Stocks Soar To Records After Weak Inflation, Ford Jumps 10%: What's Moving Markets Friday?

Benzinga
2025.10.24 17:22
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Wall Street reached record highs on Friday, driven by a weaker-than-expected inflation report, which bolstered expectations for a Federal Reserve interest rate cut. The S&P 500 rose 1%, while the Dow and Nasdaq also set new records. Ford's stock surged 10% after reporting better-than-expected earnings. Inhibrx Biosciences saw a 90% jump following positive trial results. Gold prices remained steady, while oil prices increased due to geopolitical tensions. Major ETFs also experienced gains, with the Vanguard S&P 500 ETF rising 1%.