Energy Recovery Stock Surges, Market Cautious on Rates

Energy Recoverys stock surged by over three percent, driven by trading patterns rather than new business developments. The broader market experienced a volatile day, with the Dow and Nasdaq initially gaining but later losing momentum due to a strong jobs report reducing the likelihood of an interest rate cut. Tech stocks, including Nvidia, initially soared but later turned negative due to caution about high valuations. Investors shifted towards stable companies like Walmart, which saw a six percent gain. Despite Energy Recoverys recent bump, its stock is still flat for the year and trading below its fifty-two-week high.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.