"Stocks Rebound as UPS Becomes Primary Air Cargo Provider for USPS"

1 min read
Source: Investor's Business Daily
"Stocks Rebound as UPS Becomes Primary Air Cargo Provider for USPS"
Photo: Investor's Business Daily
TL;DR Summary

Major stock indexes rose as investors awaited Fed Chair Jerome Powell's speech, with Nvidia rebounding despite an earthquake affecting its partner Taiwan Semiconductor, while Tesla continued to fall on analyst concerns about slowing demand and high inventory. The Dow Jones Industrial Average and S&P 500 reversed higher, while the Nasdaq composite climbed, and the ADP employment report showed the economy added 184,000 jobs in March. Intel fell nearly 7% after reporting losses in its foundry operations, while other tech stocks like Microsoft and Salesforce showed signs of support. Tesla's decline continued, while Nvidia bounced back and Dave & Buster's and Cal-Maine gapped up on earnings news.

Share this article

Reading Insights

Total Reads

1

Unique Readers

17

Time Saved

3 min

vs 4 min read

Condensed

83%

622106 words

Want the full story? Read the original article

Read on Investor's Business Daily