Trump Media, Tesla, Palantir and others

Major U.S. indexes gained midday Tuesday as investors awaited the results of the U.S. presidential election. The S&P 500, Nasdaq and Dow were all higher.

Actions of Trump Media & Technology Group (DJT), the social media company majority-owned by former President Donald Trump, surged as some prediction markets showed the advantage going to Trump.

Tesla shares (TSLA) also won amid expectations that the electric vehicle (EV) maker could benefit regardless of which candidate wins the election.

Palantir Technologies (PLTR) was the best-performing stock in the S&P 500 after the data analytics software maker reported better than expected results to the strong demand for it artificial intelligence (AI) platform.

Nvidia (NVDA) shares rose, pushing the chipmaker back into the top spot on the list of the most valuable companies in the world by market capitalization, ahead of Apple (AAPL).

Archer-Daniels-Midland (ADM) shares tumbled after the agricultural commodity maker said it would restate earlier results and canceled an earnings conference call due to accounting errors. The company’s preliminary quarterly profit was also well below forecasts.

Celanese shares (WHAT) sank after the chemical supplier cut its dividend and announced plans to cut production due to weak demand, suggesting it expects that to continue in the current quarter.

NXP Semiconductors (NXPI) shares fell as the chipmaker warned of weakness in European and US markets as well as lower demand for industrial products.

Oil and gold futures won. The yield on the 10-year Treasury note rose. The US dollar lost ground against the euro, the pound sterling and the yen. Prices for most major cryptocurrencies were higher, with Bitcoin once again trading above $70,000.