On Thursday, the primary U.S. stock market benchmarks closed higher, with the S&P 500 increasing by 0.74% to reach 5,199.06, while the Nasdaq surged by 1.7% to hit 16,442.20. Conversely, the Dow Jones Industrial Average remained relatively steady, ending the day at 38,459.08.
Apple Inc. (NASDAQ:AAPL)
Apple shares rose by 4.33%, closing at $175.04. The stock’s intraday high was $175.46, with a low of $168.16. The 52-week high and low stand at $199.62 and $159.78 respectively. The tech giant is reportedly planning an overhaul of its sluggish Mac line, which may have contributed to the stock’s performance. The Cupertino-based tech giant is gearing up to make its next line of chips to succeed the M3. The new chip — the M4 processor — will come in at least three main varieties and be incorporated into every Mac model.
Rivian Automotive, Inc. (NASDAQ:RIVN)
Rivian’s shares dipped by 6.82%, closing at $9.57. The stock hit a new all-time low of $9.38, with an intraday high of $10.3. Over the past 52 weeks, the stock has fluctuated between $28.06 and $9.38. Concerns about the company’s future may have influenced the stock’s performance.
Amazon.com Inc. (NASDAQ:AMZN)
Amazon shares increased by 1.67%, ...