Wednesday's Market Performance and Top Stock Movers
Wednesday's trading session saw a mixed performance across major U.S. indices. The Dow Jones Industrial Average dipped slightly by 0.1%, while the S&P 500 experienced marginal growth of 0.02%. The Nasdaq, on the other hand, saw a modest increase of 0.1%.
Meta Platforms: Despite higher costs and guidance, the company reported a 27% year-over-year increase in first-quarter revenue, beating analyst expectations. However, its stock price closed the day down 0.52%.
Shares initially rose following the passage of a bill targeting TikTok, but later pulled back, ending the day down 2.72%.
The company launched a new affordable grocery delivery subscription for Prime members and EBT customers. However, its stock price closed down 1.64%.
Despite missing the consensus estimate for first-quarter revenue, the company's stock price ended the day up 1.05%.
Despite missing analyst estimates for the first quarter, Tesla shares soared 12.06% following the company's quarterly report.
These are just a few of the stocks that made headlines on Wednesday. For more information on premarket movers and news, please refer to Benzinga's resources.