Today At A Glance:
Markets finished broadly higher, bouncing back from last week’s turbulence as geopolitical tensions eased. Reports of Iran scaling back its military stance toward Israel helped ease investor nerves, which in turn calmed energy markets and pushed crude oil prices down. Tech and biotech sectors led the way, with Advanced Micro Devices and Sage Therapeutics posting standout performances. Defensive sectors like defense contractors saw a pullback as safe-haven sentiment faded. With a key Federal Reserve meeting on the horizon, investors shifted to a more risk-on stance heading into the week.
Today’s Index Performance:
S&P 500: Opened at 600.34 and closed at 602.63, rising approximately 0.94%.
Dow Jones Industrial Average: Opened at 425.11 and closed at 425.85, gaining around 0.72%.
NASDAQ Composite: Opened at 530.57 and closed at 533.92, up roughly 1.32%.
Gainers Of Note:
Advanced Micro Devices (NASDAQ: AMD): Soared 9.5% following a bullish analyst upgrade and continued strength in AI-chip demand.
NVIDIA Corporation (NASDAQ: NVDA): Gained 2.3% as optimism remained strong across the semiconductor space.
Sage Therapeutics (NASDAQ: SAGE): Jumped 36% after news broke of its acquisition by Supernus Pharmaceuticals.
Losers Of Note:
Sarepta Therapeutics (NASDAQ: SRPT): Plummeted 43% after halting shipments of its Elevidys gene therapy due to safety concerns.
Lockheed Martin (NYSE: LMT): Dropped 3.8% as defense stocks pulled back with Middle East tensions easing.
Northrop Grumman (NYSE: NOC): Declined 4.1%, continuing a retreat in defense-related names.
Active Traders Of Note:
Advanced Micro Devices (NASDAQ: AMD): Led volume as the day’s top-performing tech stock with sharp buying pressure.
NVIDIA Corporation (NASDAQ: NVDA): Continued to see high volume as investors poured into AI-related names.
Sarepta Therapeutics (NASDAQ: SRPT): Experienced massive turnover as traders reacted to the safety halt and sharp stock decline.
Note: The stock performance summaries are based on general trends observed over the past ten trading days and are not indicative of future results.
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