Nasdaq Closes at File Excessive as Apple Leads Tech Inventory Rally; Main Indexes Publish Stable Weekly Features

Greatest S&P 500 Movers on Friday

56 minutes in the past

Advancers

• Gilead Sciences (GILD) inventory was the highest performer within the S&P 500 on Friday, leaping 8.3% after the biopharmaceutical firm posted stronger-than-expected income and adjusted earnings per share for the second quarter. Descovy, Gilead’s HIV therapy that can be prescribed as a pre-exposure prophylaxis to decrease the danger of HIV an infection, helped drive gross sales progress through the quarter, with an increase in demand and better common promoting costs.
• Cybersecurity agency Gen Digital (GEN) beat quarterly gross sales and revenue expectations and raised its full-year outlook. The supplier of antivirus software program and identification safety companies benefitted from sturdy demand for its AI-driven safety options amid an uptick in AI-powered scams. Gen Digital shares surged 7.7%.
• Monster Beverage (MNST) surpassed analysts’ top- and bottom-line expectations on document quarterly income, and shares of the vitality drink maker climbed 6.4%. Analysts pointed to a rising marketplace for vitality drinks and advised Monster may additionally profit from its improvements in zero-sugar merchandise.
• Apple (AAPL) shares rose over 4%, within the inventory’s third straight day of positive factors after CEO Tim Cook dinner joined President Trump on the White Home to announce a $100 billion funding in U.S. manufacturing, and Trump mentioned the iPhone maker could be exempt from new tariffs on chips.

Decliners

• Shares of The Commerce Desk (TTD) plummeted 38.6%, falling the furthest of any inventory within the S&P 500 on Friday. The supplier of a cloud-based platform that helps advertisers optimize their campaigns mentioned among the massive firms that use its companies are limiting advert spending in response to tariff pressures. Whereas The Commerce Desk grew its quarterly income 18.7% year-over-year to edge out analysts’ gross sales forecasts, its adjusted earnings barely missed expectations. The corporate additionally named a brand new CFO.
• Web area supplier GoDaddy (GDDY) topped gross sales and revenue expectations for the second quarter and lifted its full-year income steerage, boosted by demand for its AI instruments that assist companies maximize their digital footprint. Nevertheless, GoDaddy mentioned it’ll not function as a registry service supplier for the .CO stage area as of the fourth quarter of 2025, which the corporate says may weigh on bookings and income starting later this 12 months. GoDaddy shares dropped 11.3%.
• Warner Bros Discovery (WBD) shares ended Friday’s session 8% decrease, a day after the leisure large posted its quarterly outcomes. Though the studio division generated important year-over-year income progress, boosted by sturdy box-office gross sales from various theatrical releases, WBD’s world linear networks income was down from a 12 months in the past, reflecting challenges within the TV enterprise.

–Michael Bromberg

SoundHound Jumps 26% as Income Skyrockets

1 hr 16 min in the past

SoundHound AI (SOUN) shares soared Friday after the maker of synthetic intelligence voice software program reported document gross sales and boosted its outlook because it added extra clients, particularly in China.

The corporate reported second-quarter income that skyrocketed 217% year-over-year to $42.68 million, about $10 million greater than analysts from Seen Alpha anticipated. Its lack of $0.03 per share narrowed from a 12 months in the past, and likewise beat estimates.

Co-founder and CEO Keyvan Mohajer mentioned it was SoundHound AI’s “strongest ever quarter,” and that a number of of its earlier strategic strikes “delivered high-impact outcomes with progress throughout each enterprise unit.”

Among the many positive factors, the Automotive enterprise scored what the corporate referred to as a “important new win in China for our voice assistant to be built-in in a significant OEM with automobiles spanning China and worldwide, together with the event of a number of new languages.”

SoundHound AI raised its full-year income forecast to a variety of $160 million to $178 million, in comparison with its earlier forecast of $157 million to $177 million.

The inventory gained 26% to shut at at its highest stage since February. Regardless of immediately’s advance, shares of SoundHound AI have misplaced a couple of third of their worth in 2025.

