The stock market had a strong day of trading, with major indices like the S&P 500, Dow Jones Industrial Average, and Nasdaq all continuing their upward trajectory. The Dow Jones Industrial Average rose 0.4% to 38,001.81, while the S&P 500 increased 0.2% to 4,850.43. The tech-heavy Nasdaq appreciated 0.3% to 15,360.29 on Monday.
Several stocks captured the attention of retail traders and investors throughout the day. Here are some of the top performers:
1. Digital World Acquisition Corp (DWAC):
– DWAC saw an impressive surge of 88.36%, closing at $49.69.
– The stock reached an intraday high of $50.20 and a low of $29.21.
– This surge followed Florida Gov. Ron DeSantis’ endorsement of former President Donald Trump, impacting the SPAC set to merge with Trump Media & Technology Group.
2. Netflix Inc (NFLX):
– Netflix closed with a modest gain of 0.57%, reaching $485.71.
– The stock fluctuated between $479.90 and $489.80 during the day.
– Analysts are closely watching Netflix’s performance as the company prepares to report its Q4 earnings, especially in the context of its recent strategic moves and market positioning.
3. United Airlines Holdings, Inc. (UAL):
– United Airlines experienced a slight dip of 0.95%, closing at $38.45.
– The stock’s intraday movement ranged from $38.23 to $39.49.
– The company’s shares traded higher after reporting better-than-expected fourth-quarter results, with CEO Scott Kirby expressing optimism about the future.
4. Archer-Daniels-Midland Company (ADM):
– Archer-Daniels-Midland Company’s shares fell sharply by 24.20%, closing at $51.69.
– The stock hit an intraday low of $51.49 and a high of $57.76.
– The decline followed the company’s announcement of placing its CFO on administrative leave amid an accounting investigation.
5. Tesla Inc (TSLA):
– Tesla’s stock decreased by 1.60%, ending the day at $208.80.
– It oscillated between $206.27 and $217.80 during the session.
– CNBC’s Jim Cramer suggested Tesla’s removal from the “Magnificent Seven” index due to underperformance.
It was an eventful day in the stock market, with these stocks garnering significant attention. Investors and traders will continue to monitor their performance and look for potential opportunities.
Disclaimer: This article is for informational purposes only and should not be taken as financial advice.
