September inflation data came in cooler than expected, reinforcing bets that the Federal Reserve will press ahead with interest-rate cuts — and giving President Donald Trump a narrative win as he touted that his tariffs aren't fueling <a href="https://www.benzinga.com/markets/economic-data/25/10/48402508/september-inflation-cpi-report-federal-reserve-interest-rates-outlook">broad-based price increases.</a>



The headline Consumer Price Index rose 3% year-over-year, according to Friday's report from the Bureau of Labor Statistics –released after a nine-day delay due to the government shutdown. That was below the expected 3.1% and up slightly from 2.9% in August. 



On a monthly basis, prices increased 0.3%, slowing from the 0.4% pace in August. 



Core inflation, which strips out food and energy prices, also softened. It rose 3% year-over-year, down from 3.1% in August and below economists' forecasts for no change. 



Monthly core inflation increased 0.2%, a step down from both the previous and expected 0.3%.



<h2 class="wp-block-heading">Trump Claims Victory on Tariffs</h2>



Before the CPI data was released, Trump posted a message on Truth Social touting tariffs as a key driver of economic strength.



"The stock market is stronger than ever before because of tariffs. The United States is wealthy, powerful, and nationally secure again, all because of tariffs. The most important case ever is in the United States Supreme Court. God bless America," Trump wrote.



<h2 class="wp-block-heading">Markets Surge To New Highs On CPI </h2>



Wall Street jumped to fresh record highs Friday morning as investors embraced the cooler inflation report and welcomed news that Trump and Chinese President Xi Jinping are expected to meet next week.



Fed futures show a 25-basis-point rate cut at the Oct. 30 FOMC meeting is now fully priced in. Markets also assign a 94% probability of another cut in December, with a small 3% chance of a larger, 50-point move.



The S&amp;P 500 index – as tracked by the Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/VOO">VOO</a>) – opened 0.8% higher at 6,790 points, reaching a new all-time high. 



The Nasdaq 100 – tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/QQQ">QQQ</a>) – rose 1% to 25,350, also hitting a record.



<h2 class="wp-block-heading">10 Stocks Rallying After CPI Data</h2>



According to Benzinga Pro Movers, these were the top 10 S&amp;P 500 gainers – with at least $10 billion of market capitalization – in the hour following the CPI release:



<ul class="wp-block-list">
<li>Howmet Aerospace Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/HWM">HWM</a>) +2.01%</li>



<li>O'Reilly Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/ORLY">ORLY</a>) +1.75%</li>



<li>Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/HOOD">HOOD</a>) +1.71%</li>



<li>Barrick Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/GOLD">GOLD</a>) +1.57%</li>



<li>Agnico Eagle Mines Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/AEM">AEM</a>) +1.35%</li>



<li>Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MRVL">MRVL</a>) +1.33%</li>



<li>Monolithic Power Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MPWR">MPWR</a>) +1.30%</li>



<li>United Rentals Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/URI">URI</a>) +1.22%</li>



<li>Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/PLTR">PLTR</a>) +1.20%</li>



<li>Apollo Asset Management Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/APO">APO</a>) +1.17%</li>
</ul>



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/10/48390449/trump-tariffs-economic-impact-inflation-fed-interest-rates-banking">Trump Tariffs May Fuel Margin Squeeze, But Not Inflation, Economist Says</a></li>
</ul>



Image created using artificial intelligence via Midjourney.

Equities

Large Cap

Mid Cap

Broad U.S. Equity ETFs

Econ #s

Economics

Tech

ETFs

GOLD

HOOD

MPWR

MRVL

ORLY

PLTR

Inflation Landed Where Trump Wanted: These 10 Stocks Are Rallying

Price pressures edged up in September, but at a slower-than-expected pace, with key inflation metrics reinforcing the Federal Reserve's current rate-cut path and fueling investor optimism<a href="https://www.benzinga.com/markets"> on the stock market.</a>



The headline CPI rose 3% year-over-year, according to Friday&#8217;s report from the Bureau of Labor Statistics — released after a nine-day delay due to the government shutdown. 



