GME, META, TSM, BAC, TSLA: Top 5 Trending Stocks Today - Bank of America (NYSE:BAC), GameStop (NYSE:GME)

　　Wall Street experienced another notable day with the bulls driving the market upward, fueled by expectations of the Federal Reserves rate cuts in September. The Dow Jones Industrial Average had its best session since late May, soaring by 1.85% to close at 40,954.48. Meanwhile, the S&P 500 saw a slight increase, ending the day up nearly 0.6% at 5,667.20. The Nasdaq also climbed, rising 0.2% to finish at 18,509.34.

　　These are the top stocks that gained the attention of retail traders and investors throughout the day:

　　GameStop CorpGME

　　GameStop shares closed the day with a 5.70% increase at $28.54, with an intraday high of $28.83 and a low of $27.37. The stock has been trending across various social sites as traders continue to discuss a potential repeat of the historic meme stock short squeeze of 2021.

　　Meta Platforms Inc.META

　　Despite positive analyst coverage, Meta Platforms shares fell by 1.28% to close at $489.79. The stock hit a high of $503.95 and a low of $485.79 during the day. Wolfe Researchinitiated coverage on Meta Tuesday with an Outperform rating and a price target of $620.

　　Taiwan Semiconductor Manufacturing CoTSM

　　Taiwan Semiconductor stock closed the day up 0.44% at $186.04, with an intraday high of $189.59 and a low of $185.02. The company‘s demand for AI chip production tools is driving ASML Holding’s anticipated orders for the second quarter.

　　Bank Of America CorpBAC

　　Bank of America shares rose by 5.35% to close at $44.13, with an intraday high of $44.4 and a low of $42.22. The bank reported fiscal 2024 second-quarter net income of $6.9 billion, beating estimates.

　　Tesla IncTSLA

　　Tesla shares increased by 1.55% to close at $256.56, with an intraday high of $258.62 and a low of $245.8. CEO Elon Muskconfirmed that the robotaxi unveiling event has been delayed to deploy some design changes to the vehicle.

　　Photo by Jirapong Manustrong on Shutterstock

　　This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal

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