{"id":10791,"date":"2023-08-10T12:58:19","date_gmt":"2023-08-10T12:58:19","guid":{"rendered":"https:\/\/isafespend.com\/investing\/roblox-upstart-draftkings-nvidia-and-more-market-movers\/"},"modified":"2023-08-10T12:58:21","modified_gmt":"2023-08-10T12:58:21","slug":"roblox-upstart-draftkings-nvidia-and-more-market-movers","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=10791","title":{"rendered":"Roblox, Upstart, DraftKings, Nvidia, and More Market Movers"},"content":{"rendered":"
\n
\n
\n
<\/div>
\n

Stocks fell Wednesday as traders looked ahead to this week\u2019s inflation data.<\/h4>\n


\n Dreamstime
\n <\/span>
\n <\/figcaption><\/figure>\n<\/p><\/div>\n

Stocks fell on Wednesday ahead of inflation data Thursday.<\/p>\n

These stocks made moves Wednesday:\u00a0<\/p>\n

\n Roblox
\n (ticker: RBLX) slid 22% after the videogame platform company reported a wider-than-expected second-quarter loss and bookings in the period came up way short.<\/p>\n

\n

\n Upstart Holdings
\n stock (UPST) fell 34% after the artificial-intelligence lending company issued an earnings and revenue forecast for the third quarter that was below expectations. Upstart expects revenue in the quarter of $140 million, lower than forecasts of $155.3 million. The company also expects adjusted earnings before interest, taxes, depreciation and amortization of $5 million vs. analysts\u2019 expectations of $9.6 million.<\/p>\n

\n WeWork
\n (WE) tumbled 39% to about 13 cents after the provider of co-working spaces said as a result of its \u201closses and projected cash needs, combined with increased member churn and current liquidity levels, substantial doubt exists about the company\u2019s ability to continue as a going concern.\u201d\u00a0<\/p>\n

\n Array Technologies
\n (ARRY) jumped 24% after the solar tracking systems maker\u2019s second-quarter earnings and sales easily topped estimates.<\/p>\n

\n Doximity
\n (DOCS) tumbled 23% after the physician cloud-software company said it would be cutting 10% of its workforce, about 100 employees, and reduced revenue guidance for fiscal 2024 to a range of $452 million and $468 million, down from previous guidance of $500 million to $506 million.<\/p>\n

\n Super Micro Computer
\n (SMCI) fell 23% after the information technology solutions company issued guidance that was lighter than expected.<\/p>\n

\n Toast
\n (TOST), the cloud-based platform for restaurant operations, rose 15% after topping second-quarter revenue expectations and recording positive free cash flow of $39 million.<\/p>\n

\n Marqeta
\n (MQ) surged 12% after the company extended its deal with
\n Block
\n (SQ) to power the Cash App debit card through June 2027.<\/p>\n

\n Axon Enterprise
\n (AXON), the maker of Taser, body camera and safety devices, rose 14% and was the best performer Wednesday in the
\n S&P 500.<\/span>
\n Axon posted better-than-expected adjusted second-quarter earnings. <\/p>\n

\n ZipRecruiter
\n (ZIP) declined 10% after the online hiring platform\u2019s third-quarter guidance was below Wall Street\u2019s estimates.<\/p>\n

\n Penn Entertainment
\n (PENN) closed up 9.1% after saying its Barstool Sportsbook app would be rebranded as ESPN Bet this fall as part of a 10-year agreement with ESPN, which is owned by Walt Disney. Penn will pay ESPN $1.5 billion over the 10 years. Penn also divested 100% of its stake in Barstool Sports to Barstool founder\u00a0David Portnoy. Shares of rival
\n DraftKings
\n (DKNG) declined 9.3%.<\/p>\n

\n Nvidia
\n (NVDA) fell 4.7% and was one of the worst performers in the
\n S&P 500.<\/span>
\n On Tuesday, the company announced the next-generation version of its GH200 Grace Hopper Superchip. <\/p>\n

