S&P 500 ends the week with record closing high

What's up? Stocks up.

Your Evening Briefing October 24, 2025 S&P 500 ends the week with record closing high A softer-than-expected CPI inflation report for September sent stocks off to the races on Friday, with the S&P 500 setting fresh intraday and closing record highs. The benchmark US stock index closed up 0.8%, the Nasdaq 100 gained 1%, and the Russell 2000 advanced about 1.2%. Stocks that moved higher: Google rose on the official announcement of a deal with Anthropic worth "tens of billions." Grindr soared after it disclosed a take-private proposal that would value the company at $18 per share. Data center and AI energy stocks such as IREN, Cipher Mining, Oklo, Bloom Energy, Constellation Energy, Talen Energy, and Vistra were energized by reports that the Trump administration is pushing for data centers to access power faster. Opendoor Technologies surged on bullish options bets as traders heard unconfirmed rumors of potential real estate tokenization ahead. Stocks that moved lower: Ugg-maker Deckers had an ugly day as its cautious full-year outlook compounded its miserable year, sending shares lower. A bad news twofer drove Alaska Airlines lower after Q3 profit missed expectations and an IT outage grounded its flights across the US Beyond Meat reported preliminary Q3 sales ahead of Wall Street's expectations, which initially excited investors... but then the stock completely reversed course to finish down double-digits. — Luke Kawa, Markets Editor & Toby Bochan, Managing Editor Almost a quarter of American employees haven't taken a single vacation day in the past year, survey finds With summer now well and truly over, some of us might be starting to feel like it's been ages since we were on vacation. For a considerable share of Americans, though, it really has been a while. Read more. Hasbro's Wizards just worked their magic on earnings The Dungeons & Dragons maker raised its outlook after a 42% surge in tabletop and digital gaming sales. Read more. TODAY'S BIG MOVE (Oliver Ber/Getty Images) Ford rallies to 52-week high. Wall Street is optimistic about its EV reset and aluminum plant recovery plan sending shares to their highest level since July 2024 on Friday morning. Read more. Softer inflation means higher conviction in Fed easing, per prediction markets Odds of three cuts in 2025 rose to as high as 85% in prediction markets. Stocks liked the print too, with SPY rising immediately after the news. Wall Street analysts see some issues with Intel's earnings Even with the US government as a partial owner, Intel's turnaround has a long way to go. After Tesla earnings, prediction markets think unsupervised FSD is less likely than ever to be rolled out this year Musk said Tesla now has "clarity" on unsupervised FSD. Banks prepare record $38 billion debt financing to fund Oracle-tied data centers The projects will support Oracle's $500 billion Stargate infrastructure push with OpenAI and Nvidia. Was this email forwarded to you? Don't miss out on future stories — subscribe to The Wrap and get your daily dose of financial news straight to your inbox.  Craving more insights in your inbox? Subscribe to Chartr and Snacks for quality reads. We care what you think! If you have any feedback or comments, feel free to reply and let us know your thoughts!  Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more Sherwood Terms and Conditions Our Editorial Standards Contact Us Advertise With Us Unsubscribe Privacy Policy SHERWOOD MEDIA, LLC, 85 Willow Road, Menlo Park, CA 94025