Key Takeaways
- Major U.S. equities indexes climbed Friday afternoon, helped by a rally in shares of Amazon after the tech giant posted better-than-expected earnings.
- Shares of Reddit also jumped after the social media platform reported quarterly results that topped analysts’ estimates.
- Newell Brands shares plunged after the Rubbermaid parent cut its full-year outlook, in part because of tariffs.
Major U.S. equities indexes climbed Friday afternoon, helped by a rally in shares of Amazon (AMZN) after the tech giant posted better-than-expected earnings. The Dow, S&P 500, and Nasdaq all advanced.
Amazon was among the best-performing stocks in the S&P 500, and led gains in the Dow and Nasdaq as its shares surged to a record high. Growth in the company’s Amazon Web Services helping boost its quarterly results.
Shares of Reddit (RDDT) soared after the social media platform reported earnings that topped analysts’ estimates as its users jumped, especially internationally.
Demand for its data storage hardware to support artificial intelligence helped Western Digital (WDC) post better-than-expected results, sending its shares higher.
Newell Brands (NWL) shares plunged after the Rubbermaid parent lowered its full-year outlook, in part because of tariffs.
DexCom (DXCM) shares also lost ground amid concerns about its outlook and the accuracy of the company’s G7 glucose monitoring system.
Oil and gold futures climbed. The yield on the 10-year Treasury note was little changed. The U.S. dollar was up on the euro and pound, but lost ground to the yen. Prices for most major cryptocurrencies were higher.