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.
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.
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.
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