Key Highlights: FedEx's Earnings Report and Cybertruck Recall Impact on Market Dominance
Money | June 25, 2024, 11:03 p.m.
On today's episode of Market Domination Overtime, hosts Julie Hyman and Josh Lipton recap the market close and discuss key highlights from the trading day. The Dow Jones Industrial Average closed lower by over 290 points, while the Nasdaq Composite soared by 220 points. Federal Reserve leaders spoke about the economy, with indications pointing towards a potential interest rate cut at the end of the year. FedEx reported strong fourth quarter earnings, topping Wall Street expectations. Rivian's shares jumped after Volkswagen announced a significant investment in a joint venture. Tesla faces pressure after announcing its fourth recall of the Cybertruck. Looking ahead, key events to watch include Nvidia's shareholder meeting and Chipotle's 50-for-1 stock split. Overall, the market landscape is evolving, with a focus on economic robustness, corporate earnings, and industry developments. Stay tuned for more insights and updates on market trends.