The U.S. stock market saw an upward trend today, with significant gains across the S&P 500 and the Nasdaq. The tech-heavy Nasdaq Composite climbed over 240 points, marking a 1.2% increase to close at 19,864.98. The S&P 500 also experienced a rise, gaining 0.55% to end at 5,975.38. Meanwhile, the Dow Jones Industrial Average declined slightly by 0.06% to 42,706.56.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Meta Platforms Inc. (NASDAQ:META)
Meta's stock surged by 4.23%, closing at $630.20. The stock reached an intraday high of $630.99 and a low of $605.62, with a 52-week range of $352.05 to $638.40. The rise comes as UFC CEO Dana White joined Meta's board of directors. Previously, White had attempted to organize a charity cage fight between Elon Musk and Mark Zuckerberg.
Trump Media & Technology Group Corp. (NYSE:DJT)
Trump Media's shares rose by 4.48%, closing at $36.17. The stock hit an intraday high of $36.70 and a low of $35.08, with a 52-week range of $22.55 to $79.38. The increase follows news of the confirmation of Donald Trump by Congress on Monday. His principal rival during the election, Kamala Harris, presided over the congressional session.
FuboTV Inc. (NYSE:FUBO)
FuboTV's shares skyrocketed by 253.85%, closing at $5.06. The stock reached an intraday high of $5.30 and a low of $3.05, with a 52-week range of $1.10 to $5.30. This dramatic rise follows the announcement of a merger with Disney's Hulu + Live TV. The combined entity will be majority-owned by Disney, holding 70% of the venture.
Enovix Corp. (NASDAQ:ENVX)
Enovix's stock fell by 1.58%, closing at $12.46. The stock saw an intraday high of $13.03 and a low of $12.20, with a 52-week range of $5.70 to $18.68. The decline comes despite the completion of site acceptance testing for its Fab2 manufacturing line in Malaysia. The company plans to start mass production later this year.
Tesla Inc. (NASDAQ:TSLA)
Tesla's stock edged up by 0.15%, closing at $411.05. The stock reached an intraday high of $426.43 and a low of $401.70, with a 52-week range of $138.80 to $488.54. Analyst Stephen Gengaro has raised the price target for Tesla, citing the potential for robust multi-year growth due to upcoming vehicle models and Full Self-Driving licensing opportunities.
Prepare for the day's trading with top premarket movers and news by Benzinga.
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This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal