Nov 6, 2026 · 8 min
Airbnb and Moderna rally as DraftKings absorbs a sharper reset
Closing Bell: Airbnb, Moderna Jump; DraftKings Plunges
The market’s winners reflect improving growth and product prospects, while the losers expose pressure from spending, settlements, and weaker margins.
- 1Airbnb pairs stronger growth guidance with a newly authorized $12 billion buyback.
- 2Moderna returns to quarterly profitability while advancing ambitions for cancer treatments.
- 3DraftKings, Lyft, and Under Armour fall as spending, settlements, and margin pressure weigh on outlooks.
Don't miss
The episode’s sharpest contrast is DraftKings falling on a weaker outlook and increased prediction-market spending while Airbnb gains on growth and buybacks.
The brief
Airbnb leads the gainers after stronger revenue growth, improved guidance, and a new $12 billion buyback authorization signal confidence in its outlook.
Moderna also rises as it returns to quarterly profitability, improves guidance, and points toward cancer treatments beyond its COVID vaccine business.
The losers tell a harsher story: DraftKings faces a weaker earnings outlook and higher prediction-market spending, while Lyft absorbs a settlement-related loss.
Under Armour cuts its gross-margin outlook and forecasts more operating losses, underscoring how quickly market confidence can turn when profitability slips.
Treasury yields rise for the day as bond prices fall, but yields across the curve remain lower for a sixth straight week.
The Bloomberg Tech Minute shifts from markets to the peptide gray market, warning about unapproved products and medical guidance sourced from social media or AI.
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