Breaking News | AMC(+95%), GameStop(+72%), Plug Power(+42%), Tencent Holdings ADR(5%), While Alibaba(-7%)
M+ Global Updates 14/05/2024 22:13

As of the time of writing, the three major indices saw modest gains, with the Dow Jones Industrial Average $Dow Jones Industrial Average DJI$ up by 0.25%, the S&P 500 $S&P 500 index SPX$ up by 0.17%, and the Nasdaq Composite $NASDAQ IXIC$ up by 0.17%.

Among the tech stocks, there were mixed movements, with Tesla $Tesla Motors, Inc. TSLA$ rising by over 2%, Apple $Apple Inc. AAPL$ increasing by nearly 1%, and Nvidia and Amazon dropping by nearly 1%.

Stocks associated with the WallStreetBets (WSB) concept continued to soar, with AMC Entertainment $AMC Entertainment Holdings, Inc. Class A AMC$ rising by over 95%, GameStop $GameStop Corp. Class A GME$ increasing by nearly 72%, and BlackBerry $BlackBerry Limited BB$ gaining 17%.

Alibaba $Alibaba Group Holding Ltd. Sponsored ADR BABA$ dropped by nearly 7% after reporting a fourth-quarter revenue of 221.874 billion yuan, a 7% increase year-over-year.

Plug Power $Plug Power Inc. PLUG$ surged by over 42% after the company received a conditional commitment from the US Department of Energy to provide loan guarantees of up to $1.66 billion for the construction of six green hydrogen production facilities.

Tencent Holdings ADR $TCEHY rallied, rising by over 5%, after reporting an adjusted net profit of CNY50.265 billion in the first quarter, a 54% year-over-year increase.


The content is provided as general information only and should not be taken as investment advice. All the contents shall not be taken as a recommendation to buy or sell any security or financial instruments. Any action you take resulting from information, analysis, or commentary on this article is your responsibility. Please consult your investment advisor before making any investments.

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