Today At A Glance:
U.S. stocks declined on Thursday as investors reacted to escalating tensions between President Trump and Tesla CEO Elon Musk, which overshadowed positive developments in U.S.-China trade relations. The S&P 500 and Nasdaq Composite posted losses, while the Dow Jones Industrial Average also fell. Tesla shares plummeted over 14% after President Trump suggested cutting government subsidies and contracts with Musk’s companies, leading to a significant loss in Tesla’s market value. Despite a favorable phone call between President Trump and China’s President Xi Jinping, investor sentiment remained cautious ahead of the upcoming U.S. jobs report. Overall, the market faced headwinds from geopolitical tensions and anticipated economic data.
Today’s Index Performance:
- S&P 500: Opened at 5,985.67 and closed at 5,939.30, a decrease of 0.77% for the day.
- Dow Jones Industrial Average: Opened at 42,427.74 and closed at 42,319.74, down 0.25%.
- NASDAQ Composite: Opened at 19,460.49 and closed at 19,298.45, a decline of 0.83%.
Gainers Of Note:
- Dollar Tree Inc. (NASDAQ: DLTR): Shares rose 9.1% to close at $96.67, outperforming competitors during a generally negative trading session.
- Micron Technology Inc. (NASDAQ: MU): Gained 3.52% to close at $106.88 amid positive momentum in the semiconductor sector.
- Atlassian Corporation Plc (NASDAQ: TEAM): Increased by 3.44% to $218.17, reflecting investor optimism in software stocks.
Losers Of Note:
- Tesla Inc. (NASDAQ: TSLA): Plunged 14.3% to $284.70, losing over $150 billion in market value due to the public feud between CEO Elon Musk and President Trump.
- Palantir Technologies Inc. (NYSE: PLTR): Dropped 7.27% to $120.56 amid broader tech sector weakness.
- Costco Wholesale Corporation (NASDAQ: COST): Fell 3.75% to $1,012.22, underperforming in the retail sector.
Active Traders Of Note:
- Intel Corporation (NASDAQ: INTC): High trading volume, closing at $20.05, down 0.99%.
- Nebius Group N.V. (NASDAQ: NBIS): Remained among the most actively traded stocks, reflecting increased investor interest.
- First Majestic Silver Corp. (NYSE: AG): Experienced elevated trading activity, closing at $8.38, up 15.20%.
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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