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The stock indexes closed on a higher note this week, as investors and traders assessed the latest employment data that showed labor market resilience, comments by Federal Reserve chair Jerome Powell and the minutes of latest monetary policy meeting. EV maker Tesla (NASDAQ:TSLA), one of the top movers this week, also buoyed the market between Monday and Friday. The benchmark S&P 500 index (SP500) had its best weekly performance since late April.
Here is a look at some of the trending stocks this week:
Paramount Global (NASDAQ:PARAA) (NASDAQ:PARA) rallied +15% this week after several media outlets reported late Tuesday that the media company came to agreement on preliminary terms to merge with Skydance Media, a deal that had fallen apart last month. Skydance would pay $1.75B for National Amusements, which owns 77% of the voting shares of Paramount, as per the tentative deal, Reuters reported citing sources.
Tesla’s (TSLA)…