While it marked the highest annual reading since January, the figure came in slightly below economists' expectations of 3.1%, and only a modest rise from August's 2.9%.



On a monthly basis, the CPI increased 0.3%, slowing from August's 0.4% gain and again falling short of the consensus forecast. 



The core CPI, which excludes volatile food and energy components, also surprised to the downside. Core inflation eased to 3% year-over-year, down from 3.1% in August and lower than the expected unchanged reading. 



<h2 class="wp-block-heading">What&#8217;s Behind September Inflation Numbers? </h2>



Gasoline prices were the biggest driver of the monthly increase. The energy index rose 1.5%, led by a 4.1% jump in gas prices. Food prices also edged up, with the overall food index climbing 0.2%, driven by a 0.3% increase in groceries and a 0.1% rise in restaurant meals. 



Still, the broader measure of inflation — the index for all items excluding food and energy — posted a more modest 0.2% increase, down from 0.3% in the previous two months. 



Within this core basket, prices for shelter, airfares, recreation, household furnishings and apparel rose modestly. 



Offsetting those gains, declines were recorded in used car prices, motor vehicle insurance and communication services, all of which helped tame overall inflation momentum.



<h2 class="wp-block-heading">Markets Rise As Fed Rate-Cut Outlook Holds</h2>



Traders who had been positioning for the Fed to stay on its easing path found validation in Friday's data. 



Prior to the report, futures markets were pricing in a near-certainty of a 25-basis-point rate cut at the Oct. 30 meeting, with a 90% probability of another cut in December. The September CPI print reinforced those expectations. 



U.S. equity futures rose sharply after the release, with contracts on the S&amp;P 500 gaining 0.7% and the Nasdaq 100 up 0.9%, putting both benchmarks on course to open at fresh all-time highs. 



Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/INTC">INTC</a>) was the top-performing S&amp;P 500 stock in the pre-market on Friday, up nearly 6%, following better-than-expected earnings.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/10/48390449/trump-tariffs-economic-impact-inflation-fed-interest-rates-banking">Trump Tariffs May Fuel Margin Squeeze, But Not Inflation, Economist Says</a></li>
</ul>



Image created using artificial intelligence via Midjourney.

Federal Reserve

INTC

Inflation Cools Enough To Bolster Fed Rate Cuts — And Markets Are Loving It

Amazon.com Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AMZN">AMZN</a>) cloud unit AWS has issued an apology and outlined an explanation for <a href="https://www.benzinga.com/markets/tech/25/10/48303171/amazon-web-services-outage-knocks-major-websites-offline-disney-reddit-mcdonalds-app-united-airlines-among-those-hit">the major outage</a> that affected over 1,000 websites and services on Monday. 



The outage affected a significant number of websites and services, including&nbsp;Snapchat&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SNAP">SNAP</a>),&nbsp;Disney+&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/DIS">DIS</a>), Reddit&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/RDDT">RDDT</a>), and&nbsp;Lloyds Bank&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/LYG">LYG</a>).



<h2 class="wp-block-heading">AWS Blames Rare Software Bug For Outage</h2>



In a detailed explanation on Thursday, AWS said the outage was a cascading failure triggered by a rare software bug in one of the company's most critical systems. The issue was centered in the Northern Virginia region, home to US-EAST-1, AWS&#8217;s largest cluster of data centers.



&#8220;We&nbsp;apologize for the impact this&nbsp;event caused our customers&#8230;We know this event impacted many customers in significant ways,&#8221; the company stated.



AWS said that a &#8220;faulty automation&#8221; in its internal systems — two independent programs that began racing each other to update records — erased key network entries for its DynamoDB database service, triggering a domino effect that temporarily broke many other AWS tools.



