Stocks Rise as Investors Eye Trump Tariffs; Tesla, Coinbase, and MSTR Surge
Stocks edged higher on Monday as investors awaited President Donald Trump’s tariffs on imports from Canada, Mexico, and China, set to take effect on Tuesday. Shortly after the market opened:
📈 S&P 500 rose 0.07%
📉 Nasdaq dipped 0.06%
📈 Dow Jones Industrial Average climbed 0.2%
Stock Movers of the Day
🚗 Tesla (TSLA) Surges on Morgan Stanley Upgrade
Tesla (NASDAQ: TSLA) jumped over 3% after Morgan Stanley analyst Adam Jonas reinstated the EV giant as a “Top Pick” in U.S. autos.
🔹 New price target: $430 per share
🔹 Upside potential: 50%+ from its current level
📉 Broadcom (AVGO) Drops Ahead of Earnings
Broadcom (NASDAQ: AVGO) lost over 2% in early trading as investors brace for its earnings report on Thursday.
🛒 Kroger (KR) Falls on CEO Resignation
Kroger (NYSE: KR) stock fell 1.5% after CEO Rodney McMullen resigned following an investigation into his personal conduct. The news comes ahead of the company’s Thursday earnings report.
🚀 Crypto Stocks Soar on Trump’s Strategic Crypto Reserve Announcement
Donald Trump’s surprise “Crypto Strategic Reserve” announcement sparked a rally among crypto-related stocks:
📈 Coinbase (COIN) surged 5%
📈 MicroStrategy (MSTR) soared 11.6%
📈 Robinhood (HOOD) gained 4.5%
