Live Nasdaq Composite: PLTR (Nasdaq: PLTR), APP (Nasdaq: APP) See Gains in Recovery Rally
Live Updates Live Coverage Updates appear automatically as they are published. Markets Extend Gains 10:13 am by Gerelyn Terzo The stock market is rallying and is not looking back. So far this morning, the major indices are racing to take back lost ground, led by a 3.9% jump in the Nasdaq Composite. Small-cap stocks are […] The post Live Nasdaq Composite: PLTR (Nasdaq: PLTR), APP (Nasdaq: APP) See Gains in Recovery Rally appeared first on 24/7 Wall St..
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Markets Extend Gains
The stock market is rallying and is not looking back. So far this morning, the major indices are racing to take back lost ground, led by a 3.9% jump in the Nasdaq Composite. Small-cap stocks are participating too, with the Russell 2000 index gaining 3.8%.
The Trump administration’s willingness to negotiate with China on tariffs has been the positive catalyst to unleash gains, alongside the president’s inclination to stick with Fed Chairman Jerome Powell. Hedge Fund manager Dan Loeb has been dumping Magnificent 7 stocks since they have been a drag this year after leading the broader markets higher for two years running.
The markets are unleashing gains amid indications that the height of the tariff wars is behind. President Trump revealed he is willing to come to the table with China on tariffs, hinting levies could even fall by 50%. He also addressed yet another worry that has been weighing on sentiment – the Fed. The president revealed he has zero plans to fire Fed Chairman Jerome Powell, giving the markets greater stability to stand on and boosting sentiment further.
AppLovin (Nasdaq: APP), a trader favorite, is rallying 11% on the day to above $260 per share. The stock has traded as high as $525 per share in the past 52 weeks due to FOMO surrounding this mobile technology company.
Cybersecurity play Crowdstrike (Nasdaq: CRWD) is advancing 6% today as the tech sectors recaptures lost ground. Palantir (Nasdaq: PLTR) is gaining over 7% today to above the $101 per share threshold as it gets closer to striking distance to its 52-week high of $125 per share.
Magnificent Seven stocks are leading today’s market rally, including gains of 4.4% and 5.7% in Nvidia (Nasdaq: NVDA) and Meta Platforms (Nasdaq: META). Hedge fund manager Dan Loeb reportedly revealed that he’s dumped nearly 100% of his Mag 7 stock holdings due to a rocky start to the year for the sector from the tariff impact. After leading stock market gains for two years, the Mag 7 stocks have reversed course to drag the broader markets lower in 2025.
Here’s a look at the performance as of morning trading:
Dow Jones Industrial Average: Up 781.37 (+1.99%)
Nasdaq Composite: Up 569.96 (+3.5%)
S&P 500: Up 135.93 (+2.6%)
Market Movers
Intuitive Surgical (Nasdaq: ISRG) is rising 6.3% today on the heels of its quarterly earnings print despite feeling the impact from tariffs.
Chip stocks are gaining, including Texas Instruments (Nasdaq: TXN), Applied Materials (Nasdaq: AMAT) and Intel (Nasdaq: INTC).
Boeing (NYSE: BA) is driving gains in the Dow Jones Industrial Average, rising 5.7% on a Q1 loss that was narrower than anticipated.
DoorDash (Nasdaq: DASH) is gaining 5% on the day after clinching some new corporate partnerships of late. Maplebear (Nasdaq: CART) stock, which is behind the Instacart brand, is up about 1% on the day.
The post Live Nasdaq Composite: PLTR (Nasdaq: PLTR), APP (Nasdaq: APP) See Gains in Recovery Rally appeared first on 24/7 Wall St..