Stock market whiplash: Winners and losers in a volatile earnings week
Markets experienced sharp swings last week as investors reacted to mixed earnings and economic concerns. While some companies surged on strong results, others faced steep declines amid broader uncertainty. US consumer sentiment also hit near-record lows during the ongoing shutdown.
Expedia led the gains after reporting a strong third quarter. Room-night growth in the US and Asia pushed earnings well above expectations. Monster Beverage also climbed 5%, thanks to rising demand for its zero-sugar drinks and new flavours.
Meanwhile, retail traders avoided buying the dip, selling off single stocks instead. Archer Aviation struggled after announcing a $650 million direct stock offering alongside disappointing quarterly figures. The company ended the week deep in losses. DraftKings recovered from an 11% drop to close higher after outlining plans for a new prediction markets business. Grindr, however, delivered its last quarterly report as a public company, beating forecasts on both earnings and sales. Tech stocks took a hit, with Nvidia suffering its worst week since April. Deutsche Börse fell 2.09% on Wednesday, extending a month-long decline. Netflix dropped nearly 6% the same day, continuing a three-month slide of over 34%. Novo Nordisk plunged up to 12% after its Alzheimer’s drug trial failed, wiping out nearly 60% of its value this year. Siemens also dipped 1.63% over the past week, despite stronger long-term finance performance. Stocks staged a late rally on Friday, clawing back from session lows. Target shareholders welcomed news of a potential 'friendliness rule' for employees, though no official policy has been announced.
The week ended with a split stock market—some firms thrived on solid earnings, while others faced heavy losses. Consumer confidence remains weak, and volatility persists across sectors. Investors will now watch for further economic signals and corporate updates in the coming days.
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