Reddit ($RDDT) shares dropped approximately 23% following its quarterly earnings release, amid prolonged bearish sentiment on the platform.

Meanwhile, Amazon ($AMZN) saw gains after its report, with analysts highlighting potential for further upside.

On the IPO front, Westinghouse filed confidentially for a US IPO. The nuclear technology leader is backed by Brookfield and Cameco.

Clear Street announced the launch of pre-IPO access to Databricks (valued at $188B) and up to 30 other late-stage companies.

Additionally, eWhispers shared the full week of Aug 3 earnings calendar, including pre-market names like SRAD, MAR, and TSN.

X chatter around earnings and IPOs was relatively light today, focusing mainly on mega-cap moves like Amazon and Reddit.

Why It Matters

The data highlights the impact of earnings on tech and consumer stocks, alongside early progress on private listings in nuclear and AI-related sectors.

Bottom Line

The session showed volatility around existing reports, with initial signs of new listings in strategic areas. Markets await additional reports next week.