Shopify Inc. shares surged as much as 20% in early New York trading after the e-commerce software provider reported second-quarter revenue of roughly $2.7 billion, a 31% jump that topped analyst estimates. Adjusted earnings came in at 35 cents a share versus the 29-cent consensus, while gross merchandise volume climbed 31% to $87.8 billion, driven by a 140% increase through its Shop app and a doubling of business-to-business transactions. Executives forecast mid-to-high-twenties percentage revenue growth this quarter and said a tariff drag they had budgeted for "did not materialize." The rally briefly lifted the Ottawa-based company past Royal Bank of Canada to become the country’s most valuable listed firm. McDonald’s Corp. also beat expectations, reporting a 3.8% rise in global comparable sales and adjusted earnings of about $3.19 a share. Pop-culture meal tie-ins and a $5 value bundle helped revive traffic, though management cautioned that low-income U.S. consumers continue to trade down or skip visits. The burger chain expects its U.S. performance in the fourth quarter to top the third as it works with franchisees on menu pricing. The stock advanced roughly 3% before the opening bell. By contrast, Snap Inc. tumbled more than 20% after posting an unexpected loss, and Advanced Micro Devices fell 7% on fresh uncertainty over AI-chip sales in China. Server-maker Super Micro Computer slid 17% on disappointing results. Despite the mixed corporate news, futures pointed to a modestly firmer session, with the Dow Jones Industrial Average up 0.3% and the S&P 500 ahead 0.2% as investors weighed robust earnings from consumer names against lingering tariff and macroeconomic concerns.