Dow Hits New High as Concerns of Interest-Rate Hike Ease

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How can companies accelerate it transformation. It starts with choosing the right partner. That's why companies call naveh site modern. It services for modern it needs visit naveh site dot com slash go. Here's your closing bill. Brief for wednesday may fifth. I'm jr waylon for the wall street journal. A new record for the dow jones industrial average which rose ninety seven points to close at thirty four thousand to thirty the s. and p. five hundred closed about three points higher but the nasdaq fell fifty one points. Investors pushed the down s and p five hundred higher after treasury secretary. Janet yellen clarified yesterday. That she was neither predicting newark amending at the federal reserve raise interest rates general motors shares rose four percent after the company said that strong pricing and brisk new vehicle demand will help offset the financial impact of the global chip shortage pfizer shares inched higher. After canadian health officials authorized the covid nineteen vaccine developed with biontech for children aged twelve fifteen shares of the honest company. At the eco friendly consumer goods business co founded by actress. Jessica alba jumped nearly forty four percent in their first day of trading peleton shares fell. Nearly fifteen percent of the company said would recall its treadmills due to safety concerns and a mixed earnings report from uber. After the bell the company said bookings from its uber eats food delivery division more than doubled from a year ago. But it's rides business declined thirty eight percent over the same period well of a lot more coverage of the day's news the wsj's what's news podcast. You can add to your playlist and you're smart speaker or listen and subscribe wherever you're podcasts. How can companies accelerate it transformation. It starts with choosing the right partner. That's why companies call naveh site modern. It services for modern it needs visit naveh site dot com slash go.

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