Market Update: U.S. Stock Movements on March 26, 2024
Positive Tone in U.S. Markets
Main U.S. indexes saw a slight increase on Tuesday as investors remained optimistic ahead of key inflation data releases later in the week.
Stock Movers in Focus
Nvidia experienced a 0.6% decline, Micron Technology rose over 2.5%, and Super Micro Computer surged 2% on the back of confidence in AI-inspired trends.
United Parcel Service (UPS) faced a 3% dip after forecasting subdued 2026 revenue, focusing on cost-cutting initiatives.
Tesla’s stock climbed 6% after announcing a free trial of its Full Self-Driving technology, while Ford’s stock dropped 0.25% despite reaffirming profit outlook amidst economic challenges.
Boeing witnessed a 0.8% decrease following management changes, and Krispy Kreme soared 27% on news of its products being sold at McDonald’s.
McCormick’s stock rose 1% after exceeding market expectations, and Viking Therapeutics saw a 25% increase post-positive Phase 1 results on its obesity drug.
Reddit’s stock rose by 12%, Trump Media & Technology Group surged 40% post-Nasdaq listing, and Spotify climbed 2% after being added to BofA’s best ideas list.
Additional reporting by Louis Juricic
