Wall Street’s main indices kicked off Monday’s trading with a strong finish, ending in the green territory as investors hoped President Donald Trump would dial back on his wide-ranging tariff plans to allow the US to skirt an economic slowdown.
The Nasdaq posted the largest gain, up 2.27 percent, followed by the S&P 500, up 1.76 percent, and the Dow Jones, at 1.42 percent.
Ten companies under the micro- and small-cap sectors mirrored the broader market optimism, registering double- to triple-digit gains at intra-day trading. In this article, let us explore the reasons behind their gains.
To come up with the list, we considered only the stocks with the highest gains in terms of percentage change.
A man in long sleeves looking at stock market data. Photo by Tima Miroshnichenko on Pexels
10. Dominari Holdings Inc. (NASDAQ:DOMH)
Dominari Holdings saw its share prices jump by 41.6 percent at intra-day trading on Monday before finishing the day just up by 32.93 percent at $5.49 apiece, in line with the overall market sentiment and general optimism following the addition of President Donald Trump’s sons to the advisory board.
The president’s sons, Donald Jr. and Eric joined the board last month after investing in the company through a private placement.
DOMH was one of the small companies they were directly invested in, after e-commerce platform Public Square, drone manufacturing Unusual Machines, and financial services firm Differentiated Analytics, among others.
Following their board membership, Dominari Securities CEO Kyle Wool said that he was thrilled with the addition of Donald Jr. and Eric, saying that their invaluable leadership and strategic insight will be highly beneficial for our firm.
“Their guidance is expected to be instrumental as we continue to seek attractive investment opportunities, particularly in the rapidly evolving AI and Data Center sector,” he said.
9. Lotus Technology Inc. (NASDAQ:LOT)
Lotus Technology grew its share prices for a second day on Monday, jumping by 53.16 percent at intra-day trading before ending the day just up by 38.6 percent at $2.19 each as investors resorted to bargain-hunting after the company fell to a new record low last week.
Headquartered in Wuhan, China, LOT designs, develops, and sells luxury lifestyle battery electric vehicles.
However, the company appears to be lagging in stock performance as year-to-date share prices were markedly down by 39.6 percent.
Last week, LOT announced that its Lotus Robotics joined forces with CaoCao Mobility, a leading ride-hailing service provider in China, to launch an innovative intelligent mobility platform for robotaxis, representing a major breakthrough in intelligent mobility for the rail-hailing industry.
The partnership would integrate Lotus Robotics’ cutting-edge intelligent driving solutions with CaoCao Mobility’s operational expertise in large-scale ride-hailing services to accelerate the deployment of intelligent ride-hailing services across China.
