2023-07-18 13:18:43 ET
Wall Street has been in a great mood, and major stock market benchmarks made further gains to reach their best levels since late 2021. Particularly notable was the gain in the Dow Jones Industrial Average , which led stock indexes with a gain of more than 1% just after midday on Tuesday.
The electric vehicle (EV) space has been extremely popular lately, and Rivian Automotive (NASDAQ: RIVN) kept up its forward momentum with a big gain on Tuesday. Yet the boost in the EV stock paled in comparison to how Charles Schwab (NYSE: SCHW) fared. You'll see all the details of both companies' news below.
Shares of Rivian Automotive climbed another 5% at midday on Tuesday, adding to gains from earlier this month. The maker of electric trucks and vans got a favorable ruling in a court decision that could provide it with hundreds of millions of dollars in financial support if things go well for its business.
For further details see:
Rivian's Roaring Ahead on Tuesday, but This Financial Stock Is Pure Money