US stocks closed lower on Wednesday, as indicated by the Dow Jones Industrial Average falling 0.06% to 38,949.02. The S&P 500 fell nearly 0.2% to 5,069.76, while the Nasdaq, which is weighted toward technology stocks, ended the trading session 0.55% lower at 15,947.74.
These are the top stocks that caught the attention of retail traders and investors throughout the day:
Digital marathon entries MARA
Marathon Digital Holdings had a notable day with a gain of 2.4%, closing at $31.03. The company’s fourth quarter earnings showed a significant year-over-year increase in revenue and notable growth Bitcoin Bitcoin/USD production, despite a loss per share. Plans for hash rate growth and the launch of the Anduro network signal a promising future.
Snowflake Inc TO SNOW
Snowflake Inc shares adjusted to $230, a change of -1.72%. The company reported fourth-quarter financial results with revenue rising 32% year-over-year to $774.7 million, beating estimates. Earnings per share came in at 35 cents, beating analysts’ forecasts. CEO Frank Slootman retired, succeeded by Sridhar Ramaswamy. The company expects first-quarter product revenue of $745 million to $750 million and full-year revenue of $3.25 billion.
Global Paramount FOR
Paramount Global shares fell 1.69% to $11.06 for the day. The company reported a beat in EPS. Fourth-quarter earnings reveal strategic exceeding of earnings expectations despite a year-over-year revenue decline, keeping investors’ eyes peeled for future performance.
IonQ Inc IONQ
IonQ Inc. closed at $11.26, down 2.68% in regular trading hours. Shares fell despite strong fourth-quarter results. The company’s revenue beat estimates, and its forward-looking statements about the role of quantum computing in artificial intelligence provide a solid foundation for growth.
Tesla, Inc. TSLA
Tesla, Inc. rose +1.16% to close at $202.04, influenced by its market position and strategic updates. The company’s dominance in the electric vehicle market is further strengthened by strategic changes from competitors with Apple’s decision to pull the plug on its self-driving vehicle made public on the same day.
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