U.S. stocks mixed as Dow Jones Industrial Average rises 0.65%, S&P 500 gains 0.41%, Nasdaq declines nearly 0.2%

Applied Materials Inc. (AMAT) shares rose by 0.35%, closing at $174.75, with an intraday high of $176.38 and a low of $171.20. The stock's 52-week range is between $123.74 and $255.89.

U.S. stocks closed mixed on Thursday, with the Dow Jones Industrial Average rising 0.65% to 42,322.75 and the S&P 500 gaining 0.41% to 5,916.93. The tech-heavy Nasdaq declined nearly 0.2% to 19,112.32.

Here are the top stocks that had retail traders and investors buzzing throughout the day:

* Applied Materials Inc. (NASDAQ:AMAT) closed at $174.75, increasing by 0.35% for the day, with an intraday high of $176.38 and a low of $171.20. The stock’s 52-week range is between $123.74 and $255.89. The company reported its second-quarter financial results, revealing revenue of $7.1 billion, slightly below analyst expectations of $7.13 billion. However, earnings per share surpassed estimates at $2.39, compared to the anticipated $2.31. The chip equipment manufacturer maintained solid guidance, indicating no significant changes in customer demand. The stock slipped nearly 6% in after-hours trading to $164.85.

* CAVA Group Inc. (NYSE:CAVA) saw a decrease of 0.48%, closing at $99.06, with a high of $100.94 and a low of $98.31 during the day. The 52-week range for the stock is $70 to $172.43. The Mediterranean fast-casual restaurant chain reported a 28.2% increase in first-quarter revenue, reaching $331.83 million, exceeding the consensus estimate of $326.88 million. The company also reported adjusted earnings of 22 cents per share, surpassing analyst predictions of 14 cents. CAVA Group has increased its guidance for new restaurant openings. However, the stock took a beating in the after-hours trading and declined 4% to $95.

* Coinbase Global Inc. (NASDAQ:COIN) shares decreased by 7.20%, closing at $244.44, with an intraday high of $257.85 and a low of $240. The stock’s 52-week range is $142.58 to $349.75. The company faced a significant cybersecurity incident involving insider abuse and data theft, resulting in a $20 million Bitcoin BTC/USD ransom demand. Coinbase has refused to pay the ransom and has instead offered a $20 million bounty for information leading to the arrest of the perpetrators. The incident has impacted investor sentiment.

* Quantum Computing Inc. (NASDAQ:QUBT) reported an increase of 3.47%, closing at $9.24, with a high of $9.29 and a low of $8.74. The 52-week range for the stock is $0.35 to $27.15. The company disclosed its first-quarter financial results, with revenue of $39,000, falling short of the $100,000 anticipated by analysts. Nonetheless, earnings per share reached 11 cents, exceeding the seven-cent loss predicted by economists. The positive earnings surprise contributed to the stock’s upward movement.

* Meta Platforms Inc. (NASDAQ:META) experienced a decline of 2.35%, closing at $643.88, with an intraday high of $657.31 and a low of $638.58. The stock’s 52-week range is $442.65 to $740.91. The company’s shares fell following a report from the Wall Street Journal about delays in the release of its next-generation AI model, codenamed Behemoth. Initially expected in April, the model’s release has been postponed to fall or later.

Benzinga Edge Stock Rankings indicate Coinbase has a Momentum in the 70th percentile and Growth in the 79th percentile. How do other cryptocurrency-related stocks fare? Find out by clicking here.

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