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Amazon, Apple, Block, Intel, Tesla: Why These 5 Stocks Are On Investors' Radars Today
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Amazon, Apple, Block, Intel, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Aug 1, 2024 9:53 PM

On Thursday, major U.S. indices closed lower, with the Dow Jones Industrial Average falling 1.2% to 40,347.97, and the S&P 500 decreasing by 1.4% to 5,446.68. The Nasdaq experienced a notable drop of 2.3%, ending at 17,194.15.

These are the top stocks that gained the attention of retail traders and investors throughout the day:

Amazon.com Inc. ( AMZN )

Amazon’s stock dipped by 1.56% to close at $184.07. The e-commerce giant reported a 10% year-over-year increase in second-quarter net sales, totaling $148 billion, but fell short of the Street consensus estimate of $148.56 billion.

Apple Inc. ( AAPL )

Apple’s shares fell 1.68% to $218.36, despite reporting third-quarter earnings that exceeded expectations and revenue that grew year-over-year. The stock weakness is apparently due to Apple's ( AAPL ) China and Services performance as well as Mac revenue modestly trailing expectations.

Block Inc. ( SQ )

Block’s shares dropped by 3.20% to $59.90 after the company reported its second-quarter financial results. The Bitcoin (CRYPTO: BTC)-centric company reported quarterly earnings of 31 cents per share, missing the analyst consensus estimate of 34 cents by 8.82%.

Intel Corp ( INTC )

Intel’s shares plunged 5.50% to $29.05 after the company reported its second-quarter financial results. The company reported quarterly earnings of 2 cents per share, missing the analyst consensus estimate of 10 cents by 80%.

Tesla Inc. ( TSLA )

Tesla’s shares fell 6.55% to $216.86. The company announced that it has produced its 10 millionth drive unit across all of its factories.

Prepare for the day’s trading with top premarket movers and news by Benzinga.

Read Next: US Army Halts Pay for Soldier Imprisoned in Russia — Senior Defense Official: Consequences For ‘Unacceptable Behavior’ Will Mirror Those Faced By Private That Entered Kim Jong Un’s North Korea

This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal

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