Indexes Turn Positive, Fresh Listings are Flying | Market Moovers
Good morning mooers! Freshly listed stocks are trading like crazy, the market is moving upwards, and investors are awaiting inflation data.
RECAP
Shortly after 11 am est, the$S&P 500 Index climbed 0.27%, the $Dow Jones Industrial Average climbed 0.24%, and the $Nasdaq Composite Index climbed 0.31%.
MACRO
Durable Goods Climb As Investors Await CPI
According to macroeconomic data, durable goods orders rebounded by 1.4% in the past month, compared to a 1% expected gain. The figures could suggest U.S. manufacturers have picked up after years of slowdown.
“Restrictive monetary policy continues to weigh on tangible investment,” economist Ali Jaffery of CIBC Economics told MarketWatch.
SECTORS
Fresh Faces Move Shares
$Trump Media & Technology climbed a startling 60% intraday as the newly relisted SPAC merger stock traded under a new ticker for the first time on Tuesday.$Reddit also continued to climb on its forth trading day, up 10% at the time of writing.
COMPANIES
Market Moovers
$Tesla was up over 5% Tuesday morning after Elon Musk promised a one-month free full self-driving trial to all Tesla cars in the US this week.
$United Parcel Service was the biggest decline in the S&P 500, down just 3%. The mailing service released its updated three year plan.
Source: Bloomberg, Dow Jones, CNBC, Reuters
Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Indexes are unmanaged and cannot be directly invested in. Past performance is no indication of future results. Investing involves risk and the potential to lose principal. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information regarding your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty regarding its adequacy, completeness, accuracy, or timeliness for any purpose of the above content. See thislinkfor more information.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Moomoo News and Community Manager
Moo moo News and Community Manager, NJ Office.
Fmr CNBC contributor, reporter/investor/trader
Posts do not represent mm
1785Followers
404Following
4134Visitors
Follow