Mixed Reactions from Investors : Apple's iPhone 15 Launch and Stock Trends

Mixed Reactions from Investors : Apple’s iPhone 15 Launch and Stock Trends

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As the trading day drew to a close, US stock markets displayed a mixed performance. The Nasdaq Composite, heavily weighted with tech stocks, experienced a significant dip, shedding more than 140 points on Tuesday, closing at 13,773.61. Conversely, the Dow Jones Industrial Average saw a minor decline of 0.05%, settling at 34,645.99, while the S&P 500 also ended in negative territory, experiencing a 0.57% decrease to finish at 4,461.90.

 

Here’s a breakdown of the notable stocks that captured the attention of both retail traders and investors throughout the day:

 

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Apple Inc. (NASDAQ:AAPL)

Apple’s stock performance for the day left much to be desired, as it declined by 1.71%, closing at $176.30. The stock reached an intraday high of $180.13 and a low of $174.82. Its 52-week trading range spans from a high of $198.23 to a low of $124.17. The lackluster reaction following Apple’s much-anticipated Wonderlust Event 2023 suggests a lukewarm reception to the company’s new product unveilings by the market.

 

WeWork Inc. (NASDAQ:WE)

WeWork’s shares surged by an impressive 86.36%, closing at $5.74. The stock reached an intraday high of $6.72, with a low of $3.01. Over the past 52 weeks, the stock has seen a wide range, from a high of $176.40 to a low of $2.61. Despite the absence of any specific company news, WeWork’s shares soared, with the company gaining popularity as a “meme stock” among retail investors.

 

Exxon Mobil Corp (NYSE:XOM)

Exxon Mobil’s shares rose by 2.89%, closing at $117.49. Intraday movements saw the stock reach a high of $117.67 and a low of $115.27. Its 52-week range spans from $119.92 to $83.89. The increase in Exxon Mobil’s stock is attributed to OPEC’s maintained growth forecasts and the projection of a supply shortfall in global oil markets.

 

Adobe Inc. (NASDAQ:ADBE)

Adobe’s shares experienced a decline of 3.95%, settling at $542.21. The stock reached an intraday high of $559.09, with a low of $540.37. Over the past year, the stock has fluctuated between a high of $570.24 and a low of $274.73. Despite recent strength in Adobe’s stock, it pulled back, possibly in anticipation of the company’s upcoming third-quarter earnings report.

 

Tesla Inc. (NASDAQ:TSLA)

Tesla’s shares declined by 2.23%, closing at $267.48. The stock reached an intraday high of $278.39 and a low of $266.60. Its 52-week trading range extends from $313.80 to $101.81. Tesla’s recent foray into supercomputing with the Dojo supercomputer has garnered significant attention from Wall Street, with Morgan Stanley analysts predicting a substantial increase in the company’s market value.

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