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Reddit shares plummeted 29.22% on Friday, the stock’s worst day since its 2024 public debut, following weaker-than-expected fourth-quarter sales guidance and declining search referral traffic.
McDonald’s stock rose about 6% after the fast-food chain reported third-quarter earnings that topped expectations, though U.S. same-store sales declined 0.2%.
Novo Nordisk’s shares rose after third-quarter earnings topped expectations, driven by strong Wegovy pill sales and GLP-1 volume growth, prompting the company to raise its full-year outlook.
Wayfair reported its strongest quarterly sales growth since the pandemic, with U.S. revenue reaching $3 billion, up 11.4% year-over-year. The furniture retailer’s stock jumped 10% on the earnings announcement.
Uber reported third-quarter revenue exceeding analyst expectations, with shares rising more than 7%. However, the ride-hailing and food delivery segments missed forecasts amid driver supply challenges.
Anthropic’s IPO prospectus launch coincided with disappointing quarterly earnings from major tech partners Microsoft, Google, and Amazon, creating headwinds for the AI company’s market debut.
