Following the market opening Wednesday, the Dow traded down 0.44% to 34,962.94 while the NASDAQ rose 0.03% to 14,765.20. The S&P also fell, dropping 0.23% to 4,412.83.
We started the week with risk-off sentiment and choppy markets. The choppiness could remain until the payrolls number comes out on Friday. But the mood seems to have shifted back toward risk, for now.
Daseke Inc. on Tuesday reported second-quarter adjusted earnings per share of 42 cents, compared to 10 cents per share in the same year-ago quarter.
The nation's largest flatbed carrier's quarterly revenue rose 15% year-over-year to $404 million, with adjusted net income of $30.2 million.
Toward the end of trading Tuesday, the Dow traded up 0.64% to 35,059.40 while the NASDAQ rose 0.34% to 14,731.57. The S&P also rose, gaining 0.65% to 4,415.65.
Nikola Corp. is unlikely to sell any battery-electric trucks this year because of semiconductor shortages for critical components, but it will let select customers and dealers use the trucks to build mileage and get retrofits later.
Midway through trading Tuesday, the Dow traded up 0.11% to 34,878.06 while the NASDAQ fell 0.37% to 14,626.97. The S&P also fell, dropping 0.01% to 4,386.68.
Many passenger airlines have expanded cargo services out of necessity since the start of the COVID pandemic. Now, a boutique French carrier is leveraging the crisis to start cargo operations from scratch.