10 Firms Kick Off Trading Week Soaring

Wall Street’s main indices kicked off the trading week soaring on Tuesday amid a series of catalysts from President Donald Trump’s inauguration event that fueled investor sentiment.

The Dow rose by 1.24 percent, the S&P 500 rose 0.88 percent, while the Nasdaq Composite increased 0.64 percent.

On Tuesday, 10 companies—mostly under the space exploration, energy, and quantum computing sectors—registered the highest gains. In this article, let’s take a look at their impressive performance.

To come up with Tuesday’s top gainers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A person holding a cup of coffee while reading stock market data on a phone. Photo by Anna Nekrashevich on Pexels

10. AST SpaceMobile (NASDAQ:ASTS)

Shares of AST SpaceMobile (ASTS) rallied by 11.16 percent on Tuesday to close at $23.10 apiece as investor optimism was fueled by President Donald Trump’s plans to support a mission to send US astronauts to Mars.

While the company is not directly tied to space exploration, its technology and infrastructure could become an essential support to the broader space ecosystem.

At his inauguration on Monday, Trump said that the US “will pursue its manifest destiny into the stars, launching American astronauts to plant the Stars and Stripes on the planet Mars,” signaling a boost in investment support for the industry.

AST SpaceMobile (ASTS), a company dedicated to developing global satellite networks, stands to gain from a potential surge in investment and government backing for space initiatives. This support, coupled with technological synergies, could significantly advance efforts to send humans to Mars and further enhance the company’s capabilities in providing global connectivity.

9. Nuscale Power Corp. (NYSE:SMR)

Nuscale Power (SMR) rose for a second day on Tuesday, adding 16.57 percent to its valuation to end at $25.61 each following statements by President Donald Trump pledging support for the energy sector as a key driver in the resurgence of US manufacturing.

At his inauguration on Monday, Trump said that the US “will bring prices down, fill our strategic reserves up again right to the top, and export American energy all over the world.”

In addition, Nuscale earned a boost from a report by the International Energy Agency (IEA), posting a bullish outlook for the nuclear power sector at large, specifically small modular reactors (SMR), which Nuscale Power Corp. (SMR) is betting on as being particularly promising.

According to IEA, Nuscale Power’s SMRs in particular offer exciting growth potential.

The IEA also expects an all-time high production of nuclear power this year, saying that the energy source is making a strong comeback.