Movers: Airbnb, Amazon, Apple, Block, Booking Holdings, Paramount, Tupperware

Scott Peters
04 Aug, 2023
New York City

Market averages rebounded after the U.S. economy added below average 187,000 net new jobs in July and big tech earnings drove market sentiment. 

The S&P 500 index futures traded up 0.2% to 4,511.4.34 and the Nasdaq Composite futures rose 0.3% to 13,971.63. 

The yield on 2-year Treasury notes increased to 4.91%, 10-year Treasury notes inched higher to 4.20% and 30-year Treasury bonds edged down to 4.29%. 

Apple Inc declined 2.5% to $186.50 after the company reported sales declined 1% from a year ago and earnings per share of $1.29 on the weakness in computing devices and smart phones. 

Amazon.com, Inc soared 8.8% to $140.27 after the e-commerce company reported better-than-expected sales in its latest quarter of $134.4 billion and earnings of 65 cents per share. 

Airbnb Inc was nearly unchanged at $141.0 after the online short-term stay booking platform reported revenues and booking rose at a slower-than-expected pace in the quarter. 

Block Inc declined 6.6% to $68.80 after the company reported second quarter earnings per share of 39 cents and revenue of $5.53 billion. 

The company reported earnings and sales ahead of market expectations. 

Paramount Global declined 1.6% to $18.08 on multiple reports that the company is in talks with private equity firm KKR to sell its publishing division Simon & Schuster. 

Booking Holdings Inc rose 12.1% to $3,185.0 after the online travel booking company reported second quarter revenue of $5.46 billion and adjusted earnings per share of $37.62. 

Tupperware Brands Corp soared 60.1% to $5.64 after the company said it finalized its debt restructuring deal that could reclassify as much as $121 million in interest expenses  and fees.