All 13 Tech Stocks on the Entrepreneur Index™ Were Up on Monday

Tech companies led a rebound in the stock market.

3 min read

Opinions expressed by Entrepreneur contributors are their own.

The stock market came roaring back to life today after declining for five consecutive days last week.

Technology stocks led the way, sparking a 2.02 percent gain in the Nasdaq Composite index. The Dow and S&P 500 indexes were up 0.79 percent and 1.47 percent respectively. The Entrepreneur Index™ gained 1.91 percent with only one stock on the index — Chipotle Mexican Grill (-0.18 percent) — declining on the day.

NVIDIA Corp. had the biggest gain on the Entrepreneur Index™, rising 6.97 percent. The maker of graphics processing units announced a $6.8 billion acquisition of Israeli tech firm Mellanox Technologies this morning. The deal, and several analyst upgrades in the tech sector, lifted sentiment across the market.

Alphabet Inc. (2.93 percent), Amazon (3.07 percent), Facebook (1.39 percent) and Netflix (2.65 percent), were all up sharply. Twitter and Adobe Systems Inc. also gained 2.76 percent and 2.44 percent respectively. All thirteen tech stocks on the Entrepreneur Index™ were up on the day.

Regeneron Pharmaceuticals (2.34 percent) posted a good gain today after falling nine percent last week. Fellow drug-maker Alexion Pharmaceuticals was also up a healthy 2.61 percent. Fedex Corp., another stock pummeled last week, was up 2.72 percent today.

Tesla shares gained 2.3 percent after another change in pricing and marketing strategy was announced by the automaker. The company said today that it would not close all its retail stores and move to online sales only, as it recently suggested. It also said it would raise prices by three percent on its higher end vehicles. The company cut prices on all its models earlier this year to offset a reduction in the tax credit for electric vehicle buyers.

On a separate note, Elon Musk has until the end of the day to convince a judge not to hold him in contempt of an agreement he and Tesla reached with the Securities and Exchange Commission last fall. The SEC claims that recent tweets by Musk, un-vetted by the company, violate that agreement. Tesla shares are down 12.6 percent so far this year.

Other significant gains on the Entrepreneur Index™ today included Ford Motor Co. (2.26 percent), Tyson Foods (2.29 percent) and Under Armour Inc. (2.61 percent). Asset managers Franklin Resources (2.59 percent) and BlackRock (1.61 percent) were also up nicely.

The Entrepreneur Index™ collects the top 60 publicly traded companies founded and run by entrepreneurs. The entrepreneurial spirit is a valuable asset for any business, and this index recognizes its importance, no matter how much a company has grown. These inspirational businesses can be tracked in real time on


more recommended stories

  • Master Business Finance With This Expert-Led Class

    Entrepreneur and business school professor Chris.

  • How I Built $500 in Credit to $500,000

    Start small, pay on time, be.

  • With the Right Mindset, Your Setbacks Can Set You Up for Success

    Merril Hoge, former NFL running back.

  • 5 Other Uses for Hemp You May Not Know About

    Hemp-derived CBD gets all the love.

  • Could These Nootropics Help You Achieve Peak Mental Performance?

    March 22, 2019 2 min read.

  • The Entrepreneur Index™ Is Down on Friday (and So Is Tesla’s Target Price)

    March 22, 2019 2 min read.

  • Best Cannabis Software for Seed-to-Sale Tracking

    The best cannabis software for following.

  • ‘I Would Probably Be Dead or in Jail.’ How Dave Fox Went From Struggling With Addiction to Living Life on His Terms.

    You can live like a victim.

  • Is a Recession Around the Corner? The Bond Market Thinks So, but Stock Market Says No.

    Stocks were strong across all sectors.

  • Getting More Women to Tech Conferences Starts with the Businesses That Send Them

    A study of keynote and featured.

  • 50 Ideas for a Lucrative Side Hustle

    You know how to do something.

  • Tech Shares Buoy the Entrepreneur Index™ Again Despite Signs of Slowing Economic Growth

    Plus, tech stock analysts think Netflix.

  • Israeli Study Finds Marijuana Has Promise for Treating Autism Symptoms

    Early results find cannabis helps many.

  • 10 Grants You Need to Know About for Your Woman-Owned Business or Organization

    March 19, 2019 6 min read.

  • Adult-Use Marijuana Is a ‘No-Brainer’ for Two Florida Lawmakers but Just a ‘No’ for Most

    Florida, home to strip mall “pill.

  • Go from Day Job to Dream Job with These Reads

    From Betches to Big Data, the.

  • Register for Entrepreneur Insider’s Free Fireside Chat With Ellen Latham, Founder of Orangetheory Fitness Franchise

    Get inspired as the fitness guru.

  • Learn to Drive More Traffic and Sales With This $29 Social Media Bootcamp

    Learn the basics of Google AdWords.

  • Learn to Master JavaScript with This $49 E-Degree Bundle

    March 16, 2019 2 min read.

  • Finding Success at the Intersection of Sports and Culture

    Marcus Damas, founder of Fueled by.

  • This Cancer Researcher Is Devoted to Her Medical Dispensary Patients

    While Chanda Macias researched new treatments.

  • Vegan Celebrity Chef Chloe Coscarelli Says Entrepreneurs Should Push for Change Even When No One Believes in Them

    The plant-based restaurateur behind By Chloe.

  • The New Tesla Model Y Gets Chilly Reception and Drives Company Shares Down

    This is despite Elon Musk’s prediction.

  • Anonymous Online Detractors Shattering Your Confidence?

    Your messaging is only part of.

  • Stock Market Manages to Stay Steady Despite Rise in Unemployment Claims and Fall in Home Sales

    Retail stocks on the Entrepreneur Index™.

  • Presidential Candidates Back Marijuana Justice Act, But What Would It Do?

    The bill would end the War.

  • 4 Ways to Protect Your Company’s Online Reputation

    March 13, 2019 4 min read.

  • Will Pressure From Investors Lead Victoria’s Secret and Bath & Body Works to Split Into 2 Stocks?

    After Gap Inc. recently announced it.

  • The FBI Busted Rich Parents for Allegedly Bribing Their Kids Into Elite Schools. Here’s the Not-so-Secret Way the Super Rich Game College Admissions.

    Usually, the ultra-wealthy manipulate the process.

  • Do Recent Price Cuts by Tesla Suggest That Demand Is Softening for Its Vehicles?

    Shares in Boeing fell again today.

  • This Program Diagnoses Website Issues in 15 Minutes

    SiteGuru audits your business’s site to.

  • 25 Best Habits to Have in Life

    If you are committed to happiness.