Tesla and cryptocurrency stocks surge in premarket trading
cnbc.com —
Tesla shares rose 7% in premarket trading, building on last week's 29% increase. The stock's surge follows Donald Trump's presidential victory, pushing Tesla's market value above $1 trillion. Cryptocurrency-related stocks also gained, with Bitcoin surpassing $82,000. Coinbase jumped 15%, MicroStrategy increased by 11%, and Robinhood rose about 7%, as investors expect a Trump administration to favor the crypto industry. Cigna's stock climbed 8% after it announced it would not pursue a merger with Humana. RadNet shares surged 15% due to strong earnings, while Cisco gained 1.6% after a JPMorgan upgrade.