In This Article:
Julie Hyman goes over some of the trading day's top stories on this segment of Market Minute.
Tesla (TSLA) stock jumps as the company refunded early Model 3 bookings in India, according to Bloomberg. The move raises speculation that Tesla is nearing an entry point into India.
Saia (SAIA) stock slides after missing first quarter earnings and revenue targets, citing tough weather and macro headwinds.
SoFi Technologies (SOFI) stock is rising after Citizens JMP initiated coverage on the stock with an Outperform rating and $17 price target.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for Yahoo! Finance's market minute. The NASDAQ rising as Tesla and Nvidia lead tech higher for a fourth straight session. Tesla shares surging after the EV maker sent an email refunding early bookers of its Model 3 vehicle in India. That's according to Bloomberg. The move raising speculation that Tesla may be nearing an entry into the country. Shares of Tesla also getting a boost after the Department of Transportation outlined new rules around self-driving cars.
Saia shares are sinking as the company misses earnings and revenue expectations for the first quarter. The trucking company citing macroeconomic uncertainty and adverse weather events as factors weighing down on revenue and profit.
And SoFi Technology shares getting a lift as Citizens JMP initiates coverage on the stock with a market outperform rating. The firm setting a $17 price target, noting the company is a compelling long-term investment opportunity. And that's your Yahoo! Finance market minute.