Stocks Rise as Major Indexes on Track to Post Solid Weekly Gains; Apple Extends Rally, Gold at Record High Levels

The Trade Desk Shares Nosedive After Weak Results

14 minutes ago

The Trade Desk (TTD) shares plunged Friday after the provider of software to help businesses run ad campaigns warned that new U.S. tariffs are putting a crimp on advertising spending. The company also announced a CFO change.

The stock was down nearly 40% around $54 per share in recent trading, erasing all of its recent gains on its addition to the S&P 500 last month. It’s lost more than half its value since the year started.

CEO Jeff Green said in a call with analysts that some of the large companies that use its services are facing pressure from tariffs. “The impact of tariffs and related policies on these businesses are very real,” he said, according to a transcript provided by AlphaSense, adding “we see the effects that are directly impacting them.”

The company reported mixed second-quarter results. Revenue rose 18.7% year-over-year to $694 million, above the average estimate of analysts surveyed by Visible Alpha. However, adjusted earnings per share of $0.41 came in just short of forecasts.

The Trade Desk also announced that current board member Alex Kayyal would become the new CFO, replacing Laura Schenkein, who will remain with the firm through the end of the year to help with the transition. She held the position for two years.

–Bill McColl

Expedia Shares Jump on Strong Earnings, Boosted Outlook

2 hr 13 min ago

Expedia Group (EXPE) shares rose Friday after the online travel site reported better-than-anticipated results and lifted its guidance on rising international demand for its services.

The company posted second-quarter adjusted earnings per share of $4.24, $0.29 above the average estimate of analysts surveyed by Visible Alpha. Revenue rose 6% to $3.79 billion, and gross bookings were up 5% to $30.41 billion. Both also beat forecasts.

Revenue from points of sale outside the U.S. rose 13% to $1.48 billion. U.S. points of sale revenue added 3% to $2.03 billion. Booked room nights grew 7% to 105.5 million.

CEO Ariane Gorin said Expedia exceeded its own expectations “while navigating a dynamic environment.” She noted the quarterly performance “was driven by continued strength across B2B and Advertising and further progress on our key priorities.”

The company now sees full-year revenue and gross bookings 3% to 5% higher, compared to its earlier outlook of an increase of 2% to 4% for each. It predicts EBITDA margin expansion of 100 basis points (bps), versus the prior 75 to 100 bps guidance. 

Expedia shares were up about 5% in recent trading, after jumping 14% at the open. The stock entered the day roughly flat so far in 2025.

–Bill McColl

Intel CEO Says He Has Board Support

2 hr 44 min ago

Intel (INTC) CEO Lip-Bu Tan said he has the full support of the company’s board, after President Donald Trump called for him to step down.  

In a letter to employees, Tan said “there has been a lot of misinformation circulating,” and that he is engaging with the Trump administration to address concerns raised.

Yesterday, Trump posted on his Truth Social network, “The CEO of INTEL is highly CONFLICTED and must resign, immediately.” 

The comments came after Sen. Tom Cotton (R-Ark.) wrote a letter to Intel’s board chair earlier this week, asking about Tan’s ties to Chinese firms, and stakes in companies with reported connections to the country’s military. Tan, who took the helm of Intel in March, was previously CEO of Cadence Design Systems (CDNS), which said it recently settled legal proceedings related to “operations and business dealings in China.” 

Tan said in his letter, “I want to be absolutely clear: Over 40+ years in the industry, I’ve built relationships around the world and across our diverse ecosystem—and I have always operated within the highest legal and ethical standards. My reputation has been built on trust—on doing what I say I’ll do, and doing it the right way. This is the same way I am leading Intel.”

“I fully share the President’s commitment to advancing U.S. national and economic security, I appreciate his leadership to advance these priorities, and I’m proud to lead a company that is so central to these goals,” the CEO said.

Intel shares were up about 1% in early trading Friday, after sliding 3% yesterday, leaving them slightly negative for the year.

–Kara Greenberg

Nasdaq Pacing for Best Week Since June

3 hr 20 min ago

Each of the major U.S. indexes is on track to post weekly gains, as stocks rebound from a sluggish performance last week.

Coming into Friday’s session, the Nasdaq Composite has risen 2.9%, which would be its biggest weekly gain since the week of June 23, when the tech-heavy index increased 4.2%.

The S&P 500 and the Dow Jones Industrial Average have gained 1.6% and 1.1%, respectively, so far this week.

So far in 2025, the Nasdaq is up 10%, while the S&P 500 and Dow have tacked on 7.8% and 3.4%, respectively.

Futures Point to Higher Open for Major Indexes

4 hr 11 min ago

Futures tied to the Dow Jones Industrial Average were up 0.1%.

S&P 500 futures added 0.2%.

Nasdaq 100 futures also tacked on 0.2%.