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The Morning News Call newsletter: here Wall Street’s main indexes rose toward record highs on Thursday after President Donald Trump dialed back his threat of tariffs on European countries, while a new batch of economic data underscored a resilient U.S. economy. (.N) At 13:30 EST, the Dow Jones Industrial Average (.DJI) was up 0.85% at 49,497.64. The S&amp;P 500 (.SPX) was up 0.76% at 6,927.87, and the Nasdaq Composite (.IXIC) was up 1.11% at 23,481.39.
The top three S&amp;P 500 (.PG.INX) percentage gainers: Arista Networks Inc (ANET.N) , up 9.0% Datadog Inc (DDOG.OQ) , up 7.2% Moderna Inc (MRNA.OQ) , up 6.5%
The top three S&amp;P 500 (.PL.INX) percentage losers: Abbott Laboratories (ABT.N) , down 9.1% McCormick &amp; Company Inc (MKC.N) , down 8.5% General Electric Co (GE.N) , down 5.6%
The top three NYSE (.PG.N) percentage gainers: Redwire Corp (RDW.N) , up 17.4% Orion Group Holdings Inc (ORN.N) , up 14.9% Auna SA (AUNA.N) , up 14.8%
The top three NYSE (.PL.N) percentage losers: Inspire Medical Systems Inc (INSP.N) , down 12.7% Old Republic International Corp (ORI.N) , down 10.0% Abbott Laboratories (ABT.N) , down 9.1%
The top three Nasdaq (.PG.O) percentage gainers: 60 Degrees Pharmaceuticals Inc (SXTP.OQ) , up 145.0% IO Biotech Inc (IOBT.OQ) , up 130.4% Namib Minerals (NAMM.OQ) , up 82.7%
The top three Nasdaq (.PL.O) percentage losers: C3is Inc (CISS.OQ) , down 40.1% Mingteng International Corp Inc (MTEN.OQ) , down 28.5% MKDWELL Tech Inc (MKDW.OQ) , down 25.3% Baidu Inc (BIDU.O) : BUZZ - Hong Kong shares hit near 3-year high on official release of ERNIE 5.0 Venture Global Inc (VG.N) : BUZZ - Rises after arbitration win against Spain’s Repsol
Alibaba Group Holding Ltd (BABA.N) : BUZZ - U.S. shares rise after report of plan for chipmaking unit IPO Procter &amp; Gamble Co (PG.N) : BUZZ - Reverses course to rise after Q2 profit beat Elanco Animal Health Inc (ELAN.N) : BUZZ - Shares rise after Piper Sandler upgrades to ‘overweight’
Caleres Inc (CAL.N) : BUZZ - Down after company warns of choppy Q4 earnings, names interim CFO Micron Technology Inc (MU.O) : BUZZ - Rises; William Blair initiates with ‘outperform’
Rambus Inc (RMBS.O) : BUZZ - Jumps after William Blair initiates with ‘outperform’
Greenwich LifeSciences Inc (GLSI.O) : BUZZ - Surges as FDA clears supplies for breast cancer trial
Cognizant Technology Solutions Corp (CTSH.O) : BUZZ - Berenberg initiates Cognizant with ‘buy’ on AI investments General Electric Co (GE.N) : BUZZ - Rises on upbeat annual profit forecast Corvus Pharmaceuticals Inc (CRVS.O) : BUZZ - Extends gains after boosted $175 mln equity raise
Janux Therapeutics Inc (JANX.O) : BUZZ - Shares rise on global cancer drug deal with Bristol Myers
Abbott Laboratories Inc (ABT.N) : BUZZ - Falls after Q4 revenue misses estimates, downbeat Q1 profit forecast WhiteFiber Inc (WYFI.O) : BUZZ - Slides after increased $210 mln convertible bond offering
Medicus Pharma Ltd (MDCX.O) : BUZZ - Gains after cutting royalty payment to Teverelix
Lam Research Corp (LRCX.O) : BUZZ - Citigroup hikes Lam Research PT; shares rise
Huntington Bancshares (HBAN.O) : BUZZ - Drops after Q4 income declines Kinder Morgan Inc (KMI.N) : BUZZ - Gains after Q4 profit beat Life Time Group Holdings Inc (LTH.N) : BUZZ - Rises as preliminary Q4 profit beats estimates
Applied Digital Corp (APLD.O) : BUZZ - Gains after breaking ground on ‘Delta Forge 1’ AI campus
Corcept Therapeutics Inc (CORT.O) : BUZZ - Rises after ovarian cancer drug cuts risk of death in late-stage trial BioAge Labs Inc (BIOA.O) : BUZZ - Edges down after stock sale hiked to $115 mln
Freeport-McMoRan Inc (FCX.N) : BUZZ - Falls on lower Q4 copper, gold production Autodesk Inc (ADSK.O) : BUZZ - Climbs after announcing about 1,000 job cuts
Teledyne Technologies Inc (TDY.N) : BUZZ - Stifel raises Teledyne PT; shares rise Alphabet Inc (GOOGL.O) : BUZZ - Raymond James upgrades Alphabet to ‘strong buy’, lifts PT; shares rise Winmark Corp (WINA.O) : BUZZ - Jumps on S&amp;P SmallCap addition, to replace Guess
PSQ Holdings Inc (PSQH.N) : BUZZ - Jumps after announcing partnership with Trump Presidential Library Old Republic International Corp (ORI.N) : BUZZ - Plunges after Q4 results
Rio Tinto PLC (RIO.N) :
BHP Group Ltd (BHP.N) :
Southern Copper Corp (SCCO.N) :
Freeport-McMoRan Inc (FCX.N) :
BUZZ - Copper miners fall on lower price of red metal
Netflix Inc (NFLX.O) : BUZZ - Dips after Paramount Skydance extends deadline on Warner Bros bid McCormick &amp; Company Inc (MKC.N) : BUZZ - Dips after annual profit forecast misses estimates
NextDecade Corp (NEXT.O) :
New Fortress Energy Inc (NFE.O) :
Venture Global Inc (VG.N) :
United States Natural Gas Fund LP (UNG.N) :
BUZZ - US natgas stocks gain as cold weather boosts heating demand Albertsons Companies Inc (ACI.N) : BUZZ - Plans $1.1 billion senior notes offering, shares down
Datadog Inc (DDOG.O) : BUZZ - Gains as Stifel raises to ‘buy’ on steady AI-related demand BitGo Holdings Inc (BTGO.N) : BUZZ - Poised to open above offer price in NYSE debut
Commerce Bancshares Inc (CBSH.O) : BUZZ - Up after Q4 results beat Capri Holdings Ltd (CPRI.N) : BUZZ - Up after TD Cowen upgrades to ‘buy’ Tesla Inc (TSLA.O) : BUZZ - Up after Musk says Europe, China could approve FSD system next month Rigetti Computing Inc (RGTI.O) : BUZZ - Rises after B Riley turns bullish ACM Research Inc (ACMR.O) : BUZZ - Narrows revenue guidance; shares fall Paramount Skydance Corp (PSKY.O) : BUZZ - Rises after extending deadline on hostile Warner Bros Discovery bid TriCo Bancshares (TCBK.O) : BUZZ - Up after Q4 results beat JPMorgan Chase &amp; Co (JPM.N) : BUZZ - Pares morning gains after Trump files lawsuit on allegations of debanking
Newmont Corp (NEM.N) :
Gold Fields Ltd (GFI.N) :
Harmony Gold Mining Co Ltd (HMY.N) :
Sibanye Stillwater Ltd (SBSW.N) :
BUZZ - Rise as gold prices hit $4,900/ounce for the first time Intel Corp (INTC.O) : BUZZ - Little changed with earnings on tap
Index RIC Index name Percent
change %
(.SPX) S&amp;P 500 0.76
(.SPLRCT) S&amp;P 500 0.97
Information
Technology
(.SPLRCU) S&amp;P 500 0.07
Utilities
(.SPLRCD) S&amp;P 500 1.35
Consumer
Discretionar
y
(.SPLRCM) S&amp;P 500 1.01
Materials
(.SPLRCI) S&amp;P 500 -0.2
Industrials
(.SPLRCL) S&amp;P 500 1.66
Communicatio
n Services
(Sector)
(.SPSY) S&amp;P 500 0.75
Financials
(.SPLRCR) S&amp;P 500 Real -0.31
Estate
(.SPXHC) S&amp;P 500 0.28
Health Care
(.SPLRCS) S&amp;P 500 -0.09
Consumer
Staples
(.SPNY) S&amp;P 500 0.01
Energy