While platforms like&nbsp;Roblox (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/RBLX">RBLX</a>) and Fortnite were back&nbsp;online within a few hours, others like Lloyds Bank, U.S. payments app Venmo, and social media site Reddit experienced extended downtime.



&#8220;We will do everything we can to learn from this event and use it to improve our availability even further,&#8221; stated AWS. 



AWS also said it has turned off the flawed automation worldwide and will fix the bug before bringing it back online. 



See Also:&nbsp;<a href="https://benzinga.com/markets/tech/25/10/48345235/elizabeth-warren-warns-one-of-trumps-billionaire-buddies-wants-to-buy-warner-bros-warns-giant-compan" target="_blank" rel="noreferrer noopener">Elizabeth Warren Warns One Of Trump&#8217;s &#8216;Billionaire Buddies&#8217; Wants To Buy Warner Bros, Warns Giant Company Could Control &#8216;Everything&#8217; You Watch On TV</a>



<h2 class="wp-block-heading">Big Tech Power Concentration Sparks Concerns</h2>



This incident has sparked a conversation about the concentration of power in Big Tech and the potential risks of a single company&#8217;s infrastructure supporting a significant portion of the internet, and the need for alternatives.



Sen. Elizabeth Warren (D-Mass.) <a href="https://www.benzinga.com/markets/tech/25/10/48319150/elizabeth-warren-blasts-amazon-for-internet-meltdown-says-if-a-company-can-break-the-entire-internet-they-are-too-big">called for the breakup of Big Tech</a> following the incident. The outage raised concerns about the reliance on a single cloud provider and the potential risks associated with such a dependency.



Meanwhile, Elon Musk announced that X <a href="https://www.benzinga.com/markets/tech/25/10/48347354/elon-musk-says-x-messages-are-fully-encrypted-with-no-aws-dependencies-or-advertising-hooks">operates independently</a> of AWS and is fully encrypted.



<figure class="wp-block-image aligncenter size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="449" height="268" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24083216/image-639.png" alt="" class="wp-image-1130127" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24083216/image-639.png 449w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24083216/image-639-300x179.png 300w" sizes="(max-width: 449px) 100vw, 449px" /></a></figure>



Amazon holds a momentum rating of 65.94% and a growth rating of 92.76%, according to Benzinga's Proprietary Edge Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Check the detailed report here</a>.



READ NEXT:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/10/48359419/amazon-the-next-big-ai-winner-one-analyst-thinks-wall-street-is-wrong">Is Amazon The Next Big AI Winner? One Analyst Thinks Wall Street Is Wrong</a></li>
</ul>



Image via Shutterstock



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

News

Markets

AMZN

RBLX

RDDT

SNAP

Amazon's Cloud Unit Issues Apology, Explains How Rare Software Bug Triggered Global AWS Outage This Week

Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/SMCI">SMCI</a>) pared some of its Thursday losses after announcing it is <a href="https://www.benzinga.com/pressreleases/25/10/n48391956/supermicro-expands-its-portfolio-of-cloud-service-provider-solutions-with-new-6u-20-node-microblad" target="_blank" rel="noopener">expanding its server lineup</a> with the launch of its new MicroBlade multi-node solution, which incorporates Advanced Micro Devices, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AMD">AMD</a>) new EPYC 4005 series processors.



The artificial intelligence server company said it designed the new system to provide a powerful, efficient, and affordable IT solution for cloud service providers and businesses looking to modernize their data centers. Supermicro highlighted the system&#8217;s extreme density, noting that a single 48U rack can house up to 160 individual servers and 16 Ethernet switches.



Also Read: <a target="_blank" href="https://www.benzinga.com/markets/tech/25/10/48052486/super-micro-stock-soars-after-amds-big-ai-deal-with-openai" rel="noreferrer noopener">Super Micro Stock Soars After AMD&#8217;s Big AI Deal With OpenAI</a>



According to Supermicro, the MicroBlade architecture offers significant advantages over traditional 1U servers, including up to 95% less cabling, 70% space savings, and 30% energy savings. The system also simplifies network and system management with built-in switches and open industry-standard management tools.



