What you need to know
- U.S. equities headed to Friday's early close—and the conclusion of November trading—in positive territory as the post-election market optimism continued.
- Elon Musk’s comments that he would be interested to buy Hasbro led to a rise in Hasbro share prices.
- Super Micro Computer stock fell on fears that the Nasdaq could delist the maker of servers.
U.S. equities were higher in morning trading in this shortened session, as the enthusiasm following the presidential election continued, helping stocks head toward strong gains for the month of November. The Dow Jones Industrial Average, S&P 500, and Nasdaq were up.
Elon Musk’s social media platform X hinted that he may be interested in purchasing the Hasbro toy company.
Unusual Machines’ (UMAC), which makes drone parts, saw its shares rise to new heights after Donald Trump Jr. joined its advisory board on Wednesday.
Bitcoin and other major crypto currencies rose in price, which helped to boost shares of MicroStrategy MSTR (the largest corporate bitcoin holder).
Super Micro Computer shares (SMCI), which have been on a rollercoaster for the past few months, continue to experience this. The shares of Super Micro Computer (SMCI) plunged again today, as it struggled to prevent being delisted by Nasdaq over accounting problems that had delayed its financial report.
Applied Therapeutics shares (APLT) plummeted after FDA rejected its New Drug Application (NDA), which was for the firm’s experimental treatment against a rare disease called Galactosemia.
The price of oil and gold advanced. The 10-year Treasury yield fell. The U.S. Dollar was little altered against the Euro and Pound, but it lost ground in relation to the Japanese yen.
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