On October 26th, after the U.S. stock market closed, chip giant Intel released its Q3 2023 financial report. The report showed that Intel's total revenue in the third quarter fell 8% year-on-year to $14.16 billion, marking the seventh consecutive quarter of declining sales, although it was still higher than the market expectation of $13.53 billion. In the second quarter, revenue had previously dropped 15% year-on-year, and the company expects revenue to return to growth in the fourth quarter. However, the sales of the Network and Edge Group (NEX), which includes IoT and other segments, fell 32% year-on-year to $1.5 billion. More importantly, the server chip division, named "Data Center and Artificial Intelligence," has yet to recover growth, with third-quarter revenue declining 10% year-on-year to $3.8 billion. Facing multiple competitive pressures, do you think Intel can turn the tide in the AI era?

On October 26th, after the U.S. stock market closed, chip giant Intel released its Q3 2023 financial report. The report showed that Intel's total revenue in the third quarter fell 8% year-on-year to $14.16 billion, marking the seventh consecutive quarter of declining sales, although it was still higher than the market expectation of $13.53 billion. In the second quarter, revenue had previously dropped 15% year-on-year, and the company expects revenue to return to growth in the fourth quarter. However, the sales of the Network and Edge Group (NEX), which includes IoT and other segments, fell 32% year-on-year to $1.5 billion. More importantly, the server chip division, named "Data Center and Artificial Intelligence," has yet to recover growth, with third-quarter revenue declining 10% year-on-year to $3.8 billion. Facing multiple competitive pressures, do you think Intel can turn the tide in the AI era?

In the AI era, can Intel win a comeback?

U.S. stocks rose towards record highs as President Trump eased tariff threats on Europe, with the Dow up 0.85%, S&P 500 up 0.76%, and Nasdaq up 1.11%. Top gainers included Arista Networks (+9.0%) and Datadog (+7.2%), while Abbott Laboratories fell 9.1%. Notable movements included Redwire Corp (+17.4%) and 60 Degrees Pharmaceuticals (+145.0%). Economic data indicated a resilient U.S. economy, contributing to the market's positive momentum.

- Wall Street's main indexes rose as President Trump eased tariff threats on Europe, with the Dow up 0.85%, S&P 500 up 0.76%, and Nasdaq up 1.11%.  
- The top S&P 500 gainers included Arista Networks up 9.0% and the biggest losers were Abbott Laboratories down 9.1%.  
- Economic data highlighted a resilient U.S. economy, and notable stock movements occurred in various sectors, including a significant rise for 60 Degrees Pharmaceuticals at 145.0%.

BUZZ-U.S. STOCKS ON THE MOVE-Tesla, JPMorgan, Intel