Stock Market Update

[BRIEFING.COM] The major averages continue to trade mostly higher, little changed from previous levels.

Reddit (RDDT 168.55, +21.32, +14.48%) is sharply higher after delivering a strong Q1, with results comfortably surpassing expectations on both the top and bottom line, driven by robust advertising demand, accelerating monetization, and growing relevance in the AI ecosystem, sending the stock sharply higher following the release. The company also issued better-than-expected Q2 revenue guidance, reinforcing confidence in sustained growth momentum supported by improving ad performance, user engagement, and AI-driven tailwinds.