The U.S. stock market experienced a positive close on Tuesday, with major indices showing gains. The Dow Jones Industrial Average climbed 0.3% to finish at 42,090.37, the S&P 500 gained nearly 1% to reach 5,751.13, and the Nasdaq surged 1.45% to close at 18,182.92.
Several stocks caught the attention of retail traders and investors throughout the day, with some experiencing notable fluctuations. Here’s a breakdown of the key movers:
Palantir Technologies Inc. (PLTR):
Palantir’s stock skyrocketed by 6.58%, closing at $41.45 after hitting an intraday high of $41.49. This surge was attributed to Ark Invest’s recent focus on software companies like Palantir, which they see as potential beneficiaries of the growing AI boom and poised to gain market share from tech giants.
Roblox Corporation (RBLX):
Roblox’s shares took a downturn, dipping by 2.13% to close at $40.51. The stock hit an intraday low of $37.5. This decline was triggered by a short report from Hindenburg Research, accusing the gaming platform of inflating key user metrics.
The Boeing Company (BA):
Boeing’s stock slipped by 0.81%, closing at $154.65, with an intraday low of $154.14. The drop came after the FAA issued a safety alert regarding a potential rudder system jam in Boeing 737 airplanes.
Robinhood Markets Inc. (HOOD):
Robinhood’s shares surged by 9.82%, closing at $25.61, after hitting an intraday high of $25.8. This surge comes amid analyst predictions of strong third-quarter performance for exchange and trading companies.
Tesla Inc. (TSLA):
Tesla’s stock saw a modest rise of 1.52%, closing at $244.5 after reaching an intraday high of $246.21. This increase comes ahead of Tesla’s upcoming Robotaxi event, despite a Pew Research survey revealing that 63% of American adults would not ride in a driverless vehicle.
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