Market Update: Top S&P Movers on Monday

The market saw some interesting movements on Monday, with various stocks experiencing significant gains and losses. Here are some of the top movers in the S&P 500:

**Gainers:**
1. **Axon Enterprise (AXON):** Shares of the manufacturer of law enforcement devices surged 5.5% following the weekend’s political violence, making it the top performer in the S&P 500.
2. **Paycom Software (PAYC):** The cloud-based human resources software provider saw a 5.2% jump after positive comments from Zacks Equity Research, highlighting its potential for value investors.
3. **APA Corp. (APA):** The oil exploration firm’s shares rose 5% as the energy sector performed well amid expectations of a Trump election victory.

**Decliners:**
1. **AES Corp. (AES):** The green energy utility company suffered the steepest losses, plunging 10% due to the unfavorable political outlook for renewables.
2. **SolarEdge Technologies (SEDG):** The company announced layoffs and saw its shares plummet 15% as a result of a buildup of inventory and a slowdown in Europe’s solar markets.
3. **Ralph Lauren (RL):** The luxury lifestyle firm’s shares fell 5.8% due to macroeconomic challenges and elevated operating expenses.

In other news, Tesla’s stock rose as CEO Elon Musk announced a delay in the robotaxi debut event to implement a design change. Bitcoin also saw a surge above $63,000, attributed to the likelihood of a Trump presidency being positively correlated with the cryptocurrency’s price.

Meanwhile, Apple hit a new high on optimism surrounding its AI capabilities, Macy’s stock plunged after buyout talks ended, and Cleveland-Cliffs rose following news of its acquisition of Stelco Holdings.

Lastly, Google parent Alphabet is in talks to acquire cybersecurity startup Wiz for $23 billion, and BlackRock reported record assets under management of $10.6 trillion in its second-quarter earnings report.

Overall, stock futures are pointing to a higher open, with the Dow Jones, S&P 500, and Nasdaq 100 futures all showing gains. It will be interesting to see how these trends continue throughout the week.