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💡 Main takeaway:
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Key takeaways
- Major US stock indexes rose on Friday afternoon, supported by a rise in Amazon shares after the technology giant reported better-than-expected earnings.
- Reddit shares also jumped after the social media platform reported quarterly results that beat analysts’ estimates.
- Shares of Newell Brands fell after Rubbermaid’s parent company cut its full-year forecast, partly due to the tariffs.
Major US stock indexes rose on Friday afternoon, boosted by a rise in Amazon (AMZN) shares after the tech giant reported better-than-expected earnings. The Dow Jones, 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 Jones and Nasdaq as its shares rose to a record high. Growth in the company’s Amazon Web Services helps boost its quarterly results.
Shares of Reddit (RDDT) rose after the social media platform reported earnings that beat analyst estimates as its users jumped, especially internationally.
Demand for its data storage devices to support artificial intelligence helped Western Digital (WDC) achieve better-than-expected results, sending its shares higher.
Shares of Newell Brands (NWL) fell after Rubermaid’s parent company cut its full-year forecast, partly due to 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 rose. The yield on the 10-year Treasury note was little changed. The US dollar rose against the euro and the pound, but lost strength against the yen. The prices of most major cryptocurrencies were higher.
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#️⃣ #Amazon #Reddit #Newell #Brands
