CNBC Business News Update - Market Open: Stocks Open Higher, Trade Desk Shares Plunge, Pinterest Slides
Episode Date: August 8, 2025From Wall Street to Main Street, the latest on the markets and what it means for your money. Updated regularly on weekdays, featuring CNBC expert analysis and sound from top business newsmakers. Ancho...red by CNBC's Jill Schneider.
Transcript
Discussion (0)
I'm Jill Schneider, CNBC.
Stocks have opened higher on this Friday, putting the three major averages on pace to round out the week with gains.
The Dow is up 130 points.
The S&P is up 21.
The NASDAQ higher by 75.
Shares of trade desk sinking down more than 37%.
The software ad company got several downgrades, including a double downgrade from Bank of America.
Pinterest stock tumbling 10%.
the company's second quarter earnings missed analyst estimates.
Shares of Under Armour, tumbling 18% after the sportswear company reported weaker than expected results
for the company's fiscal first quarter and issued a downbeat second quarter forecast.
Casual footwear company Crocs slashing orders for the second half of the year
amid what its CEO called a concerning environment for the consumer.
Shares of Crocs up to 2% now but plunged nearly 30% Thursday after the company issued the stark warning
and posted a weaker than expected forecast.
It was the stock's worst day since 2011.
Jill Schneider, CNBC.
America's TopStates for Business.
Now on topstates.c.com.