The U.S. stock market experienced a downturn on Thursday, with major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq all recording losses. The Dow closed down 0.4% at 40,712.78, the S&P 500 dipped 0.9% to 5,570.64, and the Nasdaq saw a more significant drop of 1.7%, ending the day at 17,619.35. This downturn, however, did not deter investors from focusing on specific companies, with several stocks attracting significant attention throughout the day.
Nvidia Corporation (NVDA)
saw its shares fall by 3.70% to close at $123.74. The stock fluctuated within an intraday range of $130.75 (high) and $123.1 (low). The company’s 52-week high and low stand at $140.76 and $39.23, respectively. Nvidia recently announced a collaboration with Taiwanese rail kit supplier Nan Juen International Co for its GB200 artificial intelligence servers, marking Nan Juen’s entry into Nvidia’s supply chain.
Trump Media & Technology Group Corp (DJT)
, the company behind the social media platform Truth Social, experienced a 6.20% drop in its stock price, closing at $22.70. The stock traded between $25.08 (high) and $22.67 (low) during the day. Its 52-week high and low are $79.38 and $22.55. The stock’s volatility can be attributed to the upcoming 2024 Presidential campaign gaining momentum.
Faraday Future Intelligent Electric Inc. (FFIE)
experienced a surge in its share price, soaring by 123.96% to close at $8.04. The stock reached an intraday high of $8.89 and a low of $3.27. This dramatic increase in price, despite a lack of company-specific news, has been attributed to chatter across social media platforms like Stocktwits and Yahoo Finance. The stock’s volatility is also potentially influenced by the recent NTSB investigation into a Tesla Semi crash and the delays in the rollout of Full Self-Driving technology for the Cybertruck.
CAVA Group, Inc. (CAVA)
, the fast-casual Mediterranean restaurant chain, saw its shares fall slightly by 0.87% to close at $101.98. The stock traded within an intraday range of $104.84 (high) and $101.8 (low). CAVA recently reported its second-quarter earnings, surpassing analyst expectations by 7% and showcasing a 35.05% increase from the same period last year.
Tesla, Inc. (TSLA)
, the electric vehicle giant, experienced a more significant drop of 5.65%, closing at $210.66. The stock traded between $224.8 (high) and $210.32 (low) during the day. Tesla’s share price decline is attributed to a combination of broader industry developments and company-specific issues.
Post Views: 4
