Oct. 24 at 7:51 PM
Stocks gained Friday as U.S. inflation data came in softer than expected, boosting hopes for more Fed rate cuts. Among notable movers:
Intel slipped after posting Q3 adjusted EPS of
$0.23 on revenue of
$13.7B, beating forecasts but giving mixed Q4 guidance. CFO David Zinsner said PC demand has been stronger than expected as firms upgrade to new Windows versions.
AMD rose 6.3%, benefiting from signs of a PC market rebound.
Ford surged 13% after reporting a Q3 operating profit of
$2.6B on record
$50.5B in sales. The automaker guided for 2025 profit of
$6B–
$6.5B and plans to expand F-series output by 50,000 trucks.
Deckers Outdoor plunged 13% despite beating estimates, as its fiscal-year outlook missed expectations.
Newmont fell 4% even after beating earnings and revenue estimates, with investors taking profits after a gold rally.
Nextracker jumped 8% on strong Q2 results, raised guidance, and a new Saudi joint venture.
$INTC $AMD $F $PG $SPX