Take-Two Stock Falls; Expedia Soars on Resilient Travel Demand

A video game maker’s stock came under pressure after a decision to delay a highly anticipated game’s launch, while solid growth in gross bookings helped shares of a travel firm push higher.

Major U.S. equities indexes finished Friday’s session mixed as the Michigan Consumer Sentiment Index declined to its lowest level since June 2022, suggesting that the U.S. government shutdown is negatively affecting people’s views of the economy. Tech stocks remained under pressure amid concerns about the elevated valuations of artificial intelligence plays.

The Dow added 0.2% and S&P 500 ticked 0.1% higher, while the tech-heavy Nasdaq dropped 0.2%. All three posted weekly losses, with the Nasdaq concluding its worst week since early April, when President Donald Trump’s “Liberation Day” tariffs rattled markets. See here for more from Investopedia on the day’s major market news.

Take-Two Interactive Software (TTWO) was the worst-performing stock in the S&P 500 Friday, as shares plunged 8% after the video game maker announced another delay in the release of its highly awaited title “Grand Theft Auto VI.” The latest postponement of the major release overshadowed Take Two’s stronger-than-expected earnings and an improved full-year outlook.

Shares of Block (XYZ) tumbled nearly 8% after the payments provider missed third-quarter sales and adjusted profit forecasts. While growth from the company’s Cash App platform underpinned year-over-year gains in gross profit, outpacing growth from the payments unit Square, the results reflected rising expenses, including an increase in general and administrative costs.

Tesla’s (TSLA) stock slipped close to 4%, a day after shareholders voted to approve a big pay package for CEO Elon Musk that could be worth $1 trillion if the company and its stock reach outlined performance goals. The plan, which represents the biggest CEO pay plan on record, passed with more than 75% of votes cast in favor.

The top daily performance in the S&P 500 belonged to shares of Expedia Group (EXPE), which soared over 17%. The online travel platform operator surpassed profit expectations for the third quarter on strong domestic demand. Expedia also lifted its guidance for annual revenue growth to a range of 6% to 7%, up from a previous forecast of 3% to 5%.

Akamai Technologies (AKAM) shares powered close to 15% higher after the cybersecurity and cloud computing firm reported better-than-expected earnings for the third quarter and boosted its outlook. Robust demand for its Guardicore security platform and cloud infrastructure services helped drive Akamai’s strong performance.

Solventum (SOLV), a health care company spun off from 3M (MMM) in 2024, also topped expectations with its quarterly sales and adjusted profit. The company noted a positive impact from portfolio optimization and divestitures, including the sale of its purification and filtration business, which closed in September. Solventum shares gained 8% Friday.