–Invoice McColl

Tariff Uncertainty Sparks Volatility in Gold Market

1 hr 43 min in the past

The gold market was whiplashed by on-and-possibly-off once more tariffs imposed on Swiss bullion.

The Monetary Occasions first reported on Thursday that the U.S. had positioned levies on gold bars. On Friday morning, the U.S. Customs and Border Safety service’s web site confirmed a letter ruling from the service dated July 31, saying forged gold 1-kilogram bullion and 100-troy-ounce bullion bars from Switzerland must be positioned underneath customs classifications which might be topic to tariffs that have been efficient as of April 5.

Gold futures costs in New York rose to document ranges, briefly hitting a excessive above $3,500 per troy ounce on Friday, and have been buying and selling at a premium over benchmark spot costs in London. That futures costs spiked over spot would make sense—they sometimes commerce at a premium, as a result of there isn’t a carry price embedded in spot. Patrons of gold futures, nonetheless, are locking in a value for supply at a future date, which, for gold bars, would come with related bills like the price of storage.

Gold futures pared positive factors to round $3,450 per troy ounce, pushing its premium to identify all the way down to normalized ranges, following a Bloomberg report that the Trump administration would within the “near-future” challenge an govt order clarifying that there could be no duties imposed on gold bars from Switzerland.

Gold mining shares, together with Freeport-McMoRan (FCX), Royal Gold (RGLD), and U.S. Gold Corp. (USAU), closed increased on Friday, outperforming the broad market.

Trump introduced levies of 31% for Switzerland in April, however raised the speed to 39% final week. Swiss President Karin Keller-Sutter reportedly left Washington, D.C., with out a deal in hand earlier this week, in response to Reuters.

One-kilo bars are probably the most generally traded dimension of gold bars on the world’s largest gold futures market, COMEX.

If tariffs on gold are imposed, Switzerland could be in a decent spot. In accordance with statistics for 2024 compiled by Buying and selling Economics based mostly on the United Nations worldwide commerce database, pearls, treasured stones, metals, and cash are the nation’s second-highest imports to the U.S. by worth, behind solely prescription drugs.

–Crystal Kim

Underneath Armour Inventory Sinks as Tariffs Weigh on Outlook

2 hr 59 min in the past

Underneath Armour (UAA) shares tumbled Friday after the retailer mentioned it will be half as worthwhile this fiscal 12 months because it was final 12 months.

The inventory was down 18% in latest buying and selling. It is misplaced almost a 3rd of its worth for the reason that 12 months started.

Underneath Armour on Friday reported a $2.6 million loss for the fiscal first quarter, somewhat than the $600,000 revenue analysts referred to as for. Its earnings lagged expectations even after they have been adjusted for restructuring prices and authorized exercise.

The athletic attire firm cautioned that its funds will possible worsen earlier than they get higher—earnings for the complete 12 months may very well be half of what they have been a 12 months in the past, CFO David Bergman mentioned.

“With the tariff setting and the way that is impacting demand within the general market, it will be harder to make extra progress this 12 months,” Bergman mentioned, in response to a transcript made obtainable by AlphaSense. “However I believe we do have elevated self-discipline.”

The Baltimore-based firm beforehand projected a “modest” income dip in fiscal 2026 because it sought to finesse its product line and cut back promotions, Bergman mentioned. Nevertheless, the turnaround will possible take longer as a consequence of sluggish demand for athletic attire, significantly footwear, and tariffs, he mentioned.

The corporate is exploring various suppliers and will elevate costs, however such strikes would not present up in its funds till subsequent fiscal 12 months, Bergman mentioned.

Underneath Armour reported $8.6 million in adjusted earnings on $1.1 billion in income for the quarter ended June 30. Analysts have been searching for $10.8 million in adjusted earnings and an analogous quantity in income, in response to consensus estimates compiled by Seen Alpha.

–Sarina Trangle

Firefly Inventory Falters After First-Day Pop

4 hr 27 min in the past

Firefly Aerospace’s (FLY) inventory is sputtering, simply in the future after its buying and selling debut, when enthusiasm for the brand new itemizing despatched shares hovering.

