KUKE, MNY among major communication services gainers; CCG, DJT among losers
The stock market saw some significant movements today, with Kuke Music Holding (KUKE) leading the gainers with a 39% increase in its stock price. Following closely behind were GameSquare Holdings (GAME) and MoneyHero (MNY) with gains of 9% and 8% respectively.
On the other hand, Trump Media & Technology Group (DJT) saw a 17% decrease in its stock price, making it one of the biggest losers of the day. Cheche Group (CCG), PodcastOne (PODC), CuriosityStream (CURI), and Gaxos.ai (GXAI) also experienced losses ranging from 10% to 14%.
In terms of sector performance, the S&P 500 Communication Services sector was down 1.6% at $285.10. Telecommunication Services saw a slight decrease of 0.03%, while Media & Entertainment saw an increase of 1.8%.
Overall, it was a mixed day for the stock market, with some companies seeing significant gains while others experienced losses. Investors will be keeping a close eye on these trends in the coming days.