The U.S. stock market concluded Tuesday with a mixed bag of results. While the Dow Jones Industrial Average remained virtually unchanged at 42,924.89, the S&P 500 dipped slightly by 0.05% to 5,851.20. The Nasdaq, however, closed on a positive note, gaining 0.2% to finish at 18,573.13. Despite the overall market performance, a handful of stocks managed to capture the attention of retail traders and investors alike. Here’s a look at the top five trending stocks of the day:
Trump Media & Technology Group Corp. (DJT)
Shares of Trump Media & Technology Group Corp. surged by 9.87% to close at $34.39. This surge followed the launch of its Truth+ streaming app for Android TVs, now available on the Google Play Store. The app boasts a diverse range of programming, attracting significant attention from investors eager to see the company’s foray into the streaming market.
McDonald’s Corp. (MCD)
McDonald’s Corp. shares saw a slight decline of 0.06% to $314.69. The dip came amidst news from the U.S. Centers for Disease Control and Prevention (CDC) linking an E. coli outbreak to the company’s Quarter Pounder burgers. The CDC is actively investigating the outbreak, which could impact consumer confidence and, consequently, McDonald’s sales in the coming days.
Starbucks Corp. (SBUX)
Starbucks Corp. shares rose by 0.38% to $96.82 despite the company reporting weak preliminary results and suspending its guidance. The coffee giant is anticipating a decline in consolidated net revenues and global comparable sales. This news, while initially concerning, seems to have had a muted impact on the stock price, perhaps due to investors anticipating a turnaround strategy or believing in the long-term growth potential of the company.
Philip Morris International Inc. (PM)
Philip Morris International Inc. saw a significant increase in its stock price, rising by 10.47% to $131.41. The company reported better-than-expected third-quarter earnings, with revenue of $9.91 billion, up 8.4% year over year. This strong performance indicates a healthy growth trajectory for the tobacco giant and has undoubtedly attracted investors seeking solid financial returns.
Tesla Inc. (TSLA)
Tesla Inc.’s shares dipped slightly by 0.40% to $217.97. The company is expected to address key topics such as its sub-$30,000 vehicle and the rollout timeline for its robotaxi when it reports its third-quarter financial results after market close on Wednesday. Investors are eagerly awaiting these updates, which could potentially impact the stock’s future performance.
