Stock Market Today: S&P 500, Dow Extend Losing Streaks
Reddit stock continued to charge higher and has now nearly doubled in price since last week's IPO.


Stocks opened higher Tuesday as investors took in a handful of economic reports and some big price swings from several stocks. Today's upside stalled near the close, but all three main indexes are comfortably on track to close out Q1 with major gains.
Tuesday's economic calendar had several notable reports on it. The Census Bureau, for one, said durable goods orders rose 1.4% from January to February, snapping two straight months of declines. Economists were anticipating a 1% increase.
Separately, data from The Conference Board showed its Consumer Confidence Survey slipped to 104.7 in March from February's 104.8, falling short of economists' estimate for a modest increase.
From just $107.88 $24.99 for Kiplinger Personal Finance
Be a smarter, better informed investor.

Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
"Consumers' assessment of the present situation improved in March, but they also became more pessimistic about the future," said Dana Peterson, chief economist at The Conference Board, adding that the U.S. political environment and rising food and gas prices were consumers' main concerns.
Krispy Kreme and McDonald's team up
In single-stock news, Krispy Kreme (DNUT) shares soared nearly 40% (39.4%, to be exact) after the doughnut maker announced a major partnership with blue chip fast-food giant McDonald's (MCD, -0.03%). Following a successful trial run at select locations, Krispy Kreme will soon "provide fresh doughnuts daily at McDonald's restaurants nationwide."
To celebrate the news, Krispy Kreme is giving away one free glazed doughnut to anyone who visits one of its locations today between 5 pm and 9 pm.
"Krispy Kreme's iconic brand, refreshed strategy, and local/global expansion opportunities position the company well over the next few years," wrote Truist Securities analyst Bill Chappell in a recent note. Still, the analyst has a Hold rating on the consumer staples stock, saying the popularity of weight-loss drugs could create headwinds in the near term.
Chappell is hardly alone in his neutral outlook. Of the nine analysts covering DNUT tracked by S&P Global Market Intelligence, one says it's a Strong Buy, two have it at Buy and six call it a Hold. This works out to a consensus Hold recommendation.
Reddit continues post-IPO rally
Trump Media & Technology Group (DJT) was another big gainer Tuesday after the media company that owns Truth Social and was founded by former President Donald Trump merged Monday with special purpose acquisition company (SPAC) Digital World Acquisition. DJT stock finished the day up 16.1%.
Elsewhere, Reddit (RDDT) shares jumped 9.1% after options became available to trade on the social media stock Monday. Last week, the company priced its initial public offering (IPO) at $34 per share and closed 72% above here in its market debut. Shares have now almost doubled from this offering price, putting RDDT on track to be one of the biggest IPOs of the year.
New Street Research analyst Dan Salmon initiated coverage on Reddit stock today with a Neutral rating, which is the equivalent of a Hold. The analyst anticipates more volatility for the stock over the next several months, though an "emergence of data licensing revenue" brings the potential for more upside.
As for the main indexes, the Nasdaq Composite closed down 0.4% at 16,315. The S&P 500 (-0.3% to 5,203) and the Dow Jones Industrial Average (-0.08% to 39,282) also slipped, bringing their daily losing streaks to three.
Related content
- Costco Will Limit Access to $1.50 Hotdogs
- Best Stocks to Buy Now
- Kiplinger's Earnings Calendar for This Week
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at a local investment research firm. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.
-
Quiz: Do You Know What Medicare Gives You for Free?
This quiz tests your knowledge of the services that Medicare provides at no cost to you.
-
5 Multibagger Stocks With Amazing Returns in 2025
multibagger stocks As the term suggests, multibagger stocks multiply your money – gains of 1,200%, for example. Here's where to look for that kind of performance this year.
-
5 Multibagger Stocks With Amazing Returns in 2025
multibagger stocks As the term suggests, multibagger stocks multiply your money – gains of 1,200%, for example. Here's where to look for that kind of performance this year.
-
Investing Freebies: Perks You Get for Owning These Stocks
While the biggest investing returns come over the long term, these companies offer instant gratification for investors with several freebies and perks.
-
How an Expired Passport Thwarted Blackmail (and What Other Important Documents You Should Keep)
An optometrist produced his expired passport to foil a blackmail attempt by the daughter of a former employee. After proving he was out of the country on the date of a forged diary entry, he took it a step further.
-
Optimize, Grow, Retain: The Power of Annual Client Reviews
Financial advisers can use annual reviews to help enhance client outcomes, strengthen relationships and build their practice.
-
I'm a Real Estate Investing Pro: This Is What Investors Should Know About Truck Stop Investments
Truck stops might seem like good investments, but they can actually be a risky gamble due to unstable fuel prices, unreliable operators and coming changes in transportation. Instead, consider safer options like industrial or residential properties.
-
How Digital Platforms Are Changing the Way You Invest in Gold
Investing in gold is easier than ever thanks to digital platforms. Learn how online tools are lowering costs, increasing transparency and making gold accessible to all investors.
-
Stocks Rise to Start Fed Week: Stock Market Today
The Nasdaq Composite and S&P 500 hit new record closing highs as Wall Street awaits the Fed's next rate cut.
-
Don't Disinherit Your Grandchildren: The Hidden Risks of Retirement Account Beneficiary Forms
Standard retirement account beneficiary forms may not be flexible enough to ensure your money passes to family members according to your wishes. Naming a trust as the contingent beneficiary can help avoid these issues. Here's how.