Supermicro is targeting the new MicroBlade for a range of applications, including dedicated hosting, virtual desktop infrastructure (VDI), online gaming, and AI inferencing.



On Thursday, Supermicro stock tanked close to 9% after it revealed that it expects <a href="https://www.benzinga.com/trading-ideas/movers/25/10/48382680/super-micro-stock-is-sliding-thursday-heres-why" target="_blank" rel="noreferrer noopener">first-quarter revenue</a> of approximately $5 billion, down from its prior forecast of $6 billion to $7 billion.



The company attributed the revision to a timing issue, clarifying that more than $12 billion in recent design wins are now scheduled for delivery in the second quarter instead of the first.



Despite the near-term revenue shift, CEO Charles Liang expressed strong confidence in the company&#8217;s momentum. He stated that customer demand is accelerating, particularly for its new AI liquid-cooled solutions, and that Supermicro is gaining market share.



Liang also reiterated the company&#8217;s long-term target of achieving at least $33 billion in revenue in fiscal year 2026, noting that it is just beginning to ship its latest systems featuring new Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/NVDA">NVDA</a>) and AMD products.



However, Supermicro also faces significant internal and financial challenges. It disclosed <a href="https://www.benzinga.com/markets/tech/25/10/48207443/supermicros-all-in-one-data-center-kits-could-change-how-companies-go-online" target="_blank" rel="noopener">material weaknesses in</a> its financial controls, leading to a missed 2024 filing deadline and the resignation of its auditor, Ernst &amp; Young. Supermicro warned that these unresolved issues could affect the accuracy of its future reports.



These accounting problems, combined with a weaker-than-expected earnings report, concerns over guidance, and pressure on its profit margins, caused the company&#8217;s stock to fall sharply in August.



Despite these issues, strong investor demand for the company&#8217;s AI-focused servers has propelled its stock to a gain of more than 57% so far this year.



Price Actions: SMCI shares were trading higher by 2.57% to $49.15 premarket at last check on Friday.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/09/47817979/super-micro-nvidia-power-lambdas-zero-emission-data-center-ai-training" target="_blank" rel="noreferrer noopener">Super Micro And Nvidia Power Lambda&#8217;s Zero-Emission Data Center For AI Training Expansion</a></li>
</ul>



Photo: Shutterstock

NVDA

SMCI

Supermicro Taps New AMD Chips For Its Next-Gen Data Center Push

Coinbase Global Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/COIN">COIN</a>) CEO Brian Armstrong expressed optimism on Thursday about the future of cryptocurrency regulations in the U.S., noting that both Democrats and Republicans are on the same page.



<h2 class="wp-block-heading">Armstrong Indicates Bipartisan Support For Crypto Bill</h2>



In an X post, Armstrong said that despite the government shutdown, the&nbsp;momentum for market&nbsp;structure&nbsp;legislation&nbsp;is at an &#8220;all-time high.&#8221;



&#8220;I sat down with Senate Democrats and Republicans who want to get this done &#8211; we&#8217;re 90% there,&#8221; he said, adding that both sides are working &#8220;hard&#8221; to figure out the remaining 10%.



Coinbase&#8217;s top executive said the company is &#8220;bullish&#8221; on a bill being passed by the end of the year and getting&nbsp;it out of Committee by Thanksgiving.



&#8220;We&#8217;ll keep fighting for the future of crypto here on the hill,&#8221; Armstrong stated.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">DC may be shut down, but momentum for market structure clarity is at an all-time high. I sat down with Senate Democrats and Republicans who want to get this done &#8211; we&#39;re 90% there. Both sides are working hard to figure out the final 10%, and we&#39;re getting close.<a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw">@Coinbase</a> is… <a href="https://t.co/EI5sShFvKA">pic.twitter.com/EI5sShFvKA</a>&mdash; Brian Armstrong