U.S. stock markets gave a mixed picture on Thursday with the Dow Jones inching up 0.03% to 37,440.34. The S&P 500 and Nasdaq fell 0.34% and 0.56% to 4,688.68 and 14,510.30 respectively.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
QuantumScape Corp (NYSE:QS)
QuantumScape Corp (NYSE:QS) shares surged by 46.1% following a positive update on battery testing capabilities from a Volkswagen subsidiary. PowerCo’s endurance test of QuantumScape’s solid-state cells showed promising results, suggesting potential for electric vehicles with long ranges and quick charging capabilities.
Peloton Interactive Inc. (NASDAQ:PTON)
Peloton Interactive Inc. (NASDAQ:PTON) saw its shares rise by 22.5% as it announced a strategic alliance with TikTok. This partnership aims to reshape Peloton’s brand identity and expand its customer reach, focusing on a younger audience through the "#TikTokFitness Powered by Peloton" fitness hub.