U.S. job openings declined modestly in June, according to the Labor Department, reflecting a small drop to 7.4 million from May’s 7.5 million, but the figures continue to suggest relative stability in the labor market despite a weaker-than-expected payroll report for the month.
In corporate news, Advanced Micro Devices (AMD) experienced an after-hours stock decline exceeding 8% despite reporting record quarterly sales. The drop followed comments from SpaceX CEO Elon Musk, who stated that his company would cease purchasing AMD chips.
Shares of Novo Nordisk also fell sharply, dropping about 6% in U.S. trading. The decline came after the pharmaceutical company reported lower-than-expected sales for its weight-loss drug Wegovy and revealed disappointing results from a study on a next-generation obesity treatment.
Meanwhile, Amazon founder Jeff Bezos announced plans to sell 15 million shares of Amazon stock, valued at approximately $4 billion, under a prearranged trading plan. Amazon shares declined roughly 2% following the news.
Mattel, the manufacturer behind the Barbie brand, exceeded second-quarter sales estimates and maintained its full-year earnings guidance. However, the company reported a quarterly loss attributed to increased costs stemming from tariffs.
These developments underscore ongoing challenges and shifts within key sectors, influenced by market dynamics, supply agreements, and trade-related expenses.
