10 Top-Traded US Stocks for Wednesday (6/23)
The $S&P 500 Index(.SPX.US$ snapped a two-day winning streak Wednesday, closing the regular session 0.1% lower. The $Dow Jones Industrial Average(.DJI.US$ also shed 71.34 points, or 0.2%. Meanwhile, the $Nasdaq Composite Index(.IXIC.US$ gained 0.1% to squeeze out another record closing high.
Energy stocks rose as oil prices keep rising, outpacing other sectors
Eight out of 11 S&P 500 sectors closed in the red, led by utilities, which dropped 1.1%. However, energy names like $Exxon Mobil(XOM.US$, $Occidental Petroleum(OXY.US$ and $Devon Energy(DVN.US$ rose as oil prices continued to climb. Technology names like $Tesla(TSLA.US$ and $Netflix(NFLX.US$ also closed higher.
Despite Wednesday's hiccup, the three major indexes are up more than 1% this week, rallying from a sell-off last week after the Federal Reserve heightened inflation expectations and forecast rate hikes as soon as 2023.
Comments from Fed Chair Jerome Powell during a Congressional testimony Tuesday reiterated that inflation pressures should be temporary, which seemed to soothe market sentiment.
10 top-traded US stocks for Wednesday
$Tesla(TSLA.US$ stocks were up 5.27% during the session. According to Cars.com's annual American Made Index, Tesla Model 3 is the most American-made car, which is the first time an EV took the top spot, and Model Y ranks third.
$Amazon(AMZN.US$ dropped slightly and closed at 0.05% lower. For the second year, Amazon said merchants' Prime Day sales grew more than its own retail business. Small businesses got $1.9 billion from pre-Prime Day promotions.
$Apple(AAPL.US$, $AMC Entertainment(AMC.US$, $NVIDIA(NVDA.US$, $Microsoft(MSFT.US$ and $Facebook Inc(FB.US$ follow, with lower than 1% change in price.
$Roku Inc(ROKU.US$, the eighth top-traded stock, is 3.3% higher, joining a market uptrend this morning after Deutsche Bank reiterated its Buy rating, expecting secular streaming trends will outpace pandemic gains.
$Alibaba(BABA.US$ ranks 10th and closed 1.68% higher. According to TipRanks' analyst rating consensus, BABA stock comes in as a Strong Buy and good stock for long-term investors.
Movers & Shakers for Wednesday
Wall Street Today: Tesla bulls race to options market as shares surge
Amazon and other tech giants race to buy up renewable energy
Source: CNBC
$Tesla(TSLA.US$ $Amazon(AMZN.US$ $Apple(AAPL.US$ $AMC Entertainment(AMC.US$ $NVIDIA(NVDA.US$ $Microsoft(MSFT.US$ $Facebook Inc(FB.US$ $Roku Inc(ROKU.US$ $Moderna(MRNA.US$ $Alibaba(BABA.US$ $Twitter (Delisted)(TWTR.US$ $Under Armour-A(UAA.US$ $Under Armour-C(UA.US$ $Ford Motor(F.US$ $NOV Inc(NOV.US$ $Comcast(CMCSA.US$ $Fleetcor Technologies(FLT.US$ $Henry Schein(HSIC.US$ $Air Products & Chemicals(APD.US$
Amazon and other tech giants race to buy up renewable energy
Source: CNBC
$Tesla(TSLA.US$ $Amazon(AMZN.US$ $Apple(AAPL.US$ $AMC Entertainment(AMC.US$ $NVIDIA(NVDA.US$ $Microsoft(MSFT.US$ $Facebook Inc(FB.US$ $Roku Inc(ROKU.US$ $Moderna(MRNA.US$ $Alibaba(BABA.US$ $Twitter (Delisted)(TWTR.US$ $Under Armour-A(UAA.US$ $Under Armour-C(UA.US$ $Ford Motor(F.US$ $NOV Inc(NOV.US$ $Comcast(CMCSA.US$ $Fleetcor Technologies(FLT.US$ $Henry Schein(HSIC.US$ $Air Products & Chemicals(APD.US$
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