Today At A Glance:
U.S. stocks closed higher as investors digested weekend U.S.–Iran military activity without panic, and drew confidence from dovish Fed signals. The Dow surged ~0.7%, with the S&P 500 climbing ~0.75%, and the Nasdaq gaining ~0.9%, led by strength in tech and defense . Tesla jumped nearly 9.7% after announcing its robo‑taxi rollout in Austin, marking one of the session’s best performers. Oil prices fell more than 5%, easing fears of supply disruptions, following Iran’s measured response. Market breadth was positive, volatility eased (VIX down ~7%), and investors remain focused on upcoming economic indicators and a potential July rate cut.
Today’s Index Performance:
- S&P 500 (via SPY): Opened at $595.02, closed at $599.96, up 0.96%.
- NYSE Composite: Balanced climb, backing the Dow’s ~0.7% gain amid broadly positive sentiment .
- NASDAQ (via QQQ): Opened at $526.74, closed at $531.71, up 0.93% on strong tech and auto‑defense names .
Gainers Of Note:
- Tesla (NASDAQ: TSLA): +9.7%, fueled by its robo‑taxi launch in Austin.
- Northern Trust (NASDAQ: NTRS): +7.3%, amid merger chatter with BNY Mellon.
- FactSet Research (NYSE: FDS): +3%, gaining after strong Q3 revenue and a new buyback plan.
Losers Of Note:
- Wolfspeed (NASDAQ: WOLF): −33%, sank on bankruptcy announcement.
- Hims & Hers Health (NASDAQ: HIMS): −34.6%, after its partner Novo Nordisk pulled out.
- Super Micro Computer (NASDAQ: SMCI): −6.1%, weighed by its $2 billion convertible note offering.
Active Traders Of Note:
- Hims & Hers Health (NASDAQ: HIMS): Extremely high volume (~170 M shares) on explosive losses .
- Wolfspeed (NASDAQ: WOLF): ~59 M shares traded amid its bankruptcy filing .
- Tesla (NASDAQ: TSLA): High activity, matching its sharp price move. Volume ranking top among Nasdaq movers.
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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