10 Top-Traded US Stocks for Monday (6/21)
During Monday's regular session, the $Dow Jones Industrial Average(.DJI.US$ rose 586.89 points, or 1.76%. The $S&P 500 Index(.SPX.US$ ended the day up 1.4% and the $Nasdaq Composite Index(.IXIC.US$ rose 0.79%.
Stocks staged a strong rebound on Monday, Fed may start removing stimulus
The indexes recouped some of last week's steep losses when the Federal Reserve's updated projections on inflation cued a sell-off. Commodity stocks like $Devon Energy(DVN.US$ and $Occidental Petroleum(OXY.US$ led the market comeback Monday after being hit hard last week. $Norwegian Cruise(NCLH.US$ and $Boeing(BA.US$ climbed more than 3% as the economy continues to reopen.
Federal Reserve Chairman Jerome Powell will testify before the House of Representatives Tuesday on the central bank's response to the pandemic. His remarks, which were released ahead of the hearing Monday evening, are likely to support the notion that the Fed is ready to soon start discussing removing some of its unprecedented stimulus measures enacted during the pandemic.
10 top-traded US stocks for Monday
Big tech names continued to take most positions of the rank in terms of turnover.
$Tesla(TSLA.US$ ranks the most heavily traded stock and closed 0.4% lower. Elon Musk tweeted Monday he's "looking at holding" a day dedicated to showcasing the electric-car maker's "progress" in its artificial-intelligence systems. The event would take place in about a month and would be used to boost recruiting.
$Apple(AAPL.US$ and $Microsoft(MSFT.US$ rank fifth and sixth, riding the wave of the market to gain more than 1%.
$Shopify(SHOP.US$ hit an all-time high in intraday trading on Monday as enthusiasm builds for the e-commerce powerhouse ahead of its annual developer conference. Analyst says June 29 conference may bring the announcement of ad-related offering.
$ContextLogic(WISH.US$ ranks eighth. It just inked a two-year deal with a leading online e-commerce platform, which caused shares to rise nearly 13%. Also, investors suspect that WISH could be entering the meme mania territory now.
$Torchlight Energy Resources Inc(TRCH.US$ ranks the ninth top-traded stock. Its stocks soared 58% on Monday after it extended the closing date of its merger with advanced materials manufacturer Metamaterial. The two agreed to push back the transaction date to June 30. This will give Torchlight enough time to pay its shareholders the special dividend it announced on June 14.
$Facebook Inc(FB.US$ ranks tenth.
Read more:
Market Recap: Dow surges nearly 590 points, books best day since March
News Highlights: Top company news on 6/21
Discussion: Is the market under a correction or before a rebound?
Source: Dow Jones
$Tesla(TSLA.US$ $NVIDIA(NVDA.US$ $AMC Entertainment(AMC.US$ $Apple(AAPL.US$ $Shopify(SHOP.US$ $ContextLogic(WISH.US$ $Torchlight Energy Resources Inc(TRCH.US$ $Facebook Inc(FB.US$ $Amazon(AMZN.US$ $Apple(AAPL.US$
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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