2 weeks Ago By Benzinga Neuro
The US stock market experienced a downward trend on Thursday, with both the Nasdaq Composite and the S&P 500 indices falling by nearly 0.6% respectively. The Dow also traded down by 0.
5% to 43,750.86. This came amidst news of a 0.
2% rise in U.S. producer prices for October.
Federal Reserve Chair Jerome Powell highlighted the resilience of the U.S. economy, suggesting there's no rush to lower rates , though future decisions will be data-driven.
The equity markets had a negative reaction to Powell’s comments. These are the top stocks that gained the attention of retail traders and investors throughout the day: Palantir Technologies Inc PLTR Palantir’s shares closed down 2.50% at $59.
18, with an intraday high of $61.17 and a low of $58.53.
The stock’s 52-week high and low stand at $63.39 and $15.66 respectively.
The company announced it will transfer its stock listing to the Nasdaq , expected to commence on Nov. 26. Moderna Inc MRNA Moderna’s stock fell by 5.
62% to close at $39.77. The shares traded between $42.
06 and $38.76 through the day, with a 52-week range of $170.47 and $38.
76. The appointment of vaccine skeptic Robert F. Kennedy Jr.
as Health Secretary by President-elect Donald Trump sent vaccine stocks lower. See Also: Elizabeth Warren’s Sarcastic Take On DOGE’s Split Leadership Gets Slammed By Elon Musk: ‘Unlike You, Neit Pfizer Inc PFE Pfizer’s shares closed down 2.62% at $26.
02, with an intraday high of $26.85 and a low of $25.84.
The 52-week high and low for the stock are $31.54 and $25.2 respectively.
The stock was affected by the same news as Moderna. Alibaba Group Holding Ltd BABA Alibaba’s shares fell by 1.54% to close at $90.
58. The stock hit an intraday high of $91.56 and a low of $90.
01. The 52-week range for the stock is $117.82 and $66.
63. The company is set to unveil its second-quarter earnings on Friday, amidst a challenging macroeconomic environment and increased competition. Tesla Inc TSLA Tesla’s shares fell by 5.
77% to close at $311.18. The shares traded between $329.
98 and $310.37 through the day, with a 52-week range of $358.64 and $138.
8. Investment veteran Gary Black warned that Tesla’s earnings could be hit hardest if the $7,500 federal electric vehicle tax credit is eliminated. Image via Shutterstock Prepare for the day’s trading with top premarket movers and news by Benzinga.
Read Next: Bitcoin, Ethereum Consolidate, Dogecoin Surges As Election Rally Takes A Breather: Analyst Says Pullback ‘Typical’ For Healthy Market This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal © 2024 Benzinga.com. Benzinga does not provide investment advice.
All rights reserved..
