Today in the U.S. stock market, there have been significant movements among key companies, shaping the trading landscape. Apple (AAPL) saw a notable increase of 5.9% following the announcement of its new AI strategy, integrating ‘Apple Intelligence’ technology and ChatGPT into its apps. General Motors (GM) also experienced a positive trend with a 2.25% rise after authorizing a $6 billion stock repurchase plan. Conversely, Tesla (TSLA) faced a 3% decline amid concerns about the timeline for its robotaxis. Eli Lilly (LLY) witnessed a 0.7% drop despite positive news on its Alzheimer’s drug. In the cryptocurrency sector, Coinbase (COIN) saw a 4.6% decrease linked to a drop in bitcoin’s price, impacting related companies like Marathon Digital Holdings (MARA) and Riot Platforms (RIOT). Yext (YEXT) recorded a 5% decline after announcing an acquisition and revising its revenue guidance. On a positive note, Calavo Growers (CVGW) surged by 10% after reporting strong earnings and revenue for the fiscal second quarter.
