Posted 2/23/2024, 9:30:00 PM
Stocks Mixed as Carvana Surges, Booking and Warner Bros. Fall on Earnings
- Major indexes showed mixed action on Friday, with the Dow rising 0.2% but the Nasdaq falling 0.3%.
- Carvana stock surged over 32% on strong earnings outlook, while Booking.com and Warner Bros. Discovery plunged on weak results.
- Reddit filed for an IPO, revealing details of its partnership with Google AI unit to train language models.
- Several software stocks like Zscaler and Workday are nearing potential buy points ahead of earnings next week.
- Investors took a breather on Friday following Thursday's rally led by Nvidia, though breadth weakened with advancers barely ahead of decliners.