Stock Market Winners & Losers: Stocks Bounce Back as Powell Soothes Rate-Cut Nerves | ESPN’s Standalone Streaming Service Coming to Disney+
Winner: Stock bounce as Powell soothes rate-cut nerves
The market is rebounding from a rough start to the second quarter as Chair Jerome Powell reassures investors about the Federal Reserve's commitment to rate cuts. Attention now turns to the upcoming March jobs report. Meta shares hit a new high, rising over 2% to $523.85, with a 47% increase year-to-date. Levi Strauss shares surged 18% after raising profit guidance and beating holiday earnings expectations. Levi's is also experiencing record online and in-store sales.
Winner: ESPN's standalone streaming service coming to Disney+ in 2025
The market is rebounding from a rough start to the second quarter as Chair Jerome Powell reassures investors about the Federal Reserve's commitment to rate cuts. Attention now turns to the upcoming March jobs report. Meta shares hit a new high, rising over 2% to $523.85, with a 47% increase year-to-date. Levi Strauss shares surged 18% after raising profit guidance and beating holiday earnings expectations. Levi's is also experiencing record online and in-store sales.
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