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Stock Movers: Amazon Falls, Wendy's Ticks Up, Duolingo Rises on AI-Driven Growth
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May 2, 2025
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3:30Now PlayingGet more equity coverage like this on the Stock Movers podcast from Bloomberg, featuring five-minute episodes on the winners and losers in the stock market.
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On this episode of Stock Movers:
• Amazon (AMZN) shares fell after the company said it’s bracing for a tougher business climate in the coming months, echoing concerns from a range of companies that tariffs and related economic turmoil could crimp consumer spending.
• Wendy's (WEN) shares ticked higher despite the company lowering its sales outlook for this year, the latest restaurant chain to take a hit from consumer unease about shaky economic conditions in the US. Global systemwide sales are set to decline as much as 2%, while the company had forecast in March an increase as large as 3%.
• Duolingo (DUOL) shares rose after the company raised its full-year sales and profit outlook as artificial intelligence offerings drove users to its higher-priced subscriptions. Sales will be $987 million to $996 million this year, the company said in a letter to shareholders, up from its previous view of at most $978.5 million and ahead of analysts’ projections for $973.2 million.
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