Midday movers: Roblox, Airbnb fall; Trade Desk, AppLovin and Bumble rise

(Updated - May 9, 2024 11:31 AM EDT)

Investing.com -- Main U.S. indexes rose Thursday amid signs of cooling in the labor market following a rise in weekly jobless claims, boosting hopes the Federal Reserve will lower interest rates.

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

• Arm Holdings (NASDAQ:ARM) ADRs slumped 2% after the chip designer delivered annual revenue guidance that fell short of estimates despite a wave of enterprise spending on artificial intelligence.

• Robinhood (NASDAQ:HOOD) stock rose 0.2% after the trading platform posted first-quarter earnings and revenue above expectations, boosted by strong crypto trading volumes and an elevated borrowing cost environment that lifted net interest revenue.

• Airbnb (ABNB) stock fell 6% after the vacation rental company forecast second-quarter revenue below expectations, despite strong demand in regions outside of North America.

• Warner Brothers Discovery (NASDAQ:WBD) stock fell 0.1% after the entertainment giant missed estimates for first-quarter revenue, weighed down by a weak advertising market and strike-related delays at its studio segment.

• Bumble (BMBL) stock soared 6% after the online dating app beat estimates for first-quarter revenue, helped by growth in its paying users.

• Planet Fitness (NYSE:PLNT) stock rose 6% despite the operator of fitness centers lowering its full-year guidance to reflect a more cautious consumer.

• Yeti Holdings (NYSE:YETI) stock rose 12% after the manufacturing of outdoor products beat first-quarter earnings expectations and raised its guidance amid strength in coolers and international sales.

• Papa John's (NASDAQ:PZZA) stock fell 4.4% after the pizza chain logged lower earnings in the first quarter as sales fell without the boost it received a year ago from the high-volume final week of December.

• Warby Parker (WRBY) stock rose 15% after the eyewear retailer raised its full-year guidance, offsetting a surprise quarterly loss.

• Roblox (RBLX) fell 22% after the video game company issued guidance for bookings that trailed estimates and reporting soft engagement figures.

• AppLovin (NASDAQ: NASDAQ:APP) rose 8% after EPS in the first quarter surprised to the upside and it issued solid guidance for second quarter profitability.

• The Trade Desk Inc . (NASDAQ:TTD) rose 2.7% after beating estimates on the top and bottom line. Analysts pointed to strength in its connected TV ad business.

Additional reporting by Louis Juricic