Thursday’s trading session in the US markets presented a mixed bag for investors. While the Dow Jones Industrial Average closed down 0.4% at 42,011.59, the S&P 500 managed to stay relatively flat, ending the day almost 0.2% lower at 5,699.94. The NASDAQ also experienced a slight dip, closing at 17,918.48, down 0.04%.
Despite the overall muted performance, several individual stocks grabbed headlines. Palantir Technologies Inc. (PLTR) was a standout performer, closing the day up 4.67% at $39.24. The stock’s surge could be attributed to two key factors: a newly announced strategic partnership with Edgescale AI, aimed at enhancing AI operations across various industrial sectors, and the completion of Palantir co-founder Peter Thiel’s share selling plan initiated in May.
In contrast, Amazon.com Inc. (AMZN) saw its shares decline by 1.52%, closing at $181.96. This downturn was likely influenced by reports suggesting Amazon’s plans to increase advertising on its Prime Video platform starting next year. This strategy aligns with Amazon’s broader objective of strengthening its ad-supported streaming services.
Meta Platforms Inc. (META), the social media giant, experienced a positive day, with its shares climbing 1.74% to end at $582.77. The company’s efforts to boost monetization for its platform users seem to be paying off, as they have disbursed over $2 billion to content creators this year.
Spirit Airlines Inc. (SAVE) witnessed a significant drop, closing at $2.24, down 3.45%. The budget airline is currently in discussions with bondholders concerning the terms of a potential bankruptcy filing, a consequence of its failed merger with JetBlue Airways Corporation (JBLU).
Finally, Tesla Inc. (TSLA) saw its shares fall 3.35%, closing at $240.67. However, despite this decline, the electric vehicle manufacturer reported positive news in the form of its third-quarter delivery figures, showing year-over-year growth.
Overall, Thursday’s trading session showcased a diverse landscape, with individual companies experiencing varying levels of success based on specific news and developments.
