US Stocks Slide Amid Major Indices Declines

The US stock market closed lower on Wednesday, with major indices seeing declines. The Dow Jones Industrial Average fell by 0.77%, the S&P 500 dropped 0.48%, and the Nasdaq plummeted 0.64%.

Among the top stocks that gained attention from retail traders and investors were Apple (NASDAQ:AAPL), Meta Platforms Inc. (NASDAQ:META), AeroVironment Inc. (NASDAQ:AVAV), SUNation Energy Inc. (NASDAQ:SUNE), and American Eagle Outfitters Inc. (NYSE:AEO).

Apple's stock closed at $315.34, marking a 0.28% decline from its opening price. The tech giant recently introduced its foldable iPhone, the iPhone Duo, which features a unique hinge design and impressive specs.

META shares surged by 6.55%, closing at $653.69 after the company's recent $18 billion settlement with 29 US state attorneys general was announced. This agreement addresses concerns over Instagram and Facebook features that were deemed harmful to younger users.