Drone and Robotics Stocks Surge as Market Sentiment Improves

Tiger Newspress01-14

Wall Street's main indexes opened higher on Tuesday, as investors assessed softer-than-expected producer inflation to gauge the Federal Reserve's monetary policy trajectory this year.

Drone and Robotics stocks surged in morning trading as market sentiment improved.

Drone maker companies rose; Palladyne AI rose 23%; Unusual Machines rose 14%; Ondas Holdings rose 8%; Red Cat Holdings rose 7%.

Robotics stocks also jumped in morning trading. Richtech Robotics rose 46%; Guardforce AI rose 24%; Serve Robotics and Nauticus Robotics rose rose 16%; Arbe Robotics and Nauticus Robotics rose 15%.

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