The S&P 500 (^GSPC) and the Nasdaq (^IXIC) are trading higher in early trading as stocks digest the ADP's private sector jobs data. Cal-Maine Foods (CALM) shares dropped after the company missed estimates for its first-quarter earnings. The company's sales decreased by almost 30 percent as egg prices dropped. Tesla (TSLA) shares rose as Morgan Stanley reiterated its "Overweight" rating on the stock after the EV maker released a cheaper version of its Model Y vehicle for U.S. consumers. On Holding (ONON) shares fell in early trading as the athletic brand announced a plan to double its expected 2023 net sales by 2026 at its Investor Day in Switzerland. Yahoo Finance Live takes a look at some of the morning's trending tickers. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Tesla shares soared today, undoubtedly to the likes of investors. Have bulls regained control? It wasn't just Tesla stealing the spotlight, though, with shares of several other companies seeing attention.
Interest rates stopped going up, and there were also positive data points for auto industry sales today.