Breaking News | FFIE Once Surges Over 60%; WMT Continues to Rise, Approaching 7%; GME and AMC Sharply Decline
M+ Global Updates 16/05/2024 22:13

The US stock market continued its upward trend, with the Dow Jones Industrial Average $Dow Jones Industrial Average DJI$ rising by 0.05%, the S&P 500 $S&P 500 index SPX$ increasing by 0.08%, and the Nasdaq index $NASDAQ IXIC$ going up by 0.07%.

Walmart's $Wal-Mart Stores, Inc. WMT$ stock price surged by nearly 7% in early Thursday trading, following the retail giant's announcement of better-than-expected quarterly performance.

Among notable tech stocks, $Intel Corporation INTC$ rose by 1%, while Tesla $Tesla Motors, Inc. TSLA$ and $NVIDIA Corporation NVDA$ dropped.

Stocks associated with the WSB concept showed a general decrease in momentum, with GameStop $GameStop Corp. Class A GME$ falling by nearly 14%, AMC Entertainment $AMC Entertainment Holdings, Inc. Class A AMC$ dropping by nearly 7%, and BlackBerry declining by over 3%.

Meanwhile, Faraday Future $FARADAY FUTURE INTELLIGENT ELEC INC FFIE$ saw a surge in early trading today, rising by over 60% and briefly surpassing $1 per share, triggering a temporary trading halt. This came after two consecutive days of soaring by over 1000%. AS of the time of writing, its stock rose by 50%.


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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