Top Stock Movers Now: Amazon, Reddit, Newell Brands, and More
- Amazon rallied after posting better-than-expected earnings, lifting major indexes.
- Reddit surged as quarterly results beat analyst forecasts.
- Newell Brands plunged 30% after cutting its full-year outlook, citing tariff pressures.
Key Takeaways
Friday Market Recap: Amazon Leads Index Gains, Reddit and WDC Rally, NWL and DXCM Slide
Major U.S. indexes advanced Friday afternoon, powered by Amazon’s (AMZN) earnings-fueled surge to a record high. The Dow, S&P 500, and Nasdaq all closed higher, with Amazon leading gains across all three thanks to strong AWS growth.
Other standout movers included:
- Reddit (RDDT): Soared after beating earnings and reporting strong international user growth.
- Western Digital (WDC): Rose on AI-driven demand for data storage hardware.
- Newell Brands (NWL): Plunged 30% after cutting its full-year outlook due to tariffs.
- DexCom (DXCM): Dropped amid concerns over its G7 glucose monitor and revenue guidance.
Macro Snapshot:
- Commodities: Oil and gold futures climbed.
- Bonds: 10-year Treasury yield held steady.
- Currencies: USD rose vs. euro and pound, fell vs. yen.
- Crypto: Most major cryptocurrencies traded higher.
