Posted 4/5/2024, 7:54:00 PM
Stocks Soar on Jobs Report, GE Aerospace Surges, Tesla Drops on Canceled EV
- Dow Jones Industrial Average gained over 300 points on Friday following better-than-expected jobs report showing 303,000 jobs added in March.
- GE Aerospace stock jumped 5.5% to reach new 52-week high after announcing 250% dividend increase.
- Meta (Facebook) stock rose 3% to new 52-week high following analysts raising price targets based on digital ad market strength.
- Tesla stock dropped 4% following report it is abandoning previously promised low-cost EV model.
- Trump Media stock fell over 10% on Friday, hitting lowest point since becoming publicly traded last week.