Stock Market Reaction and Top Gainers
On Election Day 2024, major U.S. indices ended on a positive note, reflecting investor optimism as election results began to roll in. The Dow Jones Industrial Average rose 1.02%, the S&P 500 increased 1.23%, and the Nasdaq climbed 1.4%.
Several stocks saw significant gains throughout the day, capturing the attention of retail traders and investors.
Despite a slight decrease of 1.16% at the close, Trump Media's stock experienced a surge during after-hours trading, driven by the ongoing U.S. elections and the company's third-quarter financial results.
Reddit's stock closed the day with a 12.58% increase, fueled by Election Day activity on the platform as voters shared opinions and local reports.
Devon Energy's stock closed with a 0.51% increase, exceeding analyst expectations with its third-quarter earnings report.
After facing scrutiny and a significant drop the previous week, Super Micro Computer's stock rebounded with a 6.42% increase.
Tesla's stock closed with a 3.54% increase, following CEO Elon Musk's denial of rumors about the company building a phone.
These are just a few of the top stocks that gained attention on Election Day 2024. The day's events and the ongoing election results will likely continue to influence market activity in the coming days and weeks.