Apple's iPhone 15 Launch Gets Lukewarm Response From Investors But Stock Trends With WeWork, Exxon Mobil, Adobe And Tesla

U.S. stocks exhibited a mixed performance as the trading day neared its end. The Nasdaq Composite faced a significant dip, shedding over 140 points this Tuesday. The tech-heavy index closed at 13,773.61. Conversely, the Dow Jones Industrial Average declined slightly by 0.05% to 34,645.99. The S&P 500 also was in the red, experiencing a decline of 0.57% to settle at 4,461.90.

These are the top stocks that gained the attention of retail traders and investors throughout the day:

Apple Inc. AAPL
Apple’s stock performance for the day was less than stellar, with a decline of 1.71%, closing at $176.30. The stock reached an intraday high of $180.13 and a low of $174.82. Its 52-week range spans from a high of $198.23 to a low of $124.17. Following the much-anticipated Apple’s Wonderlust Event 2023, the stock’s reaction was underwhelming, suggesting the market’s lukewarm reception to Apple’s new product unveilings.

WeWork Inc. WE
WeWork’s shares skyrocketed by a whopping 86.36%, closing at $5.74. The stock’s intraday high touched $6.72, while its low was $3.01. Over the past 52 weeks, the stock has ranged from a high of $176.4 to a low of $2.61. Despite the absence of company-specific news, WeWork’s shares surged, with the company recently becoming a popular “meme stock” among retail investors.

Exxon Mobil Corp XOM
Exxon Mobil’s shares rose by 2.89%, closing at $117.49. The stock’s intraday movements saw a high of $117.67 and a low of $115.27. Its 52-week range is between $119.92 and $83.89. The rise in Exxon Mobil’s stock is attributed to OPEC’s maintained growth forecasts and a projected supply shortfall in the global oil markets.

Adobe Inc. ADBE
Adobe’s shares faced a decline of 3.95%, settling at $542.21. The stock’s intraday high reached $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 the recent strength in Adobe’s stock, it pulled back, with the company set to report its third-quarter earnings in the coming days.

Tesla Inc. 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 $266.6. Its 52-week range is between $313.8 and $101.81. The Elon Musk-led company’s recent venture into supercomputing with the Dojo supercomputer has led to significant Wall Street attention, with Morgan Stanley analysts predicting a substantial increase in the company’s market value.

Photo by A. Solano on Shutterstock

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