Major stock indexes saw gains on Wednesday as they bounced back from recent losses. Trump Media & Technology’s social media platform, Truth Social, surged 23% in its second day of trading.
The Dow Jones Industrial Average and S&P 500 rose by 0.6% in morning trading, attempting to reverse a three-day losing streak. The Nasdaq composite also gained 0.7% after opening bell.
The 10-year Treasury yield decreased to 4.22%, and oil prices dropped by 0.7% to around $81.10 a barrel for West Texas Intermediate futures.
Trump Media & Technology stock soared over 23% on Wednesday morning, with the company’s value reaching approximately $4.57 billion. Carnival and Cintas were notable movers in the market based on their earnings reports.
Disney, IBM, Arista Networks, and Duolingo were among the top companies to watch in the stock market today. Alphabet, DraftKings, Tesla, and Apple were also highlighted as leading stocks in the market rally.
