The US stock market closed with mixed results on Wednesday. While the Dow Jones Industrial Average fell by 0.7% to 41,914.75 and the S&P 500 dipped by 0.2% to 5,722.26, the Nasdaq saw a slight increase of 0.04% to 18,082.21.
Several stocks captured the attention of retail traders and investors throughout the day. Meta Platforms Inc. (META) saw a 0.88% rise in its stock price, closing at $568.31. The stock’s intraday high and low were $576.88 and $563.72, respectively. The company’s CEO, Mark Zuckerberg, announced several new product developments at the Meta Connect 2024 event, highlighting a future where computing and human connection are intertwined.
DraftKings Inc. (DKNG) shares also saw a significant increase of 5.01%, closing at $41.10. The stock’s intraday high and low were $41.98 and $40.16, respectively. This gain is likely attributed to the positive guidance issued by Flutter Entertainment, a company operating in the same sector as DraftKings, for the year 2027.
Costco Wholesale Corporation (COST) shares rose by 0.76% to close at $908.42. The stock’s intraday high and low were $910.36 and $901.13, respectively. Investors anticipate the company to shed light on the recent membership fee increase and its impact on guidance during the fourth-quarter financial results announcement.
Micron Technology Inc. (MU) shares gained 1.88%, closing at $95.77. The stock’s intraday high and low were $96.18 and $93.93, respectively. The company reported fourth-quarter revenue of $7.75 billion, exceeding the consensus estimate. The adjusted earnings also surpassed analyst expectations.
Tesla Inc. (TSLA) shares closed up 1.08% at $257.02. The stock’s intraday high and low were $257.05 and $252.28, respectively. Tesla’s return to the Paris Motor Show in October is anticipated to be a significant event for the electric vehicle sector and investors.
