India, July 7 -- Dell Technologies shares jumped more than 8% on Monday, July 6, after US President Donald Trump publicly told Americans to "go out and buy a Dell computer." The comment came during a White House press conference held to celebrate the launch of Trump Accounts. During the event, Trump praised Dell CEO Michael Dell for making a big investment in the Trump Accounts initiative.

Trump then told people to "go out and buy a Dell computer," giving the company a public endorsement. Soon after Trump's comments, Dell's stock price rose sharply as investors reacted to his endorsement. Dell Technologies shares were trading at $427.50, up $33.18 for the day. The stock opened at $395.19 and touched an intraday high of $428.29.

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