Stock Market Today: FDX, SNAP, META Rally & FRC Stews In Volatility

The Dow Jones ended higher along with the S&P 500, the Nasdaq-100, and the Russell 2000. Nine out of the eleven S&P 500 sectors ended higher with tech and communication services up 2.8%. FedEx (FDX) shares continued their rally in postmarket trading after delivering an upside earnings surprise. Shares of Snap Inc. (SNAP) and Meta (META) closed higher on reports that competitor TikTok faces a possible ban in the U.S. First Republic (FRC) had a volatile trading session, with two halts, on reports that a few big banks are raising around $20 to $30 billion for a rescue of the immediate crisis. Tomorrow, look for Xpeng (XPEV) earnings and industrial production, consumer sentiment, and leading indicators data. Tune in to find out more about the stock market today.