Stock market today: Live updates

Opendoor shares tanked 19% in morning trading Wednesday after the real estate startup issued a disappointing outlook.

In the current quarter, Opendoor is projecting just $800 million to $875 million in revenue, which would represent a decline of at least 36% from a year earlier. The company said it expects to face a challenging macro environment for the rest of the year and that it’s reducing marketing spending.

Opendoor recently gained a legion of retail fans who encouraged each other to push up the stock on social media platforms, especially Reddit’s WallStreetBets forum. Before Wednesday’s slump, the stock was up more than 300% in the past month.

CEO Carrie Wheeler acknowledged the retail fandom on the earnings call, thanking their enthusiasm.

“This increased visibility is an opportunity to tell our story to a broader audience,” Wheeler said. “We intend to make the most of it.”

— Yun Li

A White House official told CNBC that the  is going to boost its investment in domestic manufacturing by $100 billion. That brings its total U.S. investment to $600 billion. The investment will be formally announced at an event in the White House with Apple CEO Tim Cook and President Donald Trump.

Apple shares ticked 3% higher.

Stocks began Wednesday’s trading session in positive territory.

The S&P 500 rose 0.2% just after 9:30 a.m. ET, while the Nasdaq Composite climbed 0.3%. The Dow Jones Industrial Average also climbed 79 points, or 0.2%.

— Sean Conlon

Check out some of the companies making headlines in premarket trading:

• McDonald’s — Shares of the fast food giant gained more than 4% after second-quarter results surpassed analyst estimates. McDonald’s earned $3.19 per share after adjustments on revenue of $6.84 billion. Analysts polled by LSEG were looking for a profit of $3.15 per share and revenue of $6.7 billion.
• Walt Disney — The media and entertainment giant slipped more than 1% on the back of mixed quarterly results.  Revenue for its fiscal third quarter came in at $23.65 billion, short of the $23.73 billion estimate from LSEG. Adjusted earnings were  $1.61 per share, topping the $1.47 consensus estimate.
• Snap — Stock in the social media platform pulled back nearly 18% after second-quarter revenue missed analyst estimates. The firm reported revenue of $1.34 billion, while analysts polled by LSEG were looking for $1.35 billion.

Read the full story here.

— Brian Evans

U.S. shares of Shopify soared more than 14% in premarket trading Wednesday after the company reported better-than-expected revenue for the second quarter and provided strong third-quarter guidance.

The Canada-based global commerce company’s second-quarter revenue came in at $2.68 billion, above the $2.55 billion that analysts polled by FactSet were expecting.

For the third quarter, the company said it’s expecting its revenue to rise at a mid-to-high twenties percentage rate year over year, while analysts had penciled in 21.7% growth, per FactSet.

Shares of McDonald’s rose more than 3% in the premarket on Wednesday after the fast-food restaurant topped analyst expectations for the second quarter.

The chain posted adjusted earnings of $3.19 per share on revenue of $6.84 billion for the period. Analysts surveyed by LSEG had expected $3.15 per share and $6.70 billion in revenue.

The stock’s premarket move comes as shares have lagged the S&P 500 in 2025, rising around 3% versus the broader market index’s 7% gain.

— Sean Conlon

Uber Technologies fell about 1% after the ride-sharing giant reported mixed second-quarter figures.

The company earned 63 cents per share, matching an LSEG estimate. Revenue of $12.65 billion beat expectations, however. Uber also said it authorized a $20 billion share repurchase program.

— Fred Imbert

Disney shares were down more than 1% after the media giant reported mixed results for its fiscal third quarter.

The company earned an adjusted $1.61 per share, beating an LSEG estimate of $1.47 per share. Revenue, however, came in slightly below expectations at $23.65 billion.

Direct to consumer revenue rose 6% to $6.18 billion. However, sales for its traditional TV business shed 15% to $2.27 billion.

— Fred Imbert

AMD shares fell 6% after the chipmaker reported a weaker-than-expected profit for the second quarter.

The company earned an adjusted 48 cents per share, while analysts polled by LSEG expected a profit of 49 cents per share. Revenue of $7.69 billion did beat expectations, however.

“AI business revenue declined year over year as U.S. export restrictions effectively eliminated MI308 sales to China, and we began transitioning to our next generation,” CEO Lisa Su said during a call with analysts.

These are some of the stocks making notable moves after hours:

• Snap — The social media platform plunged 14% after missing revenue expectations for the second quarter. Snap said it recorded $1.34 billion, slightly under the consensus forecast of $1.35 billion from analysts polled by LSEG.
• Rivian Automotive — The electric vehicle company dropped more than 3% on the back of mixed second-quarter results. Adjusted losses for the period came in at 80 cents per share, compared to the LSEG consensus call for a loss of 65 cents per share. Revenue of $1.30 billion narrowly beat the $1.28 billion anticipated by the Street.
• Skyworks Solutions — The wireless network stock jumped 9% after providing earnings for the third fiscal quarter and current-quarter guidance that was better than expected. Skyworks reported adjusted earnings of $1.33 per share on $965 million in revenue for the third quarter. Analysts surveyed by LSEG had penciled in $1.22 per share and $941 million in revenue.

Click here for the full list.

— Alex Harring

Futures tied to the Dow, S&P 500 and Nasdaq 100 are all little changed shortly after 6 p.m. ET.

— Alex Harring