Major U.S. indices closed higher on Wednesday, with the Dow Jones Industrial Average and the S&P 500 each gaining nearly 0.2% to reach 44,627.59 and 6,144.15, respectively. The Nasdaq inched up 0.07% to finish at 20,056.25.

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

Palantir Technologies Inc. ( PLTR )

Palantir Technologies ( PLTR ) saw its stock drop by 10.08%, closing at $112.06. The stock reached an intraday high of $125.41 and a low of $108.56, with a 52-week range between $20.33 and $125.41. The decline followed the Trump administration’s directive for the Pentagon to prepare for significant budget cuts, which could impact defense-related stocks like Palantir ( PLTR ). The Pentagon’s budget cuts are expected to be 8% annually over the next five years.

Carvana Co. ( CVNA )

Carvana’s stock decreased by 0.95%, closing at $281.82. The stock’s intraday high was $292.84, with a low of $280.20, and it has a 52-week range from $48.15 to $292.84. The dip came despite Carvana ( CVNA ) reporting a strong fourth-quarter performance, with revenue of $3.55 billion, surpassing estimates. The company also reported earnings of 56 cents per share, beating expectations.

Enovix Corporation ( ENVX )

Enovix ( ENVX ) saw a slight increase of 0.27%, closing at $11.19. The stock reached an intraday high of $11.42 and a low of $10.76, with a 52-week range between $5.70 and $18.68. The company reported fourth-quarter revenue of $9.72 million, exceeding expectations. However, soft guidance for future quarters tempered investor enthusiasm.

Grab Holdings Ltd. ( GRAB )

Grab Holdings’ stock rose by 0.75%, closing at $5.34. The stock’s intraday high was $5.37, with a low of $5.10, and it has a 52-week range from $2.98 to $5.72. The company’s shares have seen an upside after Singapore’s 2025 budget announcement as a 50% corporate income tax rebate could help businesses deal with rising costs.

Tesla, Inc. ( TSLA )

Tesla’s stock increased by 1.82%, closing at $360.56. The stock reached an intraday high of $367.34 and a low of $353.67, with a 52-week range between $138.80 and $488.54. The rise follows news of Tesla’s expansion plans in India, as the company seeks to hire talent to support its growth in the region.

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

Image via Shutterstock

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