Tesla, Apple, Lightjump, Southwest, Gilead: Why These 5 Stocks…

Tesla, Apple, Lightjump, Southwest, Gilead: Why These 5 Stocks…

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US markets opened lower on Tuesday in a shortened week after rising bond yields battered key growth stocks and indices. The benchmark 10-year Treasury yield rose over 10 basis points to 3.858% as investors and traders began to consider the possibility of a 2023 recession China has further eased its COVID-19 restrictions. Economic data in the US showed that the trade deficit for goods contracted to $83.35 billion in November from $98.8 billion the previous month, while a separate report showed ongoing struggles for the housing market as house prices fell amid rising mortgage rates, Reuters reported . Meanwhile, here are the five stocks that are attracting investors’ attention:

1. Tesla Inc TSLA: Shares of Tesla closed 11.41% lower on Tuesday after a Reuters report indicated the company was planning to implement a reduced production schedule at its Shanghai plant in January, raising demand concerns. The stock fell the lowest level in over two years.

Also read: The best penny stocks

2. apple inc AAPL: Shares of Apple closed down 1.39% on Tuesday. Japan has reportedly asked the iPhone maker to pay an additional 13 billion yen ($98 million) in taxes for the bulk sale of iPhones and other Apple devices to foreign tourists wrongly exempt from consumption tax.

3. Lightjump Acquisition Corp LJAQ: Lightjump shares closed 100% higher on Tuesday. The company’s shareholders have approved the merger with Moolec Science, according to to Marketwatch.

4. Southwest Airlines Co LUV: Southwest shares closed 5.94% lower on Tuesday after the airline canceled thousands of flights, officials scrutinized. That US Department of Transportation said Monday night it would investigate whether the vast majority of flights canceled by the company were under its control. reported Yahoo Finance.

5. Gilead Sciences, Inc. GILD: Shares of the company closed up 0.31% on Tuesday. The company announced it will announce all remaining rights…

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