The main Wall Street index closed green on Wednesday as optimism about lower inflation gained momentum ahead of Thursday’s release of consumer price index data. The Nasdaq Composite closed his 1.76% higher and the Dow Jones ended Wednesday trading his 0.8% higher. The S&P 500 he rose 1.28%. Meanwhile, here are five stocks that are garnering investor attention:
1. Tesla Inc. TSLA: Tesla shares closed 3.68% higher. The company is nearing a preliminary agreement to set up a factory in Indonesia, Bloomberg reported, citing people familiar with the matter. The plant is expected to produce 1 million cars a year. Discussions included plans for multiple facilities with different functions throughout the production and supply chain, it said.
Also read: Everything You Need to Know About Tesla Stock
2. Apple AAPL: Apple shares closed 2.11% higher on Wednesday. The company reportedly plans to start manufacturing its own custom he displays for smartwatch and iPhone screens starting next year.
3. Atlis Motor Vehicles Inc. AMV: The company’s shares closed 276.12% higher on Wednesday after news that it had reached 2 gigawatt-hours worth of battery capacity in the form of customer demand.
Four. KB Home KBH: The company’s shares closed 3.13% higher but fell 2.89% in long-term trading. According to KB Home, fourth-quarter revenue rose 16% year over year to his $1.94 billion, which is below analysts’ average estimates of his $1.98 billion. The US homebuilder reported quarterly earnings of $2.47 per share, but missed estimates of $2.87 per share.
Five. Fisker Co., Ltd. FSR: Fisker’s shares ended Wednesday’s session higher 6.65%, in line with share prices of companies in the auto and auto parts sector ahead of Thursday’s release of inflation and unemployment claims data.
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