Roblox Tumbles in Spectacular Fashion

• Dow pops for 7th day running

• Roblox cuts forecast, shares tumble

• Airbnb projects weaker Q2 revenue

• SolarEdge posts Q1 loss, revenue drops

DJ30 0.05%

The Dow Jones Industrial Average surged over 300 points, securing its seventh consecutive winning day, buoyed by optimistic jobless claims data hinting at potential Federal Reserve rate cuts later this year.

RBLX -22.06%

Roblox's stock plummeted after cutting its yearly bookings forecast due to decreased user engagement. The company now expects annual bookings between $4 billion and $4.10 billion, lower than the earlier $4.14 billion to $4.28 billion range.

SEDG -8.48%

SolarEdge's shares fell after a Q1 loss of $1.90 per share, exceeding the expected $1.55 loss. While its $204 million revenue surpassed forecasts, it significantly dropped from last year's nearly $1 billion.

ABNB -6.87%

Airbnb's stock fell 6.9% after projecting weaker Q2 revenue of $2.68 billion to $2.74 billion, below the expected $2.74 billion. Despite this, the company exceeded Q1 revenue and earnings estimates.