Tesla, Amazon, Apple, Alibaba, Microsoft: Why These 5 Stocks…

Tesla, Amazon, Apple, Alibaba, Microsoft: Why These 5 Stocks…

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Despite this, the most important Wall Street indices closed in the green on Wednesday federal reserve‘s meeting minutes pointing to an ongoing hawkish tone from the central bank. According to the summary of the minutes, participants generally noted that until incoming data gave confidence that inflation was on a sustained downward path to 2%, restrictive policies needed to be maintained. which would probably take some time.

At the same time, the November Job Vacancy and Labor Turnover (JOLTS) report came in slightly better than expected, indicating continued strength in the labor market. Meanwhile, here are the five stocks that are attracting investors’ attention:

1. Tesla Inc TSLA: Shares of Tesla closed up 5.12% on Wednesday. The move came after the stock fell over 12% on the first trading day of the year on concerns about weaker demand logistical problems that hampered deliveries. A general disregard by Wall Street for the Federal Reserve’s protocol appears to have fueled the price action.

Also read: Everything you need to know about Tesla stock

2. Amazon.com, Inc. AMZN: Amazon’s layoffs will affect more than 17,000 employees, a higher number than originally planned, reported The Wall Street Journal. That would represent the most cuts uncovered so far in a wave of cuts at big tech companies, the report said, citing people familiar with the matter. Amazon’s shares closed 0.79% lower but was up 1.79% in extended trading.

3. apple inc AAPL: France’s Data Protection Commissioner CNIL said it had fined 8 million euros ($8.49 million) in connection with personalized advertising on Apple’s App Store, according to Reuters. shares of iPhone The maker closed up 1.03% on Wednesday.

4. alibaba group holding ltd BABA: Alibaba-listed shares on the NYSE ended up 13.01% on Wednesday after news that Chinese regulators cleared a plan by the billionaire Jack Mas Ant Group Co. Raise 10.5 billion yuan (US$1.5 billion). for its consumer unit.

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