Stocks Surge as Dow Jones Gains, Plug Power Plummets

The Dow Jones Industrial Average gained nearly 320 points or 0.9% after the release of economic data indicating a cooling economy. The S&P 500 rose 1.4% and the Nasdaq led with a 2% gain. Chip stocks, including Taiwan Semiconductor, rose after reporting strong October revenue growth. Cathie Wood's ARK Invest has been accumulating shares of Taiwan Semiconductor since June. Other notable movers included Copart, Affirm, Trade Desk, Unity Software, Plug Power, Marvel Technology, Axcelis Technologies, Aehr Systems, Illumina, Wynn, Blink Charging, and Doximity.