S&P 500 Gains and Losses Today

Here are the stocks in the S&P 500 that gained and lost the most today, and 澳洲幸运5开奖号码历史查询:the sto🐭ries behind the market movers.

Dow Falls More than 3ꦯ50 Points on Declining Consumer 🦋Sentiment

The 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average fell 366 points, or 1.1%, after the 澳洲幸运5开奖号码历史查询:latest consumer sentiment survey showed inflation expectations remain elevated, adding p🎶ressure on the Federal Reserve to keep interest rates high. 🦋

The index declined for the second straight week, with ꦍFriday’s losses pushing it down about 2.1% for the week. The Dow has declined around 9% since hitting its recent high on Aug. 1, putting it very close to a correction. 

Intel (INTC) was the index’s bright spot, with its shares gaining 9% after it beat earnings expectations and raised its fourth-quarter outlook, 澳洲幸运5开奖号码历史查询:forecasting rev✤enue will increase 8% and earnings will triple from last year.

Shares of Apple (AAPL) increased by 0.8% ahead of an e🤡vent scheduled for Monday in which the tech giant is expecte꧑d to unveil new MacBook Pros and iMacs featuring an updated M3 processor. 

Honeywell (HON) shares gained 0.5% after it beat profit estimates on an 1✤8% boost in its aerospace business in the third quarter.

Chevron (CVX) shares plummeted 6.7% as higher costs and lower oil prices led the oil giant to 澳洲幸运5开奖号码历史查询:report profits that came in below fore♕casts despite revenue topping estimates.

JPMorgan Chase (JPM) shares dove 3.6% after the bank disclosed 澳洲幸运5开奖号码历史查询:CEO Jamie Dimon’s intention to sell one million shares, the first time theꦆ long-time leader will offload company 🍸stock.

-Terry Lane

Co🎉lgate-Palmolive Earnings🐽 Point to Resilient Consumers

Colgate-Palmolive (😼) topped earnings estimates and raised its full-year outlook as shoppers continued to spend despite higher prices. 

The consumer goods company reported third-quarter earnings of $708 million, or 86 cents a share, above the 80 cents a share analysts were expecting. Net sales grew 10.5% to $4.9 billion despite organic sales volume declining. Higher prices made the difference, accounting for nearly all of the company’s revenue growth. 

Colgate-Palmolive is the latest company to benefit from resilient consumers, 澳洲幸运5开奖号码历史查询:who are continuing to spend freely despite higher prices and higher interest rates. Earlier in the week, Coca-Cola (KO) said 澳洲幸运5开奖号码历史查询:high🦋er prices boosted its top and bottom lines. And earlier this month, PepsiCo (PEP) said 澳洲幸运5开奖号码历史查询:declining unit vol𝔉ume in the third quarter was more than offset by price hikes.

Shares of Colgate-P🧔almolive jumped Friday morning before falling with the broader market to trade down about 1.7%♎ shortly before the close. 

Ford Shares T♌umble Amid Concerns About EV Slowdown and Higher Costs Following UAW Strike

Ford (F) shares tumbled over 11% in intraday trading Friday after the automaker's third-quarter earnings fell short of analysts’ expectations, as the company slows electric vehicle (EV) investments and the tentative United Auto Workers (UAW) deal threatens to increase future labor costs.

Ford earnings by the numbers

• Net income: $1.2 billion vs. $1.7 billion expected, according to analyst estimates compiled by Visible Alpha
• Adjusted earnings per share: $0.39 vs. $0.44 expected
• Revenue: $43.8 billion vs. $42.7 billion expected

澳洲幸运5开奖号码历史查询:Ford reached a tentative deal wi🅷th the UAW on Wednesday. Analysts expect the new contract to be ratified by the union, though they warned that it could increase future labor costs, with JPMorgan analysts estimating a $1.5 billion annual increase in costs.

In its earnings call, Ford noted that the company is “slowing down several investments” in its 澳洲幸运5开奖号码历史查询:electric vehicle (EV) transition, taking a market-based approach similar to GM.

The company also withdrew its full-year guidance, citing uncertainty caused by the strike. Earlier in the week, General Motors (GM) also 澳洲幸运5开奖号码历史查询:pulled its full-year guidance.

-Naomi Buchanan

ExxonMobil's Profit Plunges From 2022 Record on Lower Oil, Gas Price Realizations

ExxonMobil Corp.'s (XOM) third-quarter profit fell by more than hal🐠f of its record high last year on a decline in oil and gas price realizations.

The energy giant earned $9.07 billion in the period, a 54% drop from the same quarter in 2022. 澳洲幸运5开奖号码历史查询:Earnings per share (EPS) came in at $2.27, below analysts' forecasts. Revenue slid 19% to $90.76 billion.

ExxonMobil said that the profit slump was driven by a nearly 60% cut in natural gas price realization🅰s and a 14% decrease in oil price realizations.

However, refinery throughput rose to 4.2 million barrels a day, the most since Exxon merged with Mobil 24 years ago.

ExxonMobil shares declined more than 1.6% ဣꦑFriday afternoon, putting them down 4% year-to-date.

-Bill McColl

🍨Solar Stocks Sink on Enphase Energy’s Lackluster𒊎 Outlook

Enphase Energy (ENPH) was the worst-performing stock in the S&P 500 mi🐷dday Friday after the solar company issued curre🌼nt-quarter guidance that fell far short of analysts’ estimates. 

The company projected fourth-quarter sales in a range of $300 million to $350 million, well below the more than $500 million analysts expected. Third-quarter revenue of $551 million also came up short of expectations.

