Dow Jones futures, as well as S&P 500 futures and Nasdaq 100 futures, showed little movement as the stock market prepared to open on Tuesday. Trump Media (DJT), the parent company of Truth Social, saw a significant increase in its stock value after a failed assassination attempt on former President Donald J. Trump.
The aftermath of the failed assassination attempt brought attention to Trump Media, with the company’s stocks rising by 31% on Monday. Additionally, there were developments in the legal case involving classified documents against Trump, with the indictment being dismissed due to improper appointment of the special counsel.
Following the incident, Trump received endorsements from prominent figures in the investing and business world, such as Tesla CEO Elon Musk and billionaire Bill Ackman. The cryptocurrency market also saw positive movement, with Bitcoin’s price increasing by more than 5% to trade around $63,300.
The upcoming economic data for the week includes retail sales figures, which are expected to show a slight dip following the previous month’s modest rise. Companies like Netflix, ASML Holding, and Taiwan Semiconductor are set to release earnings reports, highlighting the week in the stock market.
As the market opened on Tuesday, the Dow Jones Industrial Average, S&P 500, and Nasdaq all showed gains on Monday. Companies worth watching include Axos Financial, Carvana, KB Home, and Palantir Technologies. Additionally, stocks like Amazon, American Express, Apple, Goldman Sachs, and Microsoft are among the top companies to keep an eye on.
Overall, the stock market remains active with various opportunities for investors to explore. It is essential to stay informed through resources like IBD’s stock lists and market analysis to make informed decisions in the current market environment.
