Major U.S. indices were mixed on Thursday with the Dow Jones declining 0.13% to 34,945.47, while the tech-heavy Nasdaq rose 0.07% to 14,113.67. The S&P 500 was also in the green and rose 0.12% to 4,508.24.
Transitioning from the general market overview, it’s important to highlight specific stocks that captured significant attention from retail traders and investors throughout the day.
Applied Materials Inc AMAT
Applied Materials Inc. experienced a decline of 0.36% to close at $154.81. The stock fluctuated between a high of $157.76 and a low of $151.2 during the day, while its 52-week range is between $157.76 and $93.68. The company reported fiscal fourth-quarter financial results with a revenue of $6.72 billion and earnings of $2.12 per share, surpassing analyst estimates.
Alibaba Group Holding Limited BABA
Alibaba’s stock fell by 9.14% to close at $79.11. The intraday trading saw the stock reaching a high of $80.77 and a low of $78.23, with a 52-week range of $121.3 to $74.58. The company’s earnings per ADS of $2.14 beat consensus, driven by robust growth in its various segments.
Walmart Inc WMT
Walmart Inc’s shares declined by 8.09% to $156.04. The stock’s high and low for the day were $159.45 and $155.5, respectively, with a 52-week range of $169.94 to $136.09. The retail giant reported a 5.2% year-over-year sales growth to $160.8 billion in its third-quarter FY24.
Gap Inc GPS
Gap Inc. saw a decrease of 2.84% in its stock, closing at $13.67. The stock traded between $13.93 and $13.43 during the day, with a 52-week high and low of $15.49 and $7.22. The company reported third-quarter earnings of 59 cents per share, surpassing analyst expectations.
Tesla Inc TSLA
Tesla’s stock closed at $233.59, down 3.81%. It ranged between $240.88 and $230.96 in the day’s trading, with a 52-week high and low of $299.29 and $101.81. The electric vehicle maker saw its shares trading lower following recent market trends and CPI data.
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