The area firm’s inventory was down 18% to about $50 Friday afternoon, wiping out greater than half its positive factors in its first day of buying and selling yesterday.

Failure to launch was not an issue for the Cedar Park-Texas based mostly agency, which raised almost $870 million in an upsized preliminary public providing and notched massive first-day returns following a sequence of inauspicious years, together with a chapter and rocket-development setbacks. Firefly, which counts the U.S. authorities’s Area Drive amongst its main purchasers, claims to be the primary non-public firm to efficiently obtain a soft-landing on the moon. Its shares closed 34% above its IPO value of $45 on Thursday.

Firefly is a part of the 2025 cohort of $100 million-plus IPOs that popped on their first day of buying and selling, exhibiting renewed investor appetites for brand spanking new shares like stablecoin issuer Circle (CRCL) and design device maker Figma (FIG). Up to now this 12 months, that group had a median first-day pop of over 18%, outperforming new listings going again to 2021, in response to pre-IPO analysis supplier Renaissance Capital. The Renaissance IPO ETF (IPO), which tracks the agency’s index, closed 12% increased on Thursday year-to-date, outpacing the S&P 500’s 8% acquire.

–Crystal Kim

Gold Ranges to Watch as Valuable Metallic Again at File Ranges

5 hr 50 min in the past

Gold (XAUUSD) costs have rallied over the previous week and are close to record-high ranges after a wave of profit-taking in late July.

Traders have bid up the valuable metallic amid uncertainty over the outlook for the U.S. financial system and expectations that the Federal Reserve will reduce rates of interest in September, following July’s weaker-than-expected employment report launched final Friday. Gold tends to learn from its repute as a safe-haven asset throughout occasions of financial uncertainty, whereas decrease charges additionally assist the non-yielding asset. Studies that the U.S. will impose tariffs on imports of gold bars have additionally underpinned positive factors this week.

The commodity has soared about 30% this 12 months, boosted by issues over the Trump administration’s unpredictable commerce insurance policies—amid uncertainty about how tariffs will have an effect on the financial system—and ongoing tensions within the Center East. Spot gold was buying and selling at slightly below $3,400 per troy ounce not too long ago.

Since a taking pictures star sample marked gold’s excessive in late April, the commodity has consolidated in an ascending triangle, a bullish chart formation that alerts a possible continuation of the longer-term uptrend.

Extra not too long ago, the worth has rallied from the triangle’s decrease trendline and reclaimed the revered 50-day shifting common (MA), a transfer that has coincided with the relative power index crossing again into bullish territory.

Traders ought to watch key overhead areas on spot gold’s chart round $3,435 and $3,735, whereas additionally monitoring main assist ranges close to $3,245 and $3,150.

Learn the complete technical evaluation piece right here.

–Timothy Smith

The Commerce Desk Shares Nosedive After Weak Outcomes

6 hr 10 min in the past

The Commerce Desk (TTD) shares plunged Friday after the supplier of software program to assist companies run advert campaigns warned that new U.S. tariffs are placing a crimp on promoting spending. The corporate additionally introduced a CFO change.

The inventory was down almost 40% round $54 per share in latest buying and selling, erasing all of its latest positive factors on its addition to the S&P 500 final month. It is misplaced greater than half its worth for the reason that 12 months began.

CEO Jeff Inexperienced mentioned in a name with analysts that among the massive firms that use its companies are dealing with strain from tariffs. “The influence of tariffs and associated insurance policies on these companies are very actual,” he mentioned, in response to a transcript supplied by AlphaSense, including “we see the results which might be straight impacting them.”

The corporate reported blended second-quarter outcomes. Income rose 18.7% year-over-year to $694 million, above the typical estimate of analysts surveyed by Seen Alpha. Nevertheless, adjusted earnings per share of $0.41 got here in simply in need of forecasts.

