U.S. markets shook off the malaise to end Thursday in the green after investors digested this week's Fed decision and ahead of the April jobs report.The Dow and S&P each climbed nearly a percent, while the tech-heavy Nasdaq rose 1.5 percent.Leading the day's gains were a basket of tech and tech-adjacent stocks. Shares of Carvana, the online used-car retailer known for its 'car vending machines,' surged 34 percent after smashing earnings expectations.
The retailer remains unprofitable, but is growing its customer base.Among the day's biggest losers were Etsy, which fell 15 percent after another dismal earnings report, and DoorDash, which sank 10 percent after reporting a weaker-than-expected outlook for the second quarter. Peloton also fell after it announced another round of layoffs and the departure of its CEO after just two years at the helm.Apple earnings were due after the bell Thursday.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market Today: S&P 500 rides Tesla, Apple higher; Fed meeting eyedStock Market Today: S&P 500 rides Tesla, Apple higher; Fed meeting eyed
Source: Investingcom - 🏆 450. / 53 Read more »
Stock market today: Japan’s Nikkei leads Asian market retreat as Middle East tensions flareAsian stocks have tumbled, with Japan’s Nikkei slumping 2.4% on heavy selling of semiconductor-related shares and other market heavyweights.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: Japan’s Nikkei leads Asian market retreat as Middle East tensions flareAsian stocks have tumbled, with Japan’s Nikkei slumping 2.4% on heavy selling of semiconductor-related shares and other market heavyweights.
Source: wjxt4 - 🏆 246. / 63 Read more »
Stock market today: Japan’s Nikkei leads Asian market retreat as Middle East tensions flareAsian stocks have tumbled, with Japan’s Nikkei slumping 2.4% on heavy selling of semiconductor-related shares and other market heavyweights. Tensions in the Middle East were weighing on sentiment across the region.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asia stocks rise with market focus on signs of interest rate cutAsia stocks are mostly higher, with investors mainly focusing on a U.S. inflation report and what it means for interest rate cuts by the Federal Reserve. Oil prices advanced while U.S. futures were mixed. The yen weakened, coming close to a 34-year low.
Source: AP - 🏆 728. / 51 Read more »
Stock Market Today: S&P 500 closes higher as tech leads charge; jobs report eyedStock Market Today: S&P 500 closes higher as tech leads charge; jobs report eyed
Source: Investingcom - 🏆 450. / 53 Read more »