Write to Joe Woelfel at\u00a0joseph.woelfel@barrons.com\u00a0<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Stocks fell Wednesday as traders looked ahead to this week\u2019s inflation data. Dreamstime Stocks fell on Wednesday ahead of inflation data Thursday. These stocks made moves Wednesday:\u00a0 Roblox (ticker: RBLX) slid 22% after the videogame platform company reported a wider-than-expected second-quarter loss and bookings in the period came up way short. Upstart Holdings stock (UPST)<\/p>\n","protected":false},"author":1,"featured_media":10792,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-10791","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"\nRoblox, Upstart, DraftKings, Nvidia, and More Market Movers | iSafeSpend<\/title>\n<meta name=\"description\" content=\"Stocks fell Wednesday as traders looked ahead to this week\u2019s inflation data. Dreamstime Stocks fell on Wednesday ahead of inflation data Thursday. These\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/isafespend.com\/?p=10791\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Roblox, Upstart, DraftKings, Nvidia, and More Market Movers | iSafeSpend\" \/>\n<meta property=\"og:description\" content=\"Stocks fell Wednesday as traders looked ahead to this week\u2019s inflation data. Dreamstime Stocks fell on Wednesday ahead of inflation data Thursday. These\" \/>\n<meta property=\"og:url\" content=\"https:\/\/isafespend.com\/?p=10791\" \/>\n<meta property=\"og:site_name\" content=\"iSafeSpend\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-10T12:58:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-10T12:58:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/1691672300_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/isafespend.com\/?p=10791#article\",\"isPartOf\":{\"@id\":\"https:\/\/isafespend.com\/?p=10791\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/isafespend.com\/#\/schema\/person\/5b8c1c75336efaf09b163cd1eab0c9bf\"},\"headline\":\"Roblox, Upstart, DraftKings, Nvidia, and More Market Movers\",\"datePublished\":\"2023-08-10T12:58:19+00:00\",\"dateModified\":\"2023-08-10T12:58:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/isafespend.com\/?p=10791\"},\"wordCount\":430,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/isafespend.com\/#organization\"},\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/isafespend.com\/?p=10791#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/isafespend.com\/?p=10791\",\"url\":\"https:\/\/isafespend.com\/?p=10791\",\"name\":\"Roblox, Upstart, DraftKings, Nvidia, and More Market Movers | iSafeSpend\",\"isPartOf\":{\"@id\":\"https:\/\/isafespend.com\/#website\"},\"datePublished\":\"2023-08-10T12:58:19+00:00\",\"dateModified\":\"2023-08-10T12:58:21+00:00\",\"description\":\"Stocks fell Wednesday as traders looked ahead to this week\u2019s inflation data. Dreamstime Stocks fell on Wednesday ahead of inflation data Thursday. These\",\"breadcrumb\":{\"@id\":\"https:\/\/isafespend.com\/?p=10791#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/isafespend.com\/?p=10791\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/isafespend.com\/?p=10791#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/isafespend.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Roblox, Upstart, DraftKings, Nvidia, and More Market Movers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/isafespend.com\/#website\",\"url\":\"https:\/\/isafespend.com\/\",\"name\":\"Solutions For Real\",\"description\":\"Latest Finance News and Updates\",\"publisher\":{\"@id\":\"https:\/\/isafespend.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/isafespend.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/isafespend.com\/#organization\",\"name\":\"Solutions For Real\",\"url\":\"https:\/\/isafespend.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/isafespend.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png\",\"contentUrl\":\"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png\",\"width\":690,\"height\":64,\"caption\":\"Solutions For Real\"},\"image\":{\"@id\":\"https:\/\/isafespend.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/isafespend.com\/#\/schema\/person\/5b8c1c75336efaf09b163cd1eab0c9bf\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/isafespend.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png\",\"contentUrl\":\"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/isafespend.com\"],\"url\":\"https:\/\/isafespend.