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Below are Today's Key Takeaways.
Top News Move the Market
U.S. stocks closed slightly lower after a choppy session on Monday, as investors prepared for a crucial week in which Americans will elect a new president and the Federal Reserve will announce its policy statement.
Nvidia, Intel, Apple - Nvidia was rising 0.5% after it was announced Friday that the chip maker, which has experienced a demand surge for its graphics processing units to power artificial-intelligence applications, would be replacing fellow semiconductor company Intel in the Dow Jones Industrial Average, prior to the opening of trading on Nov. 8. Intel fell 2.9%.
Tesla - Tesla shares dropped 2.5% on Monday. The U.S. automaker sold 68,280 China-made electric vehicles in October, down 5.3% from a year earlier, data from the China Passenger Car Association (CPCA) showed on Monday. Deliveries of China-made Model 3 and Model Y vehicles fell 22.7% from the previous month.
Trump Media & Technology - Shares of Trump Media & Technology Group were up 12.4% after the stock tumbled 14% on Friday. Trump Media owns the Truth Social platform and is majority-owned by former President Donald Trump. The election for U.S. presidentis Tuesday and polls show the race between Trump and Vice President Kamala Harris remains tight.
Palantir Technologies on Monday raised its annual revenue forecast for the third time, betting on strong spending from governments and rising demand for its software services from businesses looking to adopt generative AI technology.Shares of the company rose about 13% in extended trading.
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All right, here is all the market information we would like to share with you๏ผ
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