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[Winners Announcement:28 Apr]
1.Here are the 3 Tigers whose post has the best quality & interaction yesterday: @nerdbull1669 @JC888 @yourcelesttyy
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Strategy (MSTR) Earnings Could Be Helped By Bitcoin If We See Crypto Rally
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Below are Today's Key Takeaways.
Top News Move the Market
The S&P 500 closed a choppy session nearly unchanged on Monday, weighed down by megacaps as investors awaited several catalysts including key economic data and earnings from some of the largest U.S. companies.
Nvidia was down 2.1%. Shares fell on a report that Huawei Technologies has developed a new chip called the Ascend 910D, hoping it would be more powerful than Nvidia's H100. The artificial intelligence giant's market in China was already set to shrink after the Trump administration said it would impose license requirements on future sales of its H20 accelerators, which were specifically designed to meet U.S. sanctions on Chinese AI exports. The stock closed up 4.3% on Friday.
Tesla rose 0.3% to $285.88 to extend its winning streak to five days. Shares of the electric-vehicle maker closed above their 50-day moving average on Friday. Tesla reported earnings on Tuesday evening, and despite a disappointing first-quarter print, the stock rose after CEO Elon Musk said he would spend less time in Washington, D.C., and more time at Tesla headquarters. A positive reaction to earnings has brought $300 into play, said ChartSmarter founder and market technician Douglas Busch, who sees a "decent chance" the stock can rise as high as $360.
President Trump is expected to soften the impact of his automotive tariffs, preventing duties on foreign-made cars from stacking on top of other tariffs he has imposed and easing some levies on foreign parts used to manufacture cars in the U.S., according to people familiar with the matter.
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