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Roblox, Upstart, DraftKings, Nvidia, and More Market Movers | iSafeSpend","description":"Stocks fell Wednesday as traders looked ahead to this week\u2019s inflation data. Dreamstime Stocks fell on Wednesday ahead of inflation data Thursday. These","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/isafespend.com\/?p=10791","og_locale":"en_US","og_type":"article","og_title":"Roblox, Upstart, DraftKings, Nvidia, and More Market Movers | iSafeSpend","og_description":"Stocks fell Wednesday as traders looked ahead to this week\u2019s inflation data. Dreamstime Stocks fell on Wednesday ahead of inflation data Thursday. These","og_url":"https:\/\/isafespend.com\/?p=10791","og_site_name":"iSafeSpend","article_published_time":"2023-08-10T12:58:19+00:00","article_modified_time":"2023-08-10T12:58:21+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/1691672300_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/isafespend.com\/?p=10791#article","isPartOf":{"@id":"https:\/\/isafespend.com\/?p=10791"},"author":{"name":"News Room","@id":"https:\/\/isafespend.com\/#\/schema\/person\/5b8c1c75336efaf09b163cd1eab0c9bf"},"headline":"Roblox, Upstart, DraftKings, Nvidia, and More Market Movers","datePublished":"2023-08-10T12:58:19+00:00","dateModified":"2023-08-10T12:58:21+00:00","mainEntityOfPage":{"@id":"https:\/\/isafespend.com\/?p=10791"},"wordCount":430,"commentCount":0,"publisher":{"@id":"https:\/\/isafespend.com\/#organization"},"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/isafespend.com\/?p=10791#respond"]}]},{"@type":"WebPage","@id":"https:\/\/isafespend.com\/?p=10791","url":"https:\/\/isafespend.com\/?p=10791","name":"Roblox, Upstart, DraftKings, Nvidia, and More Market Movers | iSafeSpend","isPartOf":{"@id":"https:\/\/isafespend.com\/#website"},"datePublished":"2023-08-10T12:58:19+00:00","dateModified":"2023-08-10T12:58:21+00:00","description":"Stocks fell Wednesday as traders looked ahead to this week\u2019s inflation data. Dreamstime Stocks fell on Wednesday ahead of inflation data Thursday. These","breadcrumb":{"@id":"https:\/\/isafespend.com\/?p=10791#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/isafespend.com\/?p=10791"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/isafespend.com\/?p=10791#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/isafespend.com\/"},{"@type":"ListItem","position":2,"name":"Roblox, Upstart, DraftKings, Nvidia, and More Market Movers"}]},{"@type":"WebSite","@id":"https:\/\/isafespend.com\/#website","url":"https:\/\/isafespend.com\/","name":"Solutions For Real","description":"Latest Finance News and Updates","publisher":{"@id":"https:\/\/isafespend.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/isafespend.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/isafespend.com\/#organization","name":"Solutions For Real","url":"https:\/\/isafespend.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/isafespend.com\/#\/schema\/logo\/image\/","url":"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png","contentUrl":"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png","width":690,"height":64,"caption":"Solutions For Real"},"image":{"@id":"https:\/\/isafespend.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/isafespend.com\/#\/schema\/person\/5b8c1c75336efaf09b163cd1eab0c9bf","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/isafespend.com\/#\/schema\/person\/image\/","url":"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png","contentUrl":"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png","caption":"News Room"},"sameAs":["https:\/\/isafespend.com"],"url":"https:\/\/isafespend.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/posts\/10791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/isafespend.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10791"}],"version-history":[{"count":1,"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/posts\/10791\/revisions"}],"predecessor-version":[{"id":10793,"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/posts\/10791\/revisions\/10793"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/media\/10792"}],"wp:attachment":[{"href":"https:\/\/isafespend.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/isafespend.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/isafespend.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}