News

U.S. stocks closed higher on Monday, led by gains in energy shares, as investors digested mixed economic data and corporate earnings reports. The Dow Jones Industrial Average gained 400 points, or 0.97%, to close at 41,888.57, while the S&P 500 rose 0.72% to 5,679.43 and the NASDAQ Composite Index climbed 0.33% to 17,812.14.

Crypto markets are in a holding pattern ahead of Wednesday's Federal Reserve meeting, with large transaction volume and daily active addresses increasing, but transactions exceeding $100,000 and exchange netflows declining. Despite the mixed signals, long-term holders are accumulating Bitcoin, capital inflows are increasing, and technical indicators suggest a potential breakout.

Luminar's lidar outperformed Tesla's Autopilot in detecting objects in heavy fog, simulated downpour, and even a "Wile E Coyote" wall test. This positive demonstration of lidar's capabilities has led to a significant surge in Luminar's stock price, highlighting the potential of this technology in the future of autonomous driving.

Discover Financial Services shares are experiencing a decline due to antitrust concerns surrounding their proposed merger with Capital One Financial. The U.S. Department of Justice is reviewing the deal, with potential opposition due to concerns about limited competition in the subprime lending sector.

Trump Media & Technology Group (DJT) insiders, CFO Phillip Juhan and director Eric Swider, sold substantial blocks of DJT shares last week, totaling over $731,000. This insider selling comes amidst a broader decline in DJT's stock price, which has fallen nearly 50% since President Donald Trump's return to the White House.