Trump-Linked Digital World Acquisition, Nvidia, Micron Technology, StoneCo, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Major U.S. indices ended in the green on Monday with the Dow Jones Industrial Average gaining 0.2% to 38,790.43 and the S&P 500 rising 0.6% to 5,149.42. The Nasdaq was up 0.8% at 16,103.45 at the end of the day.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Digital World Acquisition Corp (NASDAQ:DWAC)
The stock of DWAC plummeted by as much as 8.74% to $35.58 today, hitting a 7-week low. This occurred as Trump’s attempts to secure a bond to cover a $454 million judgment in a New York civil fraud case were rejected by 30 surety companies, bringing him closer to the potential seizure of his properties.
Nvidia Corporation (NASDAQ:NVDA)
Nvidia’s stock rose by 0.70% to $884.55 today. The company’s GPU Technology Conference (GTC) event, dubbed as the "AI Woodstock" by Bank of America analysts, has been a major catalyst for the surge in AI-related stocks.
Micron Technology, Inc. (NASDAQ:MU)
Micron Technology’s shares traded higher today after multiple analysts lifted price targets on the stock ahead of earnings. The stock rose by 0.57% to $93.78.
StoneCo Ltd. (NASDAQ:STNE)
StoneCo’s shares fell after the company reported its fourth-quarter financial results. Despite a growth of 20.1% year-over-year, the company’s quarterly sales of R$3.25 billion ($171.6 million) missed the R$3.42 billion estimate. The stock fell by 0.98% to $17.47.
Tesla Inc. (NASDAQ:TSLA)
Tesla’s shares traded higher today after the company announced it would increase Model Y prices in several countries. The stock rose by 6.31% to $173.88.
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