Investors faced a turbulent day in the stock market, reacting to a series of events that could potentially impact the values of stocks and sectors in the coming weeks. The S&P 500 and Nasdaq indices were hit by geopolitical tensions in the Middle East, the aftermath of Hurricane Helene, and ongoing port strikes.
Major indices closed the day lower, with the Dow Jones Industrial Average falling 0.4% to 42,156.97 and the S&P 500 falling 0.9% to 5,708.75. The Nasdaq closed Tuesday down 1.5% at 17,910.36.
Here are the top stocks that caught the attention of retail traders and investors throughout the day:
Tesla Inc. TSLA It closed down 1.38% at $258.02, with an intraday high of $263.98 and a low of $248.53. Tesla's recent 24% monthly rise sets the stage for a crucial October, with analysts closely watching the upcoming Robotaxi event on October 10, which is expected to bring significant updates on fully autonomous and self-driving vehicles. Key announcements on operating costs, scaling and possible new models could shape Tesla's next chapter.
Amazon.com Inc. AMZN ended the day down 0.64% at $185.13. The tech giant's shares were hit by a dockworker strike that could disrupt Christmas shopping and cost the economy $540 million a day. Tech giants are preparing for potential disruptions that could impact East Coast ports.
See also: Nvidia Stock Could Hit $800 by 2030, BGG Exec Predicts 550% Rise Driven by AI Revolution and Web3 Transition
Nike Inc. OF It closed up 0.83% at $89.13. The company's shares rose even though it missed revenue estimates in its first-quarter financial results.
Walmart Inc. WMT It ended the day up 0.64% at $81.27. The retail giant's actions were influenced by the company's CEO. Douglas McMillon selling 29,124 Walmart shares, as revealed in a recent SEC filing.
Alibaba Group Holding Limited SLIME It closed up 6.24% at $112.74. The company's shares rose amid speculation about the sale of its stake in Alibaba. Sun Art Retail Group.
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This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal
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