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Nasdaq Composite Today: COIN, BKNG, ON Are Tailwinds
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Key Points
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The markets came out of the gate strong, led by the Nasdaq Composite.
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Tariff relief is lifting sentiment.
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Most of the Mag 7 stocks are advancing, led by Tesla on bullish options activity.
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PLTR Nears $100
The Dow Jones Industrial Average rallied today, adding close to 600 points in a single session for a 1.4% gain. The Nasdaq Composite was the wind beneath its wings, climbing 2.2% while the S&P 500 tacked on 1.7%. President Trump’s easing of the tariffs unleashed the buying frenzy, sending nearly all sectors of the economy higher on the day, including a 4% gain in consumer discretionary stocks.
Tesla (Nasdaq: TSLA) rose by nearly 12% on the day, recouping recent losses. Favorable options trading activity was a catalyst.
United Airlines (Nasdaq: UAL) tacked on 7% on higher credit card and lounge prices.
Palantir Technologies (Nasdaq: PLTR) added 6.3% on bullish comments out of Wall Street about its role in AI. The stock is close to recapturing the $100 level if it can keep up the bullish momentum. Palantir has officially made its debut in the S&P 100 index.
Here’s a look at how the major indices finished this Monday:
Dow Jones Industrial Average: Up 597.97 (+1.42%)
Nasdaq Composite: Up 404.54 (+2.27%)
S&P 500: Up 100.01 (+1.76%)
Markets Flex
The markets are flexing their gains today, with all three of the major stock market indices holding onto earlier gains. Tariff relief out of the Trump administration has lifted the market mood. The Mag 7 stocks are participating in the rally, led by Tesla (Nasdaq: TSLA) with an 8% gain on bullish options activity.
The major indices haven’t budged much since our previous update, which based on recent trading trends is a good sign –
Dow Jones Industrial Average: Up 508.24(+1.2%)
Nasdaq Composite: Up 331.78 (+1.8%)
S&P 500: Up 84.55 (+1.5%)
If there was any question the the tariff headlines were the reason behind the rut, they’ve been erased today. The markets are experiencing much-needed relief after President Trump revealed a willingness to ease tariff rules. The Nasdaq Composite led the markets higher with a 1.6% advance, followed by gains of over 1% in both the Dow Jones Industrial Average and S&P 500 index. Each of the sectors of the economy tracked by Bloomberg are trading in the green today, led by consumer discretionary stocks with a 2.9% advance.
Cryptocurrency exchange Coinbase (Nasdaq: COIN) is gaining 4% on the day and contributing to the Nasdaq’s positive performance. The Trump administration’s friendly position on the blockchain industry has been a tailwind, as Coinbase would benefit from greater mainstream adoption of digital assets.
ON Semi (Nasdaq: ON) is also tacking on about 4% today. The stock is a play on both the semiconductor and electric vehicle space and has partnerships with companies like Volkswagen. The E-mini PHLX Semiconductor index is up 2.8% this morning.
Most of the Magnificent 7 stocks are rising this morning, led by Tesla (Nasdaq: TSLA)’s 8% advance. There is bullish options activity unfolding in the stock.
United Airlines (Nasdaq: UAL) is soaring 5% on the day on reports the airline will be raising its prices on credit cards and luxury lounge access, paving the way for greater revenue.
Here’s a look at the performance as of morning trading:
Dow Jones Industrial Average: Up 504.16 (+1.2%)
Nasdaq Composite: Up 335.38 (+1.8%)
S&P 500: Up 83.74 (+1.5%)
S&P 500 Rebalance: Who’s In and Out
The S&P 500 is welcoming the following stocks following a rebalancing. Here’s how they are trading:
DoorDash (Nasdaq: DASH) up 1.77%
TKO Group (NYSE: TKO) down 1.11%.
Williams-Sonoma (NYSE: WSM) up 1.6%
Expand Energy (Nasdaq: EXE) up 0.75%
The S&P 500 is releasing the following names. Here’s how they are trading:
BorgWarner (NYSE: BWA) up 2.1%
Teleflex (NYSE: TFX) up 0.22%
Celanese (NYSE: CE) up 2.3%
FMC (NYSE: FMC) up 0.5%
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