May 27, 09:47 PM

S&P 500 Adds $1 Trillion as Tesla Jumps 6.85%, 'TACO Trade' Gains Traction, Nvidia Earnings Eyed

The S&P 500 closed up 2.05% on the day, adding approximately $1 trillion in market capitalization. Tesla was the best-performing stock among the Magnificent 7, rising 6.85%. Other major technology stocks also posted gains, with Nvidia up 3.21%, Apple up 2.53%, Amazon up 2.50%, and Meta up 2.43%. Energy and banking sectors also saw significant increases. A new term, the 'TACO trade,' standing for 'Trump Always Chickens Out,' has become mainstream on Wall Street. The acronym was coined by Robert Armstrong of the Financial Times and is being widely discussed as a factor influencing market sentiment, particularly on what has been dubbed 'TACO Tuesday.' The market rally was characterized as a 'Taco Tuesday rally,' with Tesla leading new buying trends. Investors are also monitoring upcoming earnings reports from Nvidia.

#Tesla #Nvidia #Apple #Amazon #Meta #Trump Always Chickens Out #Wall Street #Robert Armstrong #Financial Times #TACO #Taco Tuesday

Written with ChatGPT (GPT-4).

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S&P 500 Adds $1 Trillion as Tesla Jumps 6.85%, 'TACO Trade' Gains Traction, Nvidia Earnings Eyed

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