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Walmart’s stock fell 9% after the retailer beat quarterly sales estimates but disappointed Wall Street with its comparable sales growth and forward guidance, despite raising its full-year outlook.
Best Buy reported stronger-than-expected quarterly results and raised its full-year financial guidance, though shares declined about 7% following the announcement.
Family offices increased stock holdings to 37% of portfolios in the second quarter, up from 34% in the first quarter, signaling bullishness on equities and the AI trade.
Marvell Technology shares declined 6% on Friday after posting a 37% revenue increase in the second quarter, as its fiscal 2028 outlook disappointed investors despite a 50% revenue growth projection.
Klarna shares fell more than 30% in a week following an earnings report that beat expectations but included significantly reduced full-year revenue and growth guidance.
Moderna and Merck’s tailored mRNA cancer vaccine showed success in late-stage trials, driving the health-care sector to its strongest week since late June with broad market enthusiasm.
