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Trending stocks bonds and more!

U.S. stocks are surging in afternoon trading, with technology shares leading the way!

Tesla is jumping for a second day in a row, clawing back some of this month’s big losses.

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FactSet chart on trending stocks

The Nasdaq is up more than 2%, and the S&P 500 and the Dow are both up more than 1%.

Tesla: The car maker’s shares are headed for their worst year, with shares stumbling on new demand concerns and a shutdown at its China factory. Tesla stock regained some ground Wednesday and looked poised to extend that rally Thursday, gaining 4.7% premarket.

Lucid: The company and other electric-vehicle stocks were gaining alongside Tesla premarket. Lucid added 3.1%, Rivian rose 1.7% and Chinese EV maker NIO gained 1.9%.

Cal-Maine Foods: The largest U.S. egg producer on Wednesday said quarterly sales more than doubled on-the-year, as rapid inflation and bird flu helped push prices higher. Shares fell about 4.3% premarket.

Exxon Mobil: The oil giant filed a lawsuit contesting the European Union’s windfall levy on high energy profits after Russia’s invasion of Ukraine. Shares edged 0.5% lower premarket

 

 

@thejournalbiz
Source:FactSet/DowJones
Image:Nasdaq