Stock Market Rebounds with Key Players in Focus

The stock market saw a significant recovery today, with a strong performance from technology stocks leading the way after a rocky start to the week. The Nasdaq 100 index increased by 2%, making a comeback from the previous day's drop. By the end of the trading session, the index stood at 19,733.59. This uptick was largely fueled by investors taking advantage of lower prices, especially in technology shares.

In addition, the S&P 500 and Dow Jones experienced gains of 0.9% and 0.3%, respectively, closing at 6,067.70 and 44,850.35.

Here are some of the trending stocks that caught the attention of retail traders and investors today:

Alibaba Group Holding Ltd (BABA)

Alibaba's stock saw a notable increase of 6.71%, closing at $96.03. During the day, the stock hit an intraday high of $96.43 and a low of $89.90, with a 52-week range from $68.36 to $117.82. The surge in stock price was driven by the announcement of a new AI model, Qwen2.5-VL, from the company’s cloud division. This model is capable of interpreting files and videos, positioning Alibaba in direct competition with OpenAI's technology and generating excitement around its innovative capabilities.

Starbucks Corp (SBUX)

Starbucks experienced a modest rise of 0.37%, finishing the day at $100.39. The stock reached an intraday high of $100.68 and a low of $98.59, trading within a range of $71.55 to $102.56 over the past year. The coffee giant reported impressive first-quarter results that surpassed expectations, with revenues of $9.4 billion and earnings per share of 69 cents. Despite facing challenges with comparable store sales, the positive reception of its turnaround efforts has kept investor interest strong.

JetBlue Airways Corp (JBLU)

In contrast, JetBlue's stock faced a dramatic drop of 25.71%, closing at $6.01. The airline's stock fluctuated throughout the day, hitting a high of $6.98 and a low of $5.75, with a 52-week range of $4.50 to $8.31. JetBlue announced a smaller-than-expected loss for the fourth quarter, with an adjusted loss per share of 21 cents. The airline is adjusting its capacity plans but projects a positive operating margin by 2025.

Lockheed Martin Corp (LMT)

Lockheed Martin's shares fell by 9.17%, closing at $457.45. The day saw the stock reach an intraday high of $479.73 and a low of $457.27, with a yearly range of $413.92 to $618.95. Despite mixed results in its fourth-quarter earnings, which included a decline in net sales and a contraction in gross margin, the company’s backlog presents promising prospects for 2025.

Tesla Inc (TSLA)

Tesla’s stock saw a slight uptick of 0.24%, closing at $398.10. The stock reached a daily high of $400.59 and a low of $386.50, maintaining a range between $138.80 and $488.54 for the year. Tesla is set to report its fourth-quarter earnings soon, with key attention focused on its delivery growth and advancements in autonomous technology. Analysts are optimistic that the company's revenue will show an increase compared to last year's figures.

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