Today’s Stock Market: Dow Jones Falls as AI Stock Surges; Donald Trump’s Stock Plummets Following Loss (Live Updates)

The stock market saw mixed results on Monday, with the Dow Jones Industrial Average closing lower while the Nasdaq managed a slight gain. Key players in the market included Monday.com, Nvidia, and Apple, all of which received positive analyst comments. However, Trump Media & Technology experienced a decline following earnings.

Stocks were off highs as concerns about a potential attack by Iran on Israel loomed. This led to a 0.4% decline in the Dow Jones Industrial Average and a 0.2% fade in the tech-heavy Nasdaq composite. Despite this, AI play Super Micro Computer surged more than 6%, while new issue Grail lagged and fell nearly 5%.

The S&P 500 posted a minuscule gain with technology and energy sectors being the only positive performers. Insulet ended the session up more than 3%, while Albemarle plunged nearly 7%. Breadth was disappointing, with decliners outnumbering advancers on both the New York Stock Exchange and the Nasdaq.

The Russell 2000 tumbled nearly 1%, and the midcap S&P 400 slid 0.6%. However, the Innovator IBD 50 ETF closed the session up 0.2%. Treasury yields fell ahead of important inflation data releases, with the 10-year Treasury note dropping four basis points to 3.9% and the two-year note slipping four basis points to 4.01%.

In company news, Trump Media & Technology saw its stock dive after posting another quarterly loss. Despite narrowing losses and a decrease in net loss, the company experienced a 30% drop in net sales. Operating costs also surged, leading to a more than 5% decline in the stock price.

Meanwhile, Starbucks was a standout performer, rising more than 2% amid reports of activist investor Starboard Value taking a stake in the company. Starbucks has been facing pressure from falling sales in key markets, but investor interest could signal potential changes ahead.

Eli Lilly also received an upgrade from Deutsche Bank, boosting its stock price. The drug giant rejoined the Leaderboard list of top stocks and saw a spike in its relative strength line. On the other hand, Monday.com experienced a significant jump in stock price following strong second-quarter results and raised revenue guidance.

Looking ahead, the stock market remains volatile as investors await key inflation data releases. It’s important for investors to closely monitor market trends and stock performance to make informed decisions in the current market environment.