Trading on Wall Street was somewhat subdued early today, the Associated Press reports, as markets coasted toward another week of big gains. Futures for the S&P 500 were essentially unchanged, while futures for the Dow Jones Industrial Average ticked up less than 0.1%.
Airbnb tumbled 6.1% after the online vacation rental platform posted a mixed third-quarter earnings report and issued guidance for the fourth quarter that disappointed investors.
Digital pinboard and shopping site Pinterest slid 13.7% after the company’s revenue guidance came in lower than investors expected, even as it easily beat Wall Street’s sales and profit targets.
Sports betting app DraftKings fell 4.6% after it lost more money than expected in its most recent quarter and lowered its forecast.
On the winning side was Upstart, which jumped more than 17% before the bell. The AI-driven lending platform, which helps banks analyze loan applications, posted a much smaller loss than expected on strong revenue.
In other dealings early today, U.S. benchmark crude oil lost $1.22 to $71.14 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, gave up $1.06 to $74.57 per barrel.
The dollar fell to 152.49 Japanese yen from 152.94 yen.
