Wednesday witnessed a positive close for U.S. indices, with the Dow Jones Industrial Average climbing 1.03% to 39,512.13.
The S&P 500 increased by 0.89% to settle at 5,224.62, while the Nasdaq rose by 1.25% to 16,369.41.
Noteworthy stocks of the day included:
1. **DWAC**: Shares surged 17.79% to close at $42.9, with an intraday range of $38.09 to $44.86. The 52-week range is $12.4 to $58.72.
This surge followed a filing by former President Donald Trump’s legal team with the U.S. Supreme Court, arguing for “ultimate immunity”.
2. **Apple Inc. (NASDAQ:AAPL)**: Shares rose 1.47% to close at $178.67, with an intraday range of $175.09 to $178.67.
The 52-week range is $155.98 to $199.62. CEO Tim Cook's presence in Shanghai hinted at possible store expansions in China amid declining iPhone sales.
3. **Micron Technology Inc. (NASDAQ:MU)**: Shares increased by 2.39% to close at $96.25, with an intraday range of $93.59 to $96.68.
The 52-week range is $56.01 to $101.85.
The company exceeded revenue and EPS estimates in its fiscal second-quarter results.
4. **Chewy Inc. (NYSE:CHWY)**: Shares jumped 6.35% to close at $17.74, with an intraday range of $16.78 to $17.76. The 52-week range is $15.78 to $40.78.
The pet care e-commerce company surpassed revenue and EPS estimates in its fourth-quarter financial results.
5. **Tesla Inc. (NASDAQ:TSLA)**: Shares rose 2.53% to close at $175.66, with an intraday range of $170.82 to $176.25. The 52-week range is $152.37 to $299.29.
A Tesla bull suggested that advertising could boost the company’s slowing sales growth.
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