The US stock market experienced a slight downturn on Thursday, following the release of a higher-than-anticipated Consumer Price Index (CPI) inflation report for September. This news, coupled with a surge in oil prices caused by disruptions from Hurricane Milton and escalating tensions in the Middle East, weighed on investor sentiment.
The S&P 500, Dow Jones Industrial Average, and the tech-heavy Nasdaq 100 all mirrored the decline, falling 0.2%, 0.1%, and 0.05% respectively. Despite the overall market dip, several individual stocks attracted attention from retail traders and investors.
Tesla Inc. (TSLA) closed the day down 0.95% at $238.77. The electric vehicle giant is expected to unveil its dedicated robotaxi product later on Thursday at an event in Los Angeles, according to a Benzinga report. Uber Technologies Inc. (UBER) saw a marginal rise of 0.06% to close at $77.92. The ride-hailing company is working towards becoming a zero-emission platform by 2040, implementing measures like an AI assistant on the driver app to assist with EV-related queries as Tesla prepares to launch its robotaxi product.
Advanced Micro Devices Inc. (AMD) shares traded lower by 4.00% to close at $164.18. The company hosted its “Advancing AI 2024” event, showcasing several new high-performance computing solutions. Aehr Test Systems (AEHR) shares climbed 0.68% to close at $13.32 after the company reported better-than-expected first-quarter financial results.
Toronto-Dominion Bank (TD) shares faced a significant drop, falling 5.29% to close at $59.44. The bank agreed to pay approximately $3.09 billion in fines to US authorities after pleading guilty to money laundering-related charges.
