Major Wall Street indices closed in the green on Tuesday as investors and traders kept their eyes on Thursday’s key consumer price inflation data. federal reserve chair Jerome Powell not specifically addressed policy outlook in his speech on Tuesday, but stressed the importance of central bank autonomy in making the necessary decisions to combat inflation. The Nasdaq Composite ended 1.01% higher, while the Dow Jones ended Tuesday’s session 0.56% higher. The S&P 500 closed up 0.7%. Meanwhile, here are five stocks that are catching investors’ attention:
1. Tesla Inc TSLA: Shares of Tesla closed down 0.77% on Tuesday. The company has applied to expand its Gigafactory in Texas with a total investment of $775.7 million, according to government documents, Reuters reported. According to the report, this is one of the largest expansion steps since the founding of the $5.5 billion Gigafactory in Germany.
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2. Amazon.com, Inc. AMZN: Amazon shares closed up 2.87% on Tuesday. The company reportedly intends to close three of its UK warehouses in 2023. which is expected to affect 1,200 employees. Hemel Hempstead, doncasterand Gourock will close this year, making way for two new fulfillment centers, Bloomberg reported.
3. Biora Therapeutics, Inc. BIOR: The company’s shares closed 155.92% higher on Tuesday, gaining 43.7% in extended trading. Biora said in a press release that it remains on track for an IND filing for its PGN-600 program for its Targeted Therapeutics Platform, which is focused on treating ulcerative colitis, followed by the initiation of clinical trials.
4. Riot Platforms Inc REVOLT: Shares of Bitcoin BTC/USD Miner closed up 15.34% Tuesday after the cryptocurrency’s price surged. Bitcoin broke above 17,400 on Tuesday, gaining 2.93% over the past five days.
5. Netflix Inc NFLX: Netflix shares closed up 3.92% on Tuesday.
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