Coca-Cola Hits All Time New High As Nvidia Loses $279B, Jolts And Beige Book Ahead

Coca-Cola Hits All Time High

Coca-Cola shares hit an all-time high on Tuesday, surpassing the previous record set in 1998.

The beverage giant's stock rose by more than 2% to reach a price of $64.69 per share.

The surge in Coca-Cola's stock price was driven by strong earnings results for the first quarter of 2023.

Nvidia's stock price plunged by more than 14% on Tuesday, wiping out nearly $279 billion in market value.

The sell-off was triggered by concerns about the company's slowing growth in the gaming market.

Nvidia is a leading manufacturer of graphics cards, which are used in gaming PCs and other high-performance computing applications.

The Job Openings and Labor Turnover Survey (JOLTS) report for March is due out on Wednesday.

The JOLTS report provides data on the number of job openings and labor turnover in the United States.

Economists are expecting the JOLTS report to show that the number of job openings remains high, indicating a tight labor market.

The Beige Book, a collection of anecdotal reports on economic conditions from the Federal Reserve's 12 regional banks, is also due out on Wednesday.

The Beige Book provides insights into the current state of the economy and can offer clues about the Fed's future policy decisions.