Introduction

Stock market update for March 8, 2024.

• Rivian shares surge as company reveals new EV models, $2.25 billion in cost savings (CNBC)
• US Jobless Rate Hits Two-Year High Even as Hiring Stays Strong (Bloomberg)
• Netflix and Most Valuable Promotions Partner on Jake Paul vs. Mike Tyson (Netflix)
• Gap shares pop as company’s holiday earnings blow past estimates, Old Navy returns to growth (CNBC)
• Why Costco Stock Is Down After Earnings Beat Expectations (Barron's)
• Novo Nordisk market cap surpasses Tesla on new obesity pill trial data (CNBC)

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