U.S. markets shook off the malaise to end Thursday in the green after investors digested this week's Fed decision and ahead of the April jobs report.The Dow and S&P each climbed nearly a percent, while the tech-heavy Nasdaq rose 1.5 percent.Leading the day's gains were a basket of tech and tech-adjacent stocks. Shares of Carvana, the online used-car retailer known for its 'car vending machines,' surged 34 percent after smashing earnings expectations.
The retailer remains unprofitable, but is growing its customer base.Among the day's biggest losers were Etsy, which fell 15 percent after another dismal earnings report, and DoorDash, which sank 10 percent after reporting a weaker-than-expected outlook for the second quarter. Peloton also fell after it announced another round of layoffs and the departure of its CEO after just two years at the helm.Apple earnings were due after the bell Thursday.
Source: News Formal (newsformal.com)
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