Major U.S. indices witnessed a mixed trend on Tuesday. The Dow Jones Industrial Average faced a decline of 0.3%, settling at 43,268.94. In contrast, the S&P 500 managed to add 0.4% and reached 5,916.98. The Nasdaq showed significant growth, rising nearly 1% to finish at 18,987.47.

Notable Stock Gains

Nvidia Corporation NVDA had an impressive day, closing with a 4.89% increase and reaching $147.01. It hit an intraday high of $147.13 and a low of $140.99. With a 52-week high of $149.76 and a low of $45.01, Nvidia is set to dominate as major tech players boost their capital expenditures on artificial intelligence, as stated by Wedbush analyst Dan Ives.MicroStrategy Inc. MSTR also saw a remarkable rise, with its shares increasing by 11.89% to close at $430.54. The stock reached an intraday high of $449 and a low of $381, having a 52-week range from $449 to $43.89. The surge came after Benchmark raised its price target following the company's announcement of plans to purchase more Bitcoin BTC/USD.Archer Aviation Inc. ACHR soared 16.33% and closed at $5.13. It had an intraday high of $5.15 and a low of $4.33. With a 52-week high of $7.02 and a low of $2.82, Needham's Chris Pierce initiated coverage on Archer Aviation with a Buy rating and a price target of $11.Joby Aviation Inc. JOBY ended the day with a 12.83% gain at $6.33. It reached an intraday high of $6.33 and a low of $5.58. Having a 52-week high of $7.69 and a low of $4.5, according to Needham analyst Pierce, the company is well-positioned to capture early air taxi market share due to its partnership with Uber and focus on software.Tesla Inc. TSLA closed with a 2.14% gain at $346. It hit an intraday high of $347.38 and a low of $332.75. With a 52-week high of $358.64 and a low of $138.8, although Tesla's sales in China are gaining momentum, it still trails behind Chinese EV maker BYD Co Ltd.Prepare for the day's trading with top premarket movers and news by Benzinga.Read Next: This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal.Market News and Data brought to you by Benzinga APIs. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.