Shares of PDD Holdings dropped 19.4% this week after disappointing Q1 results. Revenue and earnings missed estimates, and margins compressed due to investments.
U.S. markets closed higher on Tuesday, with the S&P 500 ending the day 2.05% higher at 5,921.54, while the Dow Jones Industrial Average rose 1.8% to 42,343.65. The Nasdaq also spiked nearly 2.5% to 19,199.16. These are the top stocks that gained the attention of retail traders and investors throughout the day:
Wall Street charged higher Tuesday, with U.S. equities posting broad-based gains by midday as investors embraced a risk-on mood, spurred by easing Treasury yields and renewed optimism surrounding trade talks between the U.S. and the European Union.
PDD Holdings Inc. stock falls in premarket after reporting fiscal Q1 2025 results, missing revenue estimates and experiencing a decline in profitability due to investments in platform ecosystem.
