By sector, stocks of space-related corporations rose after President Trump declared he would plant the U.S. flag on Mars. The stock price of Intuitive Machines soared 24% to $22.94, while Rocket Lab closed at $31.27, up 30.29%.
Ackman recently took activist investing to an even higher level. He wants -- and expects -- President-elect Donald Trump to make two stocks in his Pershing Square Capital Management portfolio big winners. Both stocks have already delivered gains of more than 6x in the last 12 months.
Stocks have had a tepid reaction to presidential inaugurations, although this time could be different given Trump's potential to be unpredictable and ability to shake up markets with his commentary.
Shares of Flowco Holdings opened nearly 21% above the initial public offering price in their market debut on Thursday, giving the oilfield services provider a market value of about $2.55 billion.
Trump's sweeping policy changes, cooling US Core CPI inflation data for December, a resilient economy, and a strong earnings season played a key role in the S&P500's rapid climb.
Stellantis (NYSE:STLA), and Delta Air Lines (NYSE:DAL) have each pledged $1 million to President-elect Donald Trumps inaugural fund, showcasing their commitment to engaging with the