The major U.S. stock market indices closed in positive territory on Friday, with the Dow Jones Industrial Average gaining 0.15% to finish at 42,124.65. The S&P 500 climbed nearly 0.3% to 5,718.57, while the Nasdaq also edged up, rising about 0.1% to 17,974.27.
Several stocks caught the attention of retail traders and investors throughout the day. Among them, GameStop Corp. (GME) shares rose by 2.11% to close at $22.31. This positive performance followed the company’s announcement of the completion of its at-the-market offering program, a move that has sparked renewed interest among investors.
Tesla, Inc. (TSLA) shares surged by a significant 4.93% to close at $250. This surge in Tesla’s stock price can be attributed to investor anticipation surrounding the company’s upcoming third-quarter delivery figures and the release of its highly anticipated robotaxi. Barclays analyst Daniel Levy anticipates Tesla deliveries to exceed the consensus estimate of 460,000.
Meanwhile, Trump Media & Technology Group Corp. (DJT) shares faced a downturn, plunging by 10.33% to close at $12.15. This decline followed the expiration of a major lockup period, which allowed large shareholders, including Donald Trump himself, to sell shares if they wished. Despite Trump’s repeated assurances that he would not be selling his shares, the stock’s performance was negatively impacted by this potential for selling pressure.
Alibaba Group Holding Limited (BABA) shares climbed 2.04% to close at $90.09. This positive movement was driven by the company’s cloud computing unit’s strategic partnership with Nvidia Inc. to enhance autonomous driving capabilities for Chinese electric vehicle (EV) manufacturers. This partnership is seen as crucial amid U.S. sanctions that restrict access to advanced semiconductor chips.
Snowflake Inc. (SNOW) shares, on the other hand, experienced a dip of 2.71% to close at $113.26. The company’s announcement of a $2 billion private placement of senior convertible notes led to this decrease in the company’s stock price.
