Hello readers,
Today, we witnessed significant movements in the stock market, with notable companies such as Nvidia, Tesla, and CrowdStrike making headlines.
Nvidia's stock surged by 4.8% following reports of the chip maker's development of AI chips compatible with U.S. export controls to China. On the other hand, Tesla saw a 5.2% increase after CEO Elon Musk announced plans for humanoid robots next year and potential high production for other companies in 2026.
However, not all tech companies experienced positive momentum. CrowdStrike, the cybersecurity firm involved in the recent global tech outage, faced a 13.5% decline, making it the worst performer in the S&P 500.
Amidst these market movements, the emergence of Kamala Harris as the likely Democratic nominee has drawn attention to potential shifts in policy views and governing style. Despite this, the market's overall sentiment towards the Democratic ticket remained relatively stable.
The S&P 500 gained 1.1%, the Nasdaq Composite jumped 1.6%, and the Dow increased by 0.3%.
For a more in-depth analysis of these events and their implications on the investment landscape, check out the sources below.
Stay tuned for more updates on the stock market!
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