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Wall Street opened on a positive note Friday, with the S&P 500 hitting a record intraday high after September’s consumer price index came in slightly cooler than expected. The long-delayed report, postponed by the ongoing U.S. government shutdown, showed CPI rising 0.3% month-over-month-below both the 0.4% consensus and August’s 0.4% increase. Investor sentiment was further lifted by strong results from Intel, whose shares jumped 5.7% in early trading after the chipmaker posted third-quarter earnings and guidance that beat expectations. The upbeat open followed Thursday’s gains, when markets rallied as investors digested Tesla’s results and news that President Donald Trump will meet with President Xi next Thursday.
Amid a U.S. government shutdown, investors will keep a close eye on economic reports that will be released next week; however, government numbers are in doubt as the shutdown continues. The economic reports that are expected to be announced next week include reports on Core Durable Goods Orders, Dallas Fed Mfg Business Index, and Atlanta Fed GDP, with reports on Redbook and Richmond Manufacturing Index releasing on Tuesday. Wednesday will see the release of MBA Mortgage Applications, Pending Home Sales, and the FOMC Interest Rate Statement, with Core PCE Prices releasing on Thursday. Employment Benefits and Personal Spending are the main reports scheduled to be announced on Friday.
Apple (AAPL), Amazon.com (AMZN), Eli Lilly (LLY), Microsoft (MSFT), Alphabet (GOOG), Meta Platforms (META), Caterpillar (CAT), ServiceNow (NOW), Boeing (BA), Exxon Mobil (
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