Market Movements: EV Stocks and Tech Giants Dominate Early Week Trading
Tesla shares surged as CEO Elon Musk purchased $1 billion worth of stock, signaling confidence amid a volatile EV market. BYD retreated as competition concerns weighed on sentiment, while Nvidia faced regulatory headwinds in China.
Opendoor gained traction with its founders' return, and Micron Technology drew analyst attention ahead of earnings. Broadcom made headlines alongside insider selling activity, and Check-Cap skyrocketed following a merger announcement.
Benchmark Co. endorsed Paramount Skydance, while Monte Rosa Therapeutics rallied on its Novartis partnership. Major indices climbed as US-China trade talks loomed, reflecting cautious Optimism in traditional markets.