Stocks end higher as Wendy's fuels meme stock rally
U S stock indexes paused near mixed gains Tuesday with the S P 500 edging up less than 0.1 percent to 4 227 26 while the Dow slipped 0.1 percent and the Nasdaq rose 0.3 percent The Russell 2000 jumped 1 1 percent as Wendy s surged 25 percent amid social media driven interest and other meme stocks fluctuated Investors weighed inflation risk and a light earnings week with the World Bank upgrading global growth outlook to 5 6 percent this year.
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Lords town Motors warns it may not survive to start Endurance sales
Lordstown Motors says its $587 million cash as of March 31 may not be enough to begin commercial production of the Endurance, raising going concern doubts for at least a year. The company posts a Q1 net loss of $125 million and contemplates new equity or debt funding while targeting a September production start.
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