Stock Market Update
16-Jun-26 12:00 ET
Carvana trades higher as it enters the new vehicle market
Dow +466.30
at 52137.33,
Nasdaq -119.69
at 26585.24,
S&P -9.56
at 7544.73
[BRIEFING.COM] The major averages remain mostly lower for the day, little changed from previous levels.
Carvana (CVNA 69.92, +1.02, +1.47%) holds a nice gain, adding to yesterday's 7.5% rally. CNBC reports that the company is entering the new-vehicle market by purchasing seven new-vehicle franchises over the past year, a move that will give it greater exposure to the entire life cycle of a vehicle.
