US Stocks Open Higher; Vail Resorts Earnings Miss Views - Braze (NASDAQ:BRZE), Baosheng Media Gr (NASDAQ:

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2023-06-09 13:53:53  • 5 mins

U.S. stocks traded higher this morning, with Nasdaq Composite gaining around 100 points on Friday.

Following the market opening Friday, the Dow traded up 0.13% to 33,878.53 while the NASDAQ rose 0.72% to 13,334.06. The S&P 500, also rose, gaining, 0.39% to 4,310.77.

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  • Consumer discretionary shares jumped by 1.3% on Friday. Meanwhile, top gainers in the sector included Peloton Interactive, Inc. PTON, up 15%, and XPeng Inc. XPEV, up 8%.
  • In trading on Friday, materials shares fell by 0.8%.

Top Headline

Vail Resorts, Inc. MTN reported weaker-than-expected results for its third quarter on Thursday.

Vail Resorts posted quarterly earnings of $8.18 per share, missing analysts estimates of $8.84 per share. The companys quarterly sales came in at $1.24 billion versus expectations of $1.27 billion.

  • Braze, Inc. BRZE shares shot up 20% to $40.72 after the company posted upbeat first-quarter results and issued strong forecast.
  • Shares of Kingsoft Cloud Holdings Limited KC got a boost, shooting 20% to $5.76. Kingsoft Cloud announced share purchase by Vice Chairman and Chief Executive Officer.
  • Medigus Ltd. MDGS shares were also up, gaining 14% to $6.16.
  • Elevation Oncology, Inc. ELEV shares dropped 29% to $1.99 after the company reported pricing of $50 million public offering.
  • Shares of Planet Labs PBC PL were down 20% to $3.9085 after the company reported first-quarter results.
  • Baosheng Media Group Holdings Limited BAOS was down, falling 17% to $11.67 after jumping 145% on Thursday.

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