Markets Close Mixed as Tech Drives Nasdaq, eToro Surges on Nasdaq Debut
New York, USA: US stock markets wrapped up a choppy trading session with mixed results— the S&P 500 edged up 0.1%, the Dow slipped 0.2%, and the Nasdaq rose 0.7%. Major tech names, including chipmaker Nvidia, propelled the Nasdaq higher, buoyed by new investment deals from the Middle East. eToro, the Israeli-founded stock and cryptocurrency trading platform, jumped over 30% upon its Nasdaq debut, surpassing its initial IPO valuation. Observers link the gains to renewed optimism for IPOs in 2025 following months of caution. Meanwhile, Tesla shares ticked upward on news that CEO Elon Musk may be awarded a new compensation package.
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Key Entities
- • S&P 500, Dow Jones Industrial Average, Nasdaq Composite: Benchmark US stock indices representing broad market trends.
- • eToro: A social trading and multi-asset brokerage company, focusing on stocks, cryptocurrencies, and more.
- • Tesla (Elon Musk): EV and clean energy giant, often influencing broader tech sentiment with its stock movements.
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