Posted 4/5/2024, 8:33:00 PM
Stocks Surge Over 1% on Strong March Jobs Report; Tesla Falls as Lower-Cost Car Plans Reportedly Shelved
- Stocks rose more than 1% on Friday after a strong March jobs report showed 303,000 jobs added vs 200,000 estimate
- The Dow Jones rose 0.8%, the S&P 500 gained 1.1%, and the Nasdaq led with a 1.2% gain on higher volume
- Nvidia, GE Aerospace, Vertiv, MakeMyTrip, and Celsius were top gainers in the Growth 250
- Tesla stock fell 3.6% on report that plans for a lower-cost car were shelved; CEO Elon Musk said "Reuters is lying"
- Major banks like JPMorgan, Citi, Wells Fargo report first quarter 2024 earnings next Friday