U.S. markets witnessed their best week since June as the Nasdaq closed 1.9% higher on Friday after consumer price inflation cooled in October. Tech stocks shrugged off the fall in cryptocurrencies after FTX filed for bankruptcy on Friday. The S&P 500 gained nearly 1% while the Dow closed marginally higher to end the week. Meanwhile, here are the five stocks that are drawing retail investors’ attention today:
1. Amazon.com, Inc. AMZN: Shares of the retail giant closed over 4% on Friday. Shares of Amazon have been on the rise following news that CEO Andy Jassy is embarking on a review of expenses and cutting back on businesses that haven’t been profitable. In the latest news, country music star and philanthropist Dolly Parton bagged a $100 million prize from the “Bezos Courage & Civility Award” given by Amazon founder Jeff Bezos, reported Reuters.
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2. Apple Inc (NASDAQ: AAPL): Following the rally led by the inflation report, Apple added over $190.9 billion in market cap on Thursday, the most ever by any U.S.-listed company. The stock closed 1.93% higher on Friday. According to a Bloomberg report that analyzes Apple’s job listings, the company is planning a 3D world and video service for its mixed-reality headset.
3. Tesla Inc TSLA: Tesla said on Sunday it would aid Chinese police in investigating a crash involving one of its Model Y cars following reports from local media that said two people died and three were injured when the driver lost control of the vehicle, according to a Reuters report. Shares of the EV maker had closed 2.75% higher on Friday.
4. Nio Inc NIO: Shares of Nio closed over 11% higher in the U.S. on Friday despite the company reporting weak numbers. Nio reported a net loss of 4.1 billion yuan ($577.9 million) in the third quarter compared to a net loss of 835.3 million yuan a year earlier. The company’s total revenues stood at 13 billion yuan ($1.8 billion) during the quarter versus 8.63 billion yuan a year earlier.
5. Advanced Micro Devices, Inc. AMD: Shares of the chipmaker closed over 5% higher on Friday. Last week, AMD hosted a launch event for its fourth-generation EPYC server CPU Genoa and said its customers included Microsoft Corp’s MSFT Azure, Alphabet Inc’s GOOGL GOOG Google Cloud and Oracle Corporation ORCL would be among its customers.
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