On May 7, 2025, the US stock market opened with mixed results. The Dow Jones Industrial Average fell by 0.2%, the S&P 500 remained flat, and the Nasdaq Composite rose by 0.1%.
In the sector performance, streaming media stocks showed significant gains. Netflix rose by 0.47%, driven by investor confidence in its growth potential despite tariff threats. Walt Disney surged by 11.60% following strong Q2 financial results, surpassing revenue and earnings estimates, and announcing plans for a new theme park in Abu Dhabi.
Conversely, the e-commerce sector experienced declines. Alibaba, Pinduoduo, and JD.com all saw their stock prices drop, reflecting broader sector weakness.
NVIDIA fell by 0.51% as CEO Jensen Huang expressed concerns about missing market opportunities in China due to export restrictions. Alphabet rose by 0.65% after announcing a strategic agreement to fund new nuclear sites with Elementl Power. Tesla Motors increased by 0.50% despite reporting a 6% year-over-year decline in China-made EV sales for April.
Uber dropped by 3.03% after reporting weaker-than-expected Q1 earnings and revenue, attributed to external factors and rising insurance costs. Palantir Technologies Inc. fell by 1.64% following significant share sales by Cathie Wood's Ark Invest post-earnings.
Advanced Micro Devices rose by 1.57% on strong Q1 earnings and optimistic Q2 guidance. CrowdStrike Holdings, Inc. declined by 5.01% despite reaffirming its fiscal year 2026 guidance and announcing a workforce reduction plan.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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