QBTS, DOCU, ULTA, META, TSLA: Top 5 Trending Stocks Today

On Thursday, major U.S. stock indices faced a difficult trading session. The S&P 500 entered a technical correction, dropping 10% from its all-time high. The market turmoil was largely caused by rising trade tensions and new tariff threats from President Donald Trump. Despite the recent inflation reports suggesting a better situation for the U.S. economy, investors remain wary of the risks associated with trade policies, fearing that heightened tariffs could negatively impact corporate profits and disrupt supply chains.

By the end of the day, the S&P 500 index had fallen nearly 1.4%, closing at 5,521.52. The Nasdaq saw a more significant decline, dropping almost 2% to finish at 17,303.02. The Dow Jones Industrial Average also closed lower, down 1.3% at 40,813.57.

Highlighted Stocks

Throughout this turbulent session, several stocks caught the attention of traders and investors:

D-Wave Quantum Inc. (NASDAQ: QBTS)

The shares of D-Wave Quantum experienced a significant surge, rising by 18.73% to close at $6.91. The stock reached a high of $7.12 and a low of $6.04 during the day. D-Wave's 52-week range shows a high of $11.41 and a low of $0.75. The company announced a fourth-quarter adjusted earnings loss of 8 cents per share, just missing the consensus estimate by a penny. Even though quarterly sales fell 21% year-over-year to $2.309 million, strong growth in bookings and a positive outlook drew investor interest.

DocuSign Inc. (NASDAQ: DOCU)

DocuSign's stock closed down 6.78% at $74.70, after reaching a high of $79.36 and a low of $74.26 during the trading day. Over the last year, the stock has fluctuated between a high of $107.86 and a low of $48.70. Following the market close, shares rebounded with an 11.65% increase to $83.40 in after-hours trading. DocuSign reported fourth-quarter revenue of $776.3 million, exceeding analysts’ expectations, along with earnings per share that also topped forecasts.

Ulta Beauty Inc. (NASDAQ: ULTA)

Ulta Beauty's shares fell by 4.48%, ending the day at $314.47. However, in after-hours trading, the stock bounced back with a 6.5% increase to $335. Intraday, shares saw a high of $329.54 and a low of $309.01, with a 52-week high recorded at $574.76. The company’s fourth-quarter revenue of $3.49 billion exceeded analyst estimates, and the earnings per share were also above expectations, signaling that fiscal 2025 could be a crucial year for the firm.

Meta Platforms Inc. (NASDAQ: META)

Meta Platforms’ shares decreased by 4.67% to close at $590.64, following an intraday high of $620.50 and a low of $586.51. In the past year, the stock has traded within a range of $740.91 to $414.50. This decline was part of a broader sell-off in the tech sector, influenced by the ongoing tariff concerns.

Tesla Inc. (NASDAQ: TSLA)

Tesla shares fell by 2.99%, closing the day at $240.68. The stock hit an intraday high of $248.29, with a low of $232.60, and has a 52-week high of $488.54 and a low of $138.80. Analysts from JPMorgan have expressed concerns that Tesla may report its lowest quarterly deliveries since 2022, attributing this to CEO Elon Musk’s affiliations with the Trump administration, which could be impacting the brand's perceived value.

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This article summarizes a turbulent day in the market, showcasing the leading stocks that gained attention from investors.

Stocks, Market, Trading