Wall Street finished Monday on a positive note, with major indices rallying as investors cheered on a wave of company news and market trends. The Dow Jones Industrial Average climbed 1.2% to close at 40,829.59, while the S&P 500 also gained nearly 1.2%, ending the day at 5,471.05. The Nasdaq mirrored the positive sentiment, closing at 16,884.60 after a 1.2% increase.
Here’s a rundown of the top five trending stocks that dominated Monday’s trading:
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Palantir Technologies Inc. (PLTR):
Palantir’s stock soared by a remarkable 14.08%, closing at $34.6 after hitting an intraday high of $34.7. The company’s inclusion in the prestigious S&P 500 index, scheduled for September 23, sparked the enthusiasm.*
Apple Inc. (AAPL):
Apple’s stock saw a marginal increase of 0.04%, closing at $220.91. The tech giant’s highly anticipated “Glowtime” event unveiled the new iPhone 16 series, designed with a focus on enhanced Apple Intelligence features.*
NVIDIA Corporation (NVDA):
Nvidia’s stock rose by 3.54%, closing at $106.47. The company is currently under an early-stage antitrust investigation by U.S. authorities, scrutinizing its potential dominance in the artificial intelligence chip market.*
Oracle Corporation (ORCL):
Oracle’s stock experienced a dip of 1.35%, closing at $139.89. However, the company reported strong first-quarter earnings, surpassing analyst estimates with $1.39 per share and $13.3 billion in revenue. The impressive growth was driven by a significant surge in cloud services. Oracle also announced strategic cloud partnerships with industry giants AWS and Google Cloud.*
