Tesla, Meta, WWE, McDonald’s, Ford: Stocks are trending – Meta…

Tesla, Meta, WWE, McDonald’s, Ford: Stocks are trending – Meta…

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U.S. markets soared on Friday after the personal spending price index rose 5% year-on-year in February, posting the lowest increase since September 2021.

What happened: The US core PCE price index, the Those of the Federal Reserve preferred inflation gauge, increased by 4.6% annually in February versus 4.7% in January. The Nasdaq Composite closed 1.74% higher on Friday after the news, while the S&P500 ended the session up 1.44%. The Dow Jones gained 1.26%.

Meanwhile, the following are five stocks that are catching investors’ attention:

1. Tesla Inc TSLA: Shares of Tesla closed up 6.24% on Friday. The EV maker said it delivered 422,875 vehicles in the first quarter, representing a 36.39% year-over-year growth led by volume growth following price cuts.

Also read: Everything you need to know about Tesla stock

2. Metaplatforms Inc META: Shares of the company closed up 1.97% on Friday. The company said Thursday it would change the legal basis to how Facebook And Instagram use personal data for targeted advertising in the European Union, Reuters reported. The decision comes after the EU’s data protection regulator fined the company in January for alleged breaches, the report said.

3. World Wrestling Entertainment, Inc. WWE: Shares of the company closed up 0.73% on Friday. Popular ufc Mixed martial arts franchise parent Investments of Endeavor Group Inc EDR is in advanced talks to buy World Wrestling Entertainment in an all-stock deal, Reuters reported, citing people familiar with the matter.

4. McDonald’s Corp MCD: Shares of the company closed up 0.66% on Friday. The company is temporarily closing its US offices this week as it prepares to update company employees about the job cuts, which are part of a broader restructuring. reported The Wall Street Journal.

5. Ford Motor Co f: Shares of the company closed up 2.52% on Friday. The company increased the prices of some models of its popular F-150 Blitz electric pick-up…

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