UPS - Hot Stocks: Online retailers surge; DWAC drops; JMIA partners with UPS; RCMT extends gains; TSBK NFBK hit low

Stocks finished with solid gains on Monday, as Elon Musk's investment in Twitter gave a lift to tech stocks. Overall, Wall Street is still looking for direction after the rebound of late March lost steam. Online retailers were among the beneficiaries of Monday's rally. Hope that consumers will continue buying despite inflation and higher interest rates drove gains in names like Carvana (CVNA), Chewy (CHWY), Poshmark (POSH) and Farfetch (FTCH). Jumia (JMIA) was another standout gainer on the session, bolstered by a partnership with UPS (UPS). Meanwhile, RCM Technologies (RCMT) extended its recent earnings-inspired rally with another double-digit percentage advance, setting a fresh 52-week high in the process. On the other side of the ledger, Donald Trump-connected SPAC Digital World Acquisition (NASDAQ:DWAC) lost ground amid reports that the former president's Truth Social company has lost two high-ranking executives. Elsewhere, community and regional banks continued to suffer selling pressure. As a

For further details see:

Hot Stocks: Online retailers surge; DWAC drops; JMIA partners with UPS; RCMT extends gains; TSBK, NFBK hit low