Stocks see significant midday moves with Tesla rising 7% and AbbVie falling 12%

In midday trading, Tesla shares rose 7%, continuing last week's 29% gain amid investor optimism regarding a potential Trump administration. AbbVie’s stock fell 12% after its schizophrenia drug failed to show significant improvement in trials, while Bristol-Myers Squibb gained nearly 12%. Super Micro Computer's shares dropped 8% following the resignation of its auditor and disappointing revenue results. Meanwhile, crypto stocks surged, with Coinbase up 20% and MicroStrategy rising 19%, as investors reacted positively to the election results. Major banks like Wells Fargo and Bank of America saw gains, driven by expectations of looser regulations. Cigna's shares increased 8% after announcing it would not pursue a merger with Humana, which fell 8%. RadNet shares jumped over 18% after reporting strong earnings.