Investors have been actively adding US stocks, including Tesla, Nvidia, Trump Media, and Microsoft, to their portfolios ahead of the US election, resulting in a surge in the stock market following Donald Trump’s re-election announcement, with the S&P 500 reaching record highs. Trading volumes spiked, with Tesla being the most-traded stock, despite concerns over potential policy changes impacting clean energy businesses. Other notable stocks traded included Coinbase, MARA Holdings, and MicroStrategy, all closely associated with bitcoin, which saw significant gains post-election. Nvidia, while seeing modest gains, faces increased risk due to geopolitical tensions surrounding its chip supply chain. Overall, while some investors may have been surprised by the outcome, the stock market largely welcomed Trump’s win as reflected in the S&P 500’s positive response.
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Why Mobileye Stock Skyrocketed Today
Mobileye (NASDAQ: MBLY) saw its stock rise 11.6% on Monday due to geopolitical tensions easing after Iran's missile strikes suggested military de-escalation, coupled with Federal Reserve comments hinting at possible interest rate cuts next month. This surge occurred alongside a 0.9% gain in both the S&P 500 and Nasdaq Composite indices. Explain It To Me Like I'm 5: Mobileye's stock went up a lot because some scary things in the world seemed less scary, and...
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