Investors faced a rollercoaster ride on the stock market today, reacting to a series of events that could significantly impact stock values and various sectors in the coming weeks. The S&P 500 and Nasdaq indices bore the brunt of the volatility, influenced by geopolitical tensions in the Middle East, the lingering effects of Hurricane Helene, and ongoing port strikes that continue to disrupt trade. The major indices ended the day in the red, with the Dow Jones Industrial Average slipping 0.4% to 42,156.97, the S&P 500 falling 0.9% to 5,708.75, and the Nasdaq closing down 1.5% at 17,910.36.
Here are the top stocks that caught the attention of retail traders and investors throughout the day:
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Tesla Inc. (TSLA)
closed down 1.38% at $258.02, with an intraday high of $263.98 and low of $248.53. Tesla’s recent 24% monthly surge sets the stage for a pivotal October, with analysts keenly watching the upcoming Robotaxi event on October 10th. This event is anticipated to bring substantial updates on full self-driving and autonomous vehicles. Key announcements regarding operating costs, scaling, and potential new models could shape Tesla’s future trajectory.*
Amazon.com Inc. (AMZN)
ended the day down 0.64% at $185.13. The tech giant’s stock was affected by the ongoing dockworkers strike, which could potentially disrupt holiday shopping and cost the economy $540 million daily. Tech giants are bracing for potential disruptions that may affect East Coast ports.*
Nike Inc. (NKE)
closed up 0.83% at $89.13. The company’s shares rose despite missing revenue estimates in its first-quarter financial results.*
Walmart Inc. (WMT)
ended the day up 0.64% at $81.27. The retail giant’s stock was influenced by the company’s CEO Douglas McMillon selling 29,124 shares of Walmart, as revealed in a recent SEC filing.*
Alibaba Group Holding Limited (BABA)
closed up 6.24% at $112.74. The company’s shares surged amidst speculation about Alibaba’s divestment of its stake in Sun Art Retail Group.Stay tuned for further market updates and analysis as these events unfold and continue to shape the investment landscape.
