On Monday, the U.S. stock market presented a mixed performance. The Dow Jones index managed to turn higher, trading up by 0.12% to 38,769.66. However, the NASDAQ and the S&P 500 indices fell by 0.41% and 0.11% respectively. Amidst this, several stocks caught the attention of retail traders and investors. Here are the top five trending stocks of the day:
The Boeing Company (NYSE:BA)
Boeing shares fell by 3.02% to close at $192.49, with an intraday high and low of $196.07 and $189.80 respectively. This drop followed reports of the Justice Department initiating an investigation into the Alaska Airlines door blowout event. An earlier report revealed that a grand jury has been convened as part of this criminal investigation.
Oracle Corporation (NYSE:ORCL)
Oracle shares were in focus, closing the day up by 1.52% at $114.13. The stock hit an intraday high of $114.75 and a low of $111.18. This comes ahead of the company's fiscal third-quarter financial results announcement. Investors are keenly watching for updates on the demand for Oracle's Cloud Infrastructure and Generative AI services.
Meta Platforms Inc. (NASDAQ:META)
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Meta Platforms shares dropped by 4.42% to $483.59. The stock's intraday high and low were $497.32 and $476 respectively. Former President Donald Trump recently targeted the company in a post on Truth Social, suggesting that Meta is the real enemy, not TikTok.
Cassava Sciences, Inc. (NASDAQ:SAVA)
Cassava Sciences shares fell by 1.81% to $18.44, with an intraday high and low of $19.19 and $18.18 respectively. The company recently is under scrutiny over its Alzheimer's candidate Simufilam. A lab run by City University of New York was flagged by FDA inspectors who faulted trial sample analyses by Hoau-Yan Wang, an academic partner of Cassava, according to a report from Science magazine.
Tesla Inc. (NASDAQ:TSLA)
Tesla shares rose by 1.39% to $177.77, with an intraday high and low of $182.87 and $174.8 respectively. CEO Elon Musk recently teased new updates for Tesla drivers coming this month and the next.
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