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Top Stock Movers Now: Airbnb, DraftKings, DaVita, and More
Key Takeaways
Major U.S. equity indexes were mixed and little changed at midday Friday after a report showed a larger-than-expected decline in U.S. retail sales . The S&P 500 and Nasdaq were slightly higher, while the Dow ticked lower.
Airbnb ( ABNB ) shares took off after the vacation rental provider reported better-than-anticipated results as bookings grew.
DraftKings ( DKNG ) shares also soared after the online sports betting platform exceeded profit estimates and lifted the lower end of its revenue outlook as it added customers and benefited from its purchase of rival Jackpocket.
DaVita ( DVA ) shares sank as the dialysis services firm gave a disappointing forecast on higher health care costs, and Warren Buffett’s Berkshire Hathaway ( BRK.A , BRK.B ) cut its stake in the company.
Shares of GoDaddy ( GDDY ) tumbled after the website domain name provider missed profit estimates as it lost customers.
Informatica ( INFA ) shares lost nearly a third of their value after the cloud data and management platform’s sales came in short of forecasts and it gave a weak outlook . The company pointed to the negative impact of foreign exchange rates and slowing demand.
Oil and gold futures declined. The yield on the 10-year Treasury note slid. The U.S. dollar lost ground to the euro, pound, and yen. Prices for most major cryptocurrencies gained.
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