Big Jumps for RIVN, CCL, FDX and NVDA Today

Market Overview - The Dow Jones Industrial Average fell by 299 points, or 0.76%, after a five-day rise [1] - The S&P 500 and Nasdaq saw increases of 0.39% and 1.26%, respectively, with NVIDIA's stock experiencing a significant reversal [1] - The small-cap Russell 2000 decreased by 0.41% [1] Economic Indicators - The Case-Shiller survey indicated a slight slowdown in housing price growth, with all 20 cities still showing growth [1] - Consumer Confidence for June rose slightly to 100.4, up from a downward-adjusted 101.3 in May, indicating a trend towards a "soft landing" in the economy [1] Company Performance - Carnival Cruise Lines (CCL) shares increased by 8.7% after reporting Q2 results that exceeded estimates, with record demand and pricing, and an occupancy rate over 100% [1] - CCL's 2025 bookings have already surpassed those of 2024, prompting the company to raise its full-year guidance [1] FedEx Financial Results - FedEx (FDX) reported fiscal Q4 earnings of $5.41 per share, exceeding consensus estimates by 7 cents, with revenues of $22.1 billion [2] - The company anticipates $2.2 billion in cost savings this year and reported $5.2 billion in capital expenditures [2] - FedEx shares rose by 8% immediately after the results and are currently up 16%, trading near $300 per share [2] Rivian Investment Announcement - Rivian (RIVN) shares surged by 35% following Volkswagen's announcement of a $5 billion investment over three years, which will result in VW owning 10-15% of Rivian [3] - The investment comes as Rivian has faced challenges in 2024, but the stock is now at levels not seen since January [3] - Rivian and VW will also collaborate on an EV software joint venture [3]