Thursday saw a notable uptrend in U.S. stocks, with the Dow Jones Industrial Average closing 0.7% higher at 39,781.37.
The S&P500 also showed a 0.3% increase, reaching 5,241.53, while the Nasdaq, known for its tech focus, ended positively, rising 0.2% to settle at 16,401.84. Among the stocks that garnered significant attention from retail traders and investors were:
Reddit Inc. (NYSE:RDDT)
Reddit's shares debuted at $47 per share, well above the expected IPO price range of $31 to $34.
The stock immediately gained traction, closing the day with an impressive 48.35% increase at $50.44.
The company's IPO had been highly anticipated, with Jonathan Corpina from Meridian Equity Partners foreseeing a strong initial performance in the public markets.
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