A Mixed Bag
Wednesday's trading session saw a mixed performance across major U.S. indices. The S&P 500 remained relatively flat, closing at 5,187.67. The Nasdaq experienced a slight decline of 0.2%, settling at 16,302.76. Meanwhile, the Dow Jones Industrial Average bucked the trend, climbing 0.4% to reach 39,056.39.
Top Stocks in Focus
Nvidia: The chipmaker's shares fell by 1.60% to close at $106.07. Despite the decline, the company reported better-than-expected fourth-quarter results, with earnings of 36 cents per share, exceeding analyst expectations by 20%.
The trading platform's stock dipped by 0.78% to close at $17.85. However, Robinhood reported record first-quarter revenue of $618 million, a 40% year-over-year increase that surpassed Street consensus estimates.
The hospitality company's shares fell by 1.20% to close at $157.90. Despite the decline, Airbnb reported an 18% year-over-year increase in first-quarter revenue to $2.14 billion, exceeding analyst expectations.
The e-commerce platform's stock plunged by 18.59% to close at $62.73. While the company reported a 23% year-over-year growth in first-quarter revenue to $1.86 billion, exceeding consensus estimates, the stock price took a hit following reports of a U.S. investigation into Tesla's self-driving technology.
The electric vehicle manufacturer's shares slid by 1.74% to close at $174.72. The decline came amidst reports that U.S. prosecutors are investigating whether Tesla misled investors and customers about its self-driving technology.
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