Curious about the top performers within the S&P500 index in the middle of the day on Monday? Dive into the list of today's session's top gainers and losers for a comprehensive overview.
Tesla shares are trading lower by 3.75% during Monday's session. The stock is pulling back amid overall market weakness following last week's 24% gain, its best performance of 2025.
Investors ditched worries, boosting ETFs like VanEck SMH (+13%) on chip stock rally, Virtus BBC (+7%) on biotech hope, Simplify TESL (+31%) on Musk's focus, Invesco SPHB (+11.5%) on risk appetite, iShares IBIT (+9.2%) on crypto optimism. Market sentiment received boost from easing US-China trade tensions and news of no Fed Chair firing. S&P 500 recovered 80% of its post-April 2 sell-off, but warning signs remain with slowing private sector growth, declining consumer sentiment, and rising inflation expectations. ServiceNow (+20%) and Northrop Grumman (-15%) had divergent earnings, while Tesla (+31%) surged on Musk's promise to focus on making EVs. This week's action will be crucial.
VinFast Auto (VFS) delivered 36,330 EVs globally in Q1 2025, up 296% YoY. E-scooter and e-bike deliveries also increased by 473%. Q1 earnings on June 9.
The Department of Government Efficiency (DOGE), spearheaded by Elon Musk, has reportedly saved $160 billion by eliminating wasteful government spending. However, a recent analysis reveals the amount that DOGE's actions will cost taxpayers.
David Sacks clarified that Elon Musk is not leaving the Department of Government Efficiency (DOGE) but is scaling back his involvement to focus more on Tesla, as the automaker's stock surged nearly 24% in the past five days.
A dramatic confrontation between the White House and the Federal Reserve has been put off – for now. Come Tuesday, Trump said he has “no intention” of firing Powell before his term ends.
