US Steel, Marathon Digital, Amazon, Nio, Tesla: Why These 5 Stocks Are On Investors' Radars Today

As the week leading to Christmas begins, Wall Street continues its upward trajectory, with major indices like the S&P 500 and Nasdaq 100 showing gains on Monday. The S&P 500 rose 0.45% to 4,740, while Nasdaq gained 0.62% to 14,905.19 for the day.

Transitioning from the broader market, let’s focus on individual stocks that have captured the attention of retail traders and investors throughout the day.

United States Steel Corp (NYSE:X)

Shares of U.S. Steel surged by approximately 26.09%, closing at $49.59. The stock reached an intraday high of $50.2 and a low of $49.24, with a 52-week range of $20.4 to $50.2. The steel giant’s shares soared following its acquisition by Nippon Steel Corp for $14.1 billion. This acquisition is a significant move in the steel industry, enhancing Nippon’s manufacturing capabilities and expanding its global footprint.

Marathon Digital Holdings Inc (NASDAQ:MARA)

Marathon Digital Holdings saw an 8.69% increase in its stock, closing at $19.88. The stock hit a daily high of $20.09 and a low of $17.66, with a 52-week range of $3.11 to $20.09. The company, a key player in the evolving digital asset landscape, is benefiting from the shift towards compliant digital assets and regulatory clarity. However, earlier in the pre-market session Marathon shares saw a decline amid a fall in Bitcoin (CRYPTO: BTC) prices. At the time of publishing, the apex cryptocurrency had recovered and was seen up nearly 5.6% at $44,276.95.

Amazon.com Inc (NASDAQ:AMZN)

Amazon’s stock rose by 2.73%, closing at $154.07. The stock’s intraday high was $154.85, with a low of $150.05, and a 52-week range of $81.43 to $154.85. The e-commerce giant is enhancing its sports media portfolio, potentially striking a deal with Diamond Sports to bring MLB, NBA, and NHL games to Prime Video, further expanding its streaming content offerings.

NIO Inc (NYSE:NIO)

NIO’s shares increased by 4.77%, closing at $8.35. The stock reached a high of $8.64 and a low of $8.23, with a 52-week range of $7 to $16.18. The China-based EV maker announced a strategic equity investment from CYVN Holdings, boosting investor confidence in its future growth and sustainability.

Tesla Inc (NASDAQ:TSLA)

Tesla’s stock experienced a slight decline of 0.56%, closing at $252.08. The stock’s intraday high was $258.74, with a low of $251.36, and a 52-week range of $101.81 to $299.29. Despite the slight drop, Tesla is making strategic moves, such as increasing wages at its Nevada Gigafactory, which could impact its labor relations and overall market performance.

Photo by Pixels Hunter on Shutterstock

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