Nasdaq & Dow Jones: Biggest Winners And Losers
As the new week begins, the Dow Jones and Nasdaq have reached new highs. As a heavy technology stocks holder, the NASDAQ Composite ended the trade cycle at 18,472.57, up 74.12 points, or 0.40%. Among the stock winners and losers today, several companies have experienced significant movements.
Almost half of the stocks that make up the DJIA are up for the day. The Dow Jones Industrial Average ended the day at 40,211.72. It went up by 0.5% or 210.82 points. This marks the index’s 20th record close of the year. Besides, it’s the first new record close since May 17.
For the last four days, the Dow has been rapidly increasing. Are new gains right around the corner?
Market Gains Fueled by a Political Controversy
The failed assassination attempt on former President Donald Trump, who is also a current presidential candidate, became the main topic of discussion this week. Following this news, the US markets ended Monday’s session with significant growth.
Investors are predicting a high chances of Donald Trump winning the upcoming election, which has heavily fueled the stocks in this optimistic atmosphere.
Remarkably, his company has shown one of the best results among NASDAQ stock winners today. Trump Media & Technology (NASDAQ: DJT) shares have gone up 56% right after a shooter attempted to assassinate the politician.
Dow & Nasdaq Winners
Among Dow, Caterpillar Inc. (DJIA: CAT) is up a remarkable 54% from its 52-week low of $223.76. The stock recorded its lowest point in November of last year. Ever since, it has climbed nearly 3% to $345.41 per share.
In the same manner, Phunware (NASDAQ: PHUN) stock has surged by 43%, bringing exceptional gains to the shareholders.
Another absolute winner among top gainers today is Pop Culture (NASDAQ: CPOP). The stock’s heavy pre-market trading paved the path for shares to rise by almost 38%.
Following the list, Crown LNG (NASDAQ: CGBS) shares reached an 18% growth rate. Considering today’s intense morning trading, the stock is moving toward even higher gains from now on.
In the crypto sector, the Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ: BTFX) closed with an 18% surge fueled by the recent Bitcoin rally.
Nasdaq Losers Today
Among the Nasdaq stock losers today, one of the less fortunate stocks was Locafy (NASDAQ: LCFY). The stock has dipped by 15%.
A Middle Eastern start-up, Gamer Pakistan (NASDAQ: GPAK), has shown one of the worst losses. It dipped by more than 25% without any clear predominates. Similarly, Qualigen Therapeutics (NASDAQ: QLGN) futures plummeted over 23% right after a successful rally.
Biogen (NASDAQ: BIIB) fell by 3.74%, while another major player, Dollar Tree (NASDAQ: DLTR) decreased by 3.27%, respectively.
Starbucks (NASDAQ: SBUX) joined the stock losers, falling by 2.82%. Likewise, Lululemon (NASDAQ: LULU) fell by 2.82.
Another consequential loser was a Chinese company, Pinduoduo (NASDAQ: PDN). The stock went down by 3.11.
Dow Jones Losers Today
Currently, markets continue to assess the likelihood of a future rate decrease by the Federal Reserve (Fed). As a result, the Dow Jones Industrial Average (DJIA) surged to a new all-time high on Monday, reaching 40,346.22 before readjusting to around 40,200.00 by the end of the day.
Despite the successful close of the trading session overall, some stock losers have had an unexpected fallout. One of the most significant losers on Monday was Hasbro.
The shares of Hasbro Inc. (HAS) dwindled by 0.39% to $59.51, closing $14.07 below its previous value. Unfortunately, this sudden fall has ended the stock’s three-day winning streak.
Nike Inc. (NKE), which fell 2.2% to $71.80 a share on Monday, leads the losers on the Dow Jones index. Following a significant reduction in the company’s latest earnings report, Nike continues to lose investor interest. From a high of $123.39 in December last year, Nike shares have declined by 41%.
