November 8, 2024

Top Stock Movers Now: Axon Enterprise, Sweetgreen, Akamai Technologies, and More

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Key Takeaways

The Dow and S&P 500 climbed to fresh highs Friday, extending their post-election rally.
Axon Enterprise shares surged, leading gains on the S&P 500 after the TASER maker posted better-than-expected results.
Akamai Technologies warned it faced macroeconomic and geopolitical headwinds, and shares slumped.

The Dow and S&P 500 climbed to fresh highs intraday Friday, extending their post-election rally. The Nasdaq was little changed and slightly lower.

Axon Enterprise (AXON) was the best-performing stock in the S&P 500, with shares hitting an all-time high after the TASER maker posted better-than-expected results and guidance.

Shares of DraftKings (DKNG) gained after the online betting platform offered a strong outlook for fiscal 2025, even though its results were being hurt by payouts for bets on National Football League games.

Insulet (PODD) shares took off after the insulin delivery device manufacturer reported a record jump in revenue and boosted its outlook as demand for its Omnipod grew.

Akamai Technologies (AKAM) shares dropped as the cloud services provider gave weaker-than-anticipated forecast, saying it faces macroeconomic and geopolitical headwinds.

Shares of Sweetgreen (SG) sank after the salad restaurant chain reported a wider-than-expected loss as it dealt with higher costs.

Redfin (RDFN) shares plunged as the online real estate site missed profit and sales forecasts and lowered its guidance as it lost market share.

Oil and gold futures fell. The yield on the 10-year Treasury note was down. The U.S. dollar advanced on the euro and pound, but lost ground to the yen. Prices for most major cryptocurrencies were higher.

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