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UP Fintech (TIGR) Operational Expenses Reduction Might Boost Earnings or Even Surprise
Colgate-Palmolive: A Durable Dividend Giant for Long-Term Income Investors
What Makes Jihon Stuck Into Southbound Stock?
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Below are Today's Key Takeaways.
Top News Move the Market
The Dow Jones Industrial Average added 741 points, while the S&P rose 2.1%, its biggest jump since May 12, when news of a rollback on tariffs between the U.S. and China sent the index 3.3% higher. NVIDIA up 3.2%; Advanced Micro Devices up 3.9%; Marvell Technology up 5.2%; AMC soared 24%.
Apple was up 2.5%. The stock fell 3% on Friday after Trump threatened a 25% tariff on iPhones sold in the U.S. unless the devices are made domestically. The president added later in the day that he also would place levies on Samsung and other smartphone manufacturers that import to the country to ensure fairness. Trump added the tariffs potentially would start at the end of June.
Tesla Motors shares rallied 6.9% even as the electric-vehicle maker's sales in Europe declined for a fourth straight month. Giving the stock a boost were comments from CEO Elon Musk, who said over the weekend that he had returned to Tesla -- and his other companies -- full time. The stock fell 3% last week, which ended a four-week winning streak. The Trump administration's tax-and-spending bill that was passed by the House of Representatives last week included measures that would require owners of electric and hybrid vehicles to pay annual fees, while the Republican-led Senate voted to revoke a California measure that banned the sale of new gasoline-powered cars by 2035.
Salesforce.com confirmed it would acquire data-management software company Informatica for $25 a share, or $8 billion in equity value. Salesforce stock rose 1.5% after declining 3.6% on Friday when reports of the deal were first announced. Informatica rose 6% on Tuesday to $23.91. It jumped more than 17% on Friday after the reports surfaced.
SUPER MICRO COMPUTER INC rose 3.7%. It ended a five-day losing streak. Coming into the session, shares of the artificial-intelligence server maker had risen 32% this year.
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