U.S. stocks showcased a positive momentum as the trading day approached its end. The Nasdaq Composite exhibited a notable rise, gaining more than 1% on Monday. The tech-heavy index closed at 13,917.89 for the day.
The Dow Jones Industrial Average also reflected an upward trend, increasing by 0.25% to reach 34,663.72. Similarly, the S&P 500 index followed suit, marking a 0.67% rise to settle at 4,487.46.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Oracle Corporation (NYSE:ORCL)
Oracle’s stock performance for the day saw a slight increase of 0.31%, closing at $126.71. The stock reached an intraday high of $127.42 and a low of $124.72. Its 52-week range spans from $60.78 to $127.54. Oracle reported a first-quarter revenue of $12.45 billion, marking a 9% year-over-year growth. The company’s cloud revenue, which totaled $4.6 billion, saw a significant 30% increase from the previous year. Larry Ellison, Oracle’s Chairman and CTO, emphasized the potential of Generative AI, hinting at its transformative capabilities.
Tesla, Inc. (NASDAQ:TSLA)
Tesla’s stock surged by a remarkable 10.09%, closing at $273.58. ...