Let's delve into the developments on the US markets in the middle of the day on Monday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.
The biggest names in tech, e-commerce, and digital transformation are in the Nasdaq 100 (^NDX), but only a few are leading the pack.
Some companies in this index are proving their resilience and expanding their competitive advantages.
Join us in exploring the top gainers and losers within the S&P500 index one hour before the close of the markets on Friday as we examine the latest happenings in today's session.
Jim Lebenthal of Cerity Partners mentioned that Adobe crossed above the 50-day moving average and believes it will continue to have positive growth. Louise Pentland was appointed as chief legal officer at Adobe. Joseph M. Terranova sees Microsoft as the best stock in the market, supported by Citigroup's Buy rating. Kinetik has a 7% dividend yield and Kinsale Capital was named as a final trade by Joshua Brown. Both companies had better-than-expected earnings. Adobe closed at $404.69, Microsoft at $453.13, Kinetik at $45.20, and Kinsale Capital at $459.57.
Large-cap stocks usually command their industries because they have the scale to drive market trends.
The flip side though is that their sheer size can limit growth as expanding further becomes an increasingly challenging task.
