Stock market today: Dow leaps 400 points to fresh high as Wall Street cheers Trump's pick of Scott Bessent

Despite Nvidia's strong overall performance this year, its recent decline may signal that current valuations have become too stretched given the company's recent quarterly results. The stock could face continued weakness amidst broader market positivity, indicating a potential for a buy opportunity if prices stabilize.

Allurion's entry into the compounded weight-loss drug market may enhance its competitive positioning against established leaders in the GLP-1 drug category. If successful, this could lead to increased market share and sales, making this a stock to monitor for future growth potential.

The cruise industry is showing strong recovery signals, with Norwegian Cruise Line, Carnival Corporation, and Royal Caribbean Cruises reporting significant gains. This trend is supported by increasing consumer spending on travel as pandemic restrictions ease, suggesting continued momentum for these stocks.