Amazon, Apple, Block, Intel, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Author: Benzinga Neuro | August 02, 2024 12:31am

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. (NASDAQ: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. (NASDAQ: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 China and Services performance as well as Mac revenue modestly trailing expectations.

Block Inc. (NYSE: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 (NASDAQ: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. (NASDAQ: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.

Photo by Jirapong Manustrong on Shutterstock

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

Posted In: $BTC AAPL AMZN INTC SQ TSLA