Rivian's Roaring Ahead on Tuesday, but This Financial Stock Is Pure Money
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.
Source Fool.com
