Weekly active user growth, revenue growth, and adjusted EBITDA margin growth all accelerated in the second quarter. After a few years of unimpressive performance, Nextdoor is projecting 11% year-over-year revenue growth for 2024, as well as an adjusted EBITDA loss that is less than half of 2023's.

U.S. stocks shot higher on Wednesday after the Federal Reserve cut interest rates by 50 basis points, the high side of estimates for its first cut in more than four years. Citing a "greater confidence" that inflation is moving towards the central bank's 2% target,

Investors favor blue-chip stocks for security, consistent growth opportunities, and market resilience. Thus, fundamentally sound blue-chip stocks Apple (AAPL), Amazon.com (AMZN), and Alphabet (GOOGL) could be attractive buys for steady returns amid uncertainties.