Stocks eke out a gain as inflation remains mild |
The S&P 500 and Nasdaq 100 rose again, while the Russell 2000 retreated after notching a new record close yesterday. The S&P 500, Nasdaq 100, and Russell 2000 all posted weekly gains. The S&P 500 came within striking distance of its all-time highest close this morning before losing steam. It's been a great run for the benchmark index, which has risen nine out of the last 10 trading sessions. A reading of September PCE, the Fed's preferred inflation gauge, was in line with expectations, maintaining investors' hope of a rate cut at the Fed meeting next week. Stocks that moved higher: |
- Warner Bros. Discovery rose on the announcement that Netflix will acquire its studio and streaming businesses in a deal worth $82.7 billion, or $27.75 per share.
- Shares of Micron, the high-bandwidth memory specialist, hard disk drive sellers Seagate Technology Holdings and Western Digital, and flash memory company Sandisk all gained ground after last month's declines.
- Ulta Beauty climbed after a Q3 earnings beat sparked a flurry of price-target hikes.
- Despite cutting its full-year guidance due to the government shutdown and rising fuel costs, Southwest Airlines rose.
- Victoria's Secret soared on a Q3 sales beat and higher full-year guidance.
- According to The Information, Microsoft is in talks to shift its custom chip business to Broadcom from Marvell Technology. Marvell briefly dipped into the red after this report hit the wires, but pared that drop to trade modestly higher.
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What would you, as a viewer, rather watch: Every new piece of content that's appeared on Netflix since the pandemic started, or all the original series ever produced by HBO as well as the 100-year-plus portfolio of Warner Bros. films? Read more. |
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- Report: SpaceX planning for IPO late next year
The company is discussing plans for a share sale that would value the company at $800 billion, and is aiming for an IPO in late 2026, according to The Information. - What prediction markets think will happen with Apple's CEO
People inside the company say executive changes are coming, The Information reports. - Charlie Kirk's Wikipedia page was the top English-language article on the site in 2025
US political figures, films, and fatalities, like most other years, all make the list.
- How much could Netflix charge if a subscription included HBO Max?
Here's what streaming companies, many of which offer streaming bundles, charge now. - Apple poaches Meta's chief legal officer
The high-profile poach comes just days after Meta hired away Apple's user interface design chief.
- The Netflix-Warner Bros. deal now faces a wall of opposition
Netflix will owe Warner Bros. $5.8 billion in cash if the deal is terminated on antitrust grounds. - Meta reignites on-again, off-again relationship with news organizations with multiple AI content licensing deals
The multiyear deals will compensate publishers for access to their content.
- The New York Times, Chicago Tribune sue Perplexity
The AI search engine startup is also facing a copyright lawsuit from Dow Jones, publisher of The Wall Street Journal and The New York Post.
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