Reddit is lifted on a negative New York stock exchange after better-than-expected quarterly figures.
Today 15:30
Updated less than 20 minutes ago
This is what it looks like on the benchmark indices in the US just before 19:30 on Wednesday:
- The collective index S&P 500 is down 0.18 percent
- The industry-heavy index Dow Jones falls 0.16 percent
- The tech index Nasdaq Composites is down 0.42 percent
Tuesday ended mixed on Wall Street, while Monday was up.
Reddit impressed
Reddit, which debuted as a publicly traded company in March, reported first-quarter results on Tuesday.
Both the revenue and the adjusted operating profit Reddit delivered far exceeded expectations.
The share is up around 2 percent just before 7:30 p.m.
Uber is falling
The Uber share falls 8.62 percent after the transport company, among other things, presented disappointing prospects for the second quarter, according to Reuters.
The company’s revenue was 10.13 billion, which was quite in line with analysts’ expectations.
The result after tax came in at minus 654 million dollars, an expanded profit from 157 million in the same quarter in 2023.
