🚀 Market Frenzy: DoorDash, Fortinet, Eli Lilly Lead Today’s Wildest Stock Swings

Wall Street's casino is open for business—and these stocks are either printing money or burning it.

Delivery Wars Heat Up: DoorDash either just crushed earnings or faceplanted—nobody reads SEC filings anymore.

Cybersecurity Cash Grab: Fortinet's stock swings suggest hackers are now targeting trading algorithms instead of databases.

Big Pharma's Bonus Season: Eli Lilly moving like a meme stock because someone whispered 'weight loss drug' within earshot of a Bloomberg terminal.

Meanwhile, retail traders are YOLO-ing their rent money into whichever ticker has the prettiest candlestick pattern. As always, fundamentals are for boomers and compliance officers.

Key Takeaways

• U.S. equities were mixed at midday in response to more corporate earnings reports and the start of new U.S. tariffs.
• DoorDash shares traded at an all-time high as the food-delivery provider set quarterly records for several key financial metrics.
• Results from a late-stage study of Eli Lilly's experimental obesity pill disappointed.

U.S. equities were mixed at midday as the market continued to focus on earnings, and new U.S. tariffs kicked in. The Nasdaq was up, while the Dow Jones Industrial Average and S&P 500 fell. 

Paycom Software (PAYC) shares jumped when the payroll and human resources software provider beat profit and sales estimates and raised its guidance as its artificial intelligence products boosted demand.

Shares of DoorDash (DASH) traded at a record high after the food-delivery service also reported better-than-expected results as it set quarterly records for earnings, revenue, total orders, and marketplace gross order value. 

Duolingo (DUOL) shares took off when the language-learning platform easily exceeded earnings and revenue estimates and raised its outlook on user growth.

Fortinet (FTNT) was the worst-performing stock in the S&P 500 on several downgrades and price target cuts. The analysts raised concerns about the cybersecurity firm's potential growth.

Shares of Eli Lilly (LLY) slumped when the drugmaker reported disappointing results from a Phase 3 trial of its experimental weight-loss pill.

Ralph Lauren (RL) shares dropped when CEO Patrice Louvet warned tariffs WOULD impact the clothing maker's second-half results.

Oil futures slid. Gold prices gained. The yield on the 10-year Treasury note was little changed. The U.S. dollar advanced on the euro, lost ground to the pound, and was little changed against the yen. Most major cryptocurrencies traded higher. 

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