U.S. stocks closed | The three major indexes showed mixed performance, with the Nasdaq ending its four-day losing streak; the "Trump trade" hype continues, with Tesla rising over 5%, and DJT surging 16%.
Small cap stocks turned higher in late trading, with the chip index also rising over 1%. Nvidia cut its earlier 3.4% decline in half, Tesla surged 8.7% at one point, Ehang rose nearly 10% before reversing to a 7% decline, Xiaomi Group's ADR rose nearly 6%, and Bakkt, which is in talks with Trump media for acquisition, surged over 160% before being halted temporarily. Oklo, backed by Altman, surged 23% at one point, leading the nuclear power stocks.
Is Trump promoting the layout of the cryptos market? His company was reported to be in talks to acquire the trading platform Bakkt, which surged by 162%.
According to reports, the social media company owned by Trump is in deep negotiations to acquire the crypto trading platform Bakkt, causing a surge in the US stocks of BKKT, which triggered trading halts multiple times.
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