Market Updates
U.S. Movers: FedEx, Nvidia, Rivian, Volkswagen, Whirlpool
Scott Peters
26 Jun, 2024
New York City
FedEx rose 12.9% to $289.63, and the parcel delivery company reported better-than-expected revenue and adjusted earnings in its latest quarter.
Rivian soared 29% to $15.38 after the electric vehicle struck a deal with the German automaker Volkswagen AG.
Volkswagen plans to invest $1 billion in a joint venture with Rivian and increase its investment to as much as $5 billion over the next several years.
Whirlpool Corporation rose 12.8% to $98.33 on a Reuters report that the German company Bosch is considering making an offer for the home appliance maker.
Nvidia Corp. jumped 1.3% to $127.15, and the artificial intelligence chip maker extended its previous session gain of 7%.
Nvidia's market value briefly surpassed Microsoft's market cap of $3.1 trillion before edging down in last week's trading.
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