On Thursday, the major U.S. stock indexes closed higher, with the Dow Jones Industrial Average up 1.4% to 40,563.06, the S&P 500 rising 1.6% to 5,543.22 and the Nasdaq adding 2.3% to 17,594.50.
Below are the top stocks that captured the attention of retail traders and investors throughout the day.
Amazon.com
Amazon shares rose 4.40% to close at $177.59. The company's stock benefited from strong consumer spending data and an upbeat outlook for Walmart. Amazon shares were also boosted by the latest data showing retail sales rose 1% in July compared to the previous month, beating economists' expectations.
AST Space Mobile Co., Ltd.ASTS
AST SpaceMobile shares rose 50.70% to close at $31.36 following the company's second-quarter earnings report. Despite reporting a larger-than-expected loss, the company revealed plans to launch five satellites in early September.
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Singrate Co., Ltd. CING
Cingulate's shares rose 159.46% to close at $4.80 following the company being granted a European patent for its lead product CTx-1301, used to treat Attention Deficit Hyperactivity Disorder (ADHD). The patent expands Cingulate's intellectual property portfolio to up to 30 European territories.
Applied Materials AMAT
Applied Materials shares rose 5.06% to close at $211.83 after the company reported third-quarter earnings that beat analyst expectations for both revenue and EPS. This marks the ninth consecutive quarter that Applied Materials has beaten analyst expectations.
Tesla Inc. TSLA
Tesla shares rose 6.34% to close at $214.14 as the stock benefited from better-than-expected retail sales figures, which suggest stronger consumer demand and confidence and could bolster expectations of higher auto sales.
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This story was produced by Benzinga Neuro and edited by Shivdeep Dhaliwal.
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