Tech stocks drove US equities higher before Memorial Day weekend, with mixed results for individual stocks.

From IAC (InterActiveCorp): 2024-05-24 13:10:21

U.S. equities rose on Friday, driven by tech stocks before the Memorial Day weekend. Deckers Outdoor saw a surge in shares after strong sales of Hoka and Ugg shoes. Ross Stores also experienced a jump in stock value after beating earnings expectations. However, Intuit shares declined due to an anticipated loss of 1 million free TurboTax users. Workday shares fell after trimming revenue guidance. Oil and gold prices rose while the dollar dipped against major currencies. Trading in cryptocurrencies was mixed.



Read more at IAC (InterActiveCorp): Deckers, Ross Stores, Intuit, and More