Electric vehicle stocks had a mixed close in the week ending July 29, although market leader Tesla, Inc. (NASDAQ: TSLA) managed to build on its gains. Chinese EV stocks and some pure-play U.S. startups came under selling pressure despite a positive development on EV tax credits.
Shares of streaming device maker Roku, Inc. (NASDAQ: ROKU) plunged over 23% Friday before settling at their lowest level in early-2019. Undeterred by the massive sell-off, Cathie Wood -run Ark Invest picked up large chunks of shares in the company.
Meta Platforms, Inc.’s (NASDAQ: META) Instagram announced it would start collecting and measuring demographic information, including race and ethnicity, starting Thursday.
Apple Inc (NASDAQ: AAPL) reported Thursday after the close better-than-expected fiscal-year third-quarter results, helped by strong iPhone and iPad sales.