Stocks rose Monday and the Dow Jones Industrial Average set an intraday high following the attempted assassination over the weekend of Former President Donald Trump and as investors turned their attention to a week filled with corporate earnings reports.
These stocks were making moves Monday:
Trump Media & Technology Group
jumped 35% to $41.60 on increasing bets that Trump would win the U.S. presidential election after the assassination attempt and after the criminal classified documents case against the former president was dismissed. Trump Media owns the Truth Social media platform.
was rising 4.9%. The stock jumped as CEO Elon Musk endorsed Trump in the race for the White House following the assassination attempt. Al Root of Barron’s noted the endorsement was significant for
because the former president has been critical of electric vehicles. Any softening of his stance toward the technology would benefit Tesla and other EV makers.
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rose 1.2% after second-quarter earnings beat Wall Street expectations. Goldman earned $8.62 a share in the second quarter, beating estimates of $8.35. Investment banking fees in the period jumped 21%. The company raised its quarterly dividend to $3 a share from $2.75.
will replace
in the
index before the start of trading on July 22. The Nasdaq 100 is comprised of 100 of the largest nonfinancial companies in the
Server maker Super Micro fell 2.3%. The stock has risen 219% this year while Walgreens has fallen 56%.
was rising 1% after The Wall Street Journal reported subsidiary Google was nearing a $23 billion deal for cybersecurity start-up Wiz in what would be the search giant’s largest acquisition ever. A deal could come together soon, the report said, citing people familiar with the matter. The acquisition would boost
Alphabet
’s
efforts in cloud computing.
gained 2.2% to $235.60. Shipments of the company’s iPhones rose 1.5% in the second quarter from a year earlier to 45.2 million units, according to data from research firm International Data Corp., behind
Samsung
’s
53.9 million units, which gained 0.7%.
Apple
’s
share of global shipments, however, fell to 15.8% from 16.6% a year earlier. Apple received a boost from improved performance in China and other key regions, IDC said. Meanwhile, analysts at
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boosted their price target on Apple to $273 from $216 and maintained their Overweight recommendation.
tumbled 12% after the department-store chain said it terminated buyout discussions with Arkhouse Management and Brigade Capital Management.
said its board unanimously agreed to end the discussions with the private-equity firms that have “failed to lead to an actionable proposal with certainty of financing at a compelling value.”
fell 13% after the company announced it will cut 400 jobs as challenges remain in the solar market. The company said sales volumes have been lower than the rate of installations. Fellow solar stocks tumbled, falling on expectations that Trump, who has been critical of clean energy, could win the presidency in November.
was down 7.9% and
declined 4%.
the world’s largest money manager, reported second-quarter adjusted earnings of $10.36 a share, topped analysts’ forecasts of $9.96. The stock was up 0.4%.
Earnings reports are expected later in the week from
ASML
,
Taiwan Semiconductor Manufacturing
,
Netflix
,
and
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Write to Joe Woelfel at joseph.woelfel@barrons.com
