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Investing.com — Stocks are rallying after the Federal Reserve paused on its interest rate increases, though left room for more hikes later this year. Here are the market movers for June 15.
- CAVA Group Inc (NYSE:) shares popped 91% and more in their first day of trading, after surging above the initial public offering price of $22 a share. Interest in this new issue could help encourage more IPO activity this year.
- Kroger Company (NYSE:) shares fell after the national grocery giant beat profit expectations for the but kept its guidance amid rising food prices.
- Lennar Corporation (NYSE:) shares rose 3.4% after the home builder reported better-than-expected for the recent quarter on the top and bottom lines and predicted it would deliver more homes than previously forecast this year.
- Domino’s Pizza Inc (NYSE:) shares rose after Stifel upgraded it to a Buy from a Hold, as the pizza restaurant chain makes moves to cushion against a softer delivery environment.
- Tesla Inc (NASDAQ:) shares are flat after the electric vehicle maker ended its stock’s 13-day winning streak with a slight dip downward on Wednesday.
