SOFI - Trump-Linked Phunware Apple SoFi Crowdstrike Alibaba — Why These Stocks Are On Investors' Radars Today | Benzinga
On Tuesday, major U.S. stock indices closed lower, with the Dow Jones Industrial Average decreasing by 1.04% to 38,585.19 and the S&P 500 falling by 1.02% to 5,078.65. The Nasdaq also finished the day down by 1.65% at 15,939.59.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Apple Inc (NASDAQ:AAPL) saw its shares decline by 2.84% to close at $170.12. The stock fluctuated between $172.04 and $169.62 throughout the day, with its 52-week range being $199.62 to $147.61. Apple’s iPhone sales in China dropped 24%, pushing the company to fourth place among smartphone vendors in the country. This decline comes amidst a general market downturn and increased competition from companies like Vivo and Huawei, which have capitalized on nationalistic purchasing trends. Despite these challenges, Apple has attempted to stimulate demand with discounts and promotions.
SoFi Technologies Inc (NASDAQ:SOFI) experienced a significant drop of 15.27% to close at $7.27. The stock’s performance today comes after the company announced a proposed convertible senior notes offering, aiming to raise $750 million. SoFi plans to use the proceeds for various ...