Midday movers: Amazon, Airbnb, DraftKings, Tupperware and more
Investing.com -- U.S. stocks were rising on Friday, as investors digested some key tech earnings and after the July jobs report came in cooler than expected.
Here are some of the biggest U.S. stock movers today:
Amazon (NASDAQ:AMZN) stock rose 10.9% after the online retail giant’s results showed signs that both its growth engines, e-commerce and cloud-computing, were faring well in an uncertain economy.
Apple (NASDAQ:AAPL) stock fell 2.9% after the iPhone maker warned that it was headed for the fourth straight quarter of declining sales as demand continues to slow for its flagship device, especially in developed markets.
Alphabet (NASDAQ:GOOGL) stock rose 1.6% after the parent of Google said it had slashed its stake in Robinhood (NASDAQ:HOOD), up 1.1%, by nearly 90%, days after the trading app said it had turned a profit for the first time as a public company.
Airbnb (NASDAQ:ABNB) stock rose 1% after the holiday rental firm forecast third-quarter revenue above market estimates on a surge in international travel and renewed interest in its core urban markets.
DraftKings (NASDAQ:DKNG) stock rose 3.9% after the betting company reported a surprise quarterly profit, and offered up an upbeat full-year sales forecast as new sports-betting customers emerge.
Dropbox (NASDAQ:DBX) stock rose 7% after the file-hosting service beat expectations with strong second-quarter earnings and sales growth.
Fisker (NYSE:FSR) stock fell 5.4% after the EV manufacturer reported a smaller-than-expected quarterly loss and first revenue from deliveries of its electric sport utility vehicles, which helped counter an annual production cut.
Tupperware (NYSE:TUP) stock soared 41% after the kitchen storage container maker finalized a debt restructuring deal.
-- Peter Nurse contributed to this report
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Midday movers: Amazon, Airbnb, DraftKings, Tupperware and more
