Investing.com - Financial Markets Worldwide

Expedia, Affirm and Wolfspeed fall premarket; Pinterest soars

AuthorPeter Nurse
Published 09/05/2025, 13:08
© Reuters.
BA
0.28%
EXPE
-1.13%
WOLF
0.00%
TTD
0.00%
LYFT
0.00%
PINS
0.74%
AFRM
-1.19%
COIN
0.77%

Investing.com -- U.S. stock futures traded in a muted fashion Friday, as investors await further news on trade negotiations between the U.S. and China over the weekend.

Here are some of the biggest premarket U.S. stock movers today:

  • Affirm Holdings (NASDAQ:AFRM) stock fell 6.2% after the buy-now-pay-later firm’s outlook for the fourth quarter and full fiscal year 2025 failed to impress, even as it reported better-than-expected third-quarter earnings.

  • Expedia (NASDAQ:EXPE) stock slumped 10% after the online travel-booking platform missed Wall Street estimates for quarterly revenue due to weaker than expected demand in the U.S..

  • Pinterest (NYSE:PINS) stock soared 12% after the image-sharing company provided a strong quarterly revenue forecast which allayed investor jitters about the uncertainty of advertising spending on its platform amid global economic volatility.

  • Coinbase (NASDAQ:COIN) stock fell 1.4% after the crypto exchange sequentially weaker first-quarter earnings as falling cryptocurrency prices during the quarter led to less trading and cryptocurrency asset losses.

  • Wolfspeed (NYSE:WOLF) stock slumped 20% after the tech company was downgraded by both JPMorgan and Citi to ‘underweight’/’sell’, citing worsening demand, macro uncertainty, and financial stress that now includes concerns over its ability to continue operating.

  • Boeing (NYSE:BA) stock rose 0.7% after UBS raised its price target on the aircraft manufacturer, citing a stronger free cash flow outlook and improved clarity on tariffs.

  • Lyft (NASDAQ:LYFT) stock gained 11% after Goldman Sachs upgraded its stance on the ride-hailing company to ‘buy’ from ‘neutral’ after a strong earnings report.

  • Trade Desk (NASDAQ:TTD) stock jumped 14% after the ad firm posted first-quarter revenue and profit above Wall Street estimates.

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