The Commerce Desk additionally introduced that present board member Alex Kayyal would turn out to be the brand new CFO, changing Laura Schenkein, who will stay with the agency by way of the tip of the 12 months to assist with the transition. She held the place for 2 years.

–Invoice McColl

Expedia Shares Soar on Robust Earnings, Boosted Outlook

8 hr 9 min in the past

Expedia Group (EXPE) shares rose Friday after the web journey website reported better-than-anticipated outcomes and lifted its steerage on rising worldwide demand for its companies.

The corporate posted second-quarter adjusted earnings per share of $4.24, $0.29 above the typical estimate of analysts surveyed by Seen Alpha. Income rose 6% to $3.79 billion, and gross bookings have been up 5% to $30.41 billion. Each additionally beat forecasts.

Income from factors of sale outdoors the U.S. rose 13% to $1.48 billion. U.S. factors of sale income added 3% to $2.03 billion. Booked room nights grew 7% to 105.5 million.

CEO Ariane Gorin mentioned Expedia exceeded its personal expectations “whereas navigating a dynamic setting.” She famous the quarterly efficiency “was pushed by continued power throughout B2B and Promoting and additional progress on our key priorities.”

The corporate now sees full-year income and gross bookings 3% to five% increased, in comparison with its earlier outlook of a rise of two% to 4% for every. It predicts EBITDA margin enlargement of 100 foundation factors (bps), versus the prior 75 to 100 bps steerage. 

Expedia shares have been up about 5% in latest buying and selling, after leaping 14% on the open. The inventory entered the day roughly flat to this point in 2025.

–Invoice McColl

Intel CEO Says He Has Board Help

8 hr 41 min in the past

Intel (INTC) CEO Lip-Bu Tan mentioned he has the complete assist of the corporate’s board, after President Donald Trump referred to as for him to step down.  

In a letter to workers, Tan mentioned “there was a variety of misinformation circulating,” and that he’s partaking with the Trump administration to deal with issues raised.

Yesterday, Trump posted on his Reality Social community, “The CEO of INTEL is extremely CONFLICTED and should resign, instantly.” 

The feedback got here after Sen. Tom Cotton (R-Ark.) wrote a letter to Intel’s board chair earlier this week, asking about Tan’s ties to Chinese language corporations, and stakes in firms with reported connections to the nation’s army. Tan, who took the helm of Intel in March, was beforehand CEO of Cadence Design Methods (CDNS), which mentioned it not too long ago settled authorized proceedings associated to “operations and enterprise dealings in China.” 

Tan mentioned in his letter, “I need to be completely clear: Over 40+ years within the business, I’ve constructed relationships world wide and throughout our numerous ecosystem—and I’ve all the time operated throughout the highest authorized and moral requirements. My repute has been constructed on belief—on doing what I say I’ll do, and doing it the correct method. This is identical method I’m main Intel.”

“I totally share the President’s dedication to advancing U.S. nationwide and financial safety, I recognize his management to advance these priorities, and I’m proud to steer an organization that’s so central to those targets,” the CEO mentioned.

Intel shares have been up about 1% in early buying and selling Friday, after sliding 3% yesterday, leaving them barely adverse for the 12 months.

–Kara Greenberg

Nasdaq Pacing for Finest Week Since June

9 hr 17 min in the past

Every of the foremost U.S. indexes is on monitor to put up weekly positive factors, as shares rebound from a sluggish efficiency final week.

Coming into Friday’s session, the Nasdaq Composite has risen 2.9%, which might be its greatest weekly acquire for the reason that week of June 23, when the tech-heavy index elevated 4.2%.

The S&P 500 and the Dow Jones Industrial Common have gained 1.6% and 1.1%, respectively, to this point this week.

Up to now in 2025, the Nasdaq is up 10%, whereas the S&P 500 and Dow have tacked on 7.8% and three.4%, respectively.

Futures Level to Larger Open for Main Indexes

10 hr 8 min in the past

Futures tied to the Dow Jones Industrial Common have been up 0.1%.

S&P 500 futures added 0.2%.

Nasdaq 100 futures additionally tacked on 0.2%.