8%, and -1%, respectively, on Wednesday morning. XP did not correlate to the down stock market for a few reasons.