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Trump Media, Tesla, Palantir and More
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Trump Media, Tesla, Palantir and More

Key Takeaways

  • While investors awaited the results of the US presidential elections, major US indices gained value at noon on Tuesday.
  • Shares of Trump Media & Technology Group, the social media company majority owned by former President Donald Trump, rose as some forecast markets showed the advantage shifting toward Trump.
  • Archer-Daniels-Midland shares fell after the company said it would restate results due to accounting issues and preliminary earnings results fell well short of forecasts.

While investors awaited the results of the US presidential elections, major US indices gained value at noon on Tuesday. The S&P 500, Nasdaq and Dow were up.

shares Trump Media and Technology Group (DJTThe social media company, majority owned by former President Donald Trump, rose as some forecast markets showed the advantage shifting towards Trump.

Shares of Tesla (TSLA) also gained amid expectations that electric vehicle (EV) manufacturers would benefit no matter which candidate wins the election.

Palantir Technologies (PLTR) was the best-performing stock in the S&P 500 after the data analytics software maker reported better results than expected On strong demand for artificial intelligence (AI) platform.

Nvidia (NVDA) shares climbed, pushing the chipmaker back to the top spot It is ahead of Apple in the list of the world’s most valuable companies in terms of market value (AAPL).

Archer-Daniels-Midland (ADM) shares tumbled after the agricultural commodity producer said it would restate previous results and canceled its earnings conference call due to accounting errors. The company’s first three-month profit was also well below expectations.

Shares of Celanese (CE) collapsed after its chemical supplier cut off fuel dividend and announced plans to cut production due to weak demand, showing that it expects this situation to continue in this quarter.

NXP Semiconductors (NXPI) shares fell after the chipmaker warned of weakening demand for industrial products along with weakness in European and American markets.

Oil and gold futures gained value. The yield on the 10-year Treasury note rose. The US dollar lost value against the euro, pound and yen. Prices of most major cryptocurrencies rose and Bitcoin traded above $70,000 again.

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