Enphase shares fell more than 15% to a three-year low on the tepid outlook. Shares of peers SolarEdge Technologies (SEDG) and First Solar (FSLR) fell 6% and 3%, respectively. 

Intel Shares Soar on Earnings Beat, Cost Cuts

Shares of Intel (INTC) jumped 10% Friday after the chipmaker reported better-than-expected third-quarter sales and earning💃s. 

Intel earnings by the numbers

• Net income: $1.7 billion vs. $1 billion expected, according to analyst estimates compiled by Visible Alpha
• Adjusted earnings per share: $0.41 vs. $0.22 expected
• Revenue: $14.2 billion vs. $13.5 billion expected

It’s Intel’s seventh consecutive quarter of declining revenue, but cost cuts helped offset slumping sales. The company’s operating expenses fell nearly $700 million year-over-year, as did its cost of sales, putting it on track to meet its goal of $3 billion in savings this year. 

Chevron Shares Sink on Earnings Miss

Shares of Chevron Corp. (CVX) sank 5% Friday after its third-quarter ear🦋nings missed analy🦂st estimates. reporting third-quarter adjusted net income of $5.7 billion, or $3.05 a share, falling short of analyst estimates. 

Chevron earnings by the numbers

• Net income: $5.7 billion vs. $6.9 billion expected, according to analyst estimates compiled by Visible Alpha.
• Adjusted earnings per share: $3.05 vs. $3.67 expected
• Revenue: $51.9 billion vs. $48.7 billion expected

Narrower margins weighed on profitability, especially in Chevron’s overseas refining business, where profit plummeted to $307 million from $1.2 billion in the same quarter last year.

The disappointing earnings come just days after the company 澳洲幸运5开奖号码历史查询:announced it would buy Hess Corp. (HES) for $53 billion, the second largest acquisition announced this year after competitor ExxonMobil’s (XOM) nearly $60 billion acquisition of Pioneer Natural Reso🥂urces (PXD). Hess shares followed Chevron’s lower Friday.

AWS Strength, Growing Ad Revenue Bolster Amazon's Q3 Results

Amazon (AMZN) outpaced analysts' forecasts for profit and revenue growth in the third quarter as Amazon Web Services (AWS) revenue climbed following a period of d🍃eceleration in recent quarters.

The company said overall revenue for the latest quarter was $143.1 billion, a 13% increase from the year-ago period. Net income for the quarter came in at $9.9 billion, or 94 cents per share, more than tripling on a year-over-year basis.

AWS, Amazon's highly lucrative cloud computing platform, is a prime driver of revenue for the company but has experienced slowing sales in recent quarters. Third-quarter AWS sales rose 12% to $23.1 billion, on par with analysts' expectations.

Notably, revenue at Amazon's nascent ads business totaled $12.1 billion, a 26% increase over the year-ago period, making it the company's fastest-growing business line.

Amazon shares, which had gained more than 42% year-to-date as of Thursday's close, jumped 8% Friday morning.

-Nathan Reiff

Stocks Making the Biggest Moves Premarket

DexCom Inc. (DXCM): Shares of the glucose monitoring system maker popped about 17% after its quarterly earnings beat Wall Street estimates by a wide margin and the company boosted its full-year revenue outlook. Shares of Insulet (PODD), which makes insulin infusion systems for people with diabetes, jumped 9%. The two stocks have been battered this year by fears that GLP-1 agonists like Ozempic and Wegovy will have long-term impact🌟s on the prevalence of diabetes. 

Intel Corp. (): Shares rose 7% after it 澳洲幸运5开奖号码历史查询ꦆ:reported a smaౠller-than-expected earnings decline in the third quarter, an outcome it attribute𝔉d to “operating leverage and expense discipline.”

Amazon.com Inc. (AMZN): Shares rose nearly 6% after it 澳洲幸♍运5开奖号码历史查询:reported a 13% increase in🍌 revenue last quarter, helping it beat Wall Street’s earn🔜ings e🅷stimates. 

Sanofi SA (SNY): Shares of the French pharmaceutical giant꧙ sank 16% after it said it expected earnings to fall next year as it invests in research and development and seeks to spin off its consumer care unit.

Ford Motor Co. (F): Shares slipped almost 3% after the carmaker’s third-quarter earnings fell short of analyst estimates and it withdrew its full-year guidance, citing 澳洲幸运5开奖号码历史查询:a tentative deal recently reached with the st🌌riking United Auto Workers u⛦nion. 

Chevron Corp. (CVX): Shares of the oil company fell more than 2% after its third-quarter earnings missed estimates as narrower margins and lower commodity prices weighed on revenue and profit.

September PCE Inflation In Line With Expectations

There were few surprises in September's 澳洲幸运5开奖号码历史查询:personal consumption expenditures data, a welcome sign to markets.

The PCE price index rose 0.4% last month, in line with expectations. The core price index, which excludes volatile food and energy prices, ticked up 0.3%, an expected acceleration from August's 0.1% increase.

Personal spending grew 0.7%, outpacing inflation and topping economists' estimates. The sharp increase in spending reinforces earlier data su🌺ggesting co𒐪nsumers are continuing to spend at dizzying rates, defying ec🦩onomists' and the Fed's expectations that higher rates would slow consumption.

Futures Mixed Ahead of Inflation Data

Futures contracts connected to the Dow Jones Industrial Average were almost 0.2% lower in premarke♕t trading.

S&P 500 futures were up 0.2%.

Nasdaq 100 futures gained 0.6% as tech rꦗebounded slightly f🌼rom its two-day rout.