JetBlue Stock Takes Flight on Upgrade

The Nasdaq is also firmly in the black at midday

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Schaeffer's Midday Market Check
4/05/2021
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Dow, S&P 500 Nab Fresh Highs as April Rally Continues


By: Jake Scott

The major indexes are starting the first full week of April off on the right foot, as investors react positively to strong U.S. job growth in March, and the pace of the vaccine rollout continues to speed up. The Dow Jones Industrial Average (DJI) is up more than 400 points at midday, after earlier notching a brand new high. The S&P 500 Index (SPX) hit a fresh record as well, while the tech-heavy Nasdaq Composite (IXIC) is firmly in the black.

Elsewhere, Treasury Secretary Janet Yellen addressed the Chicago Council on Global Affairs this morning, where she was set to push for a global minimum tax. The move could keep corporations from relocating to other countries to find lower rates, as U.S. President Joe Biden looks to raise the corporate tax rate to finance part of his infrastructure plan.

Continue reading for more on today's market, including:

  • Raymond James upgrade sends airline stock soaring.
  • Planet Fitness stock pops on expansion plans.
  • Plus, bears blast ServiceNow stock after partner acquisition; X-ray specialist soars on safety clearance; and why MTEM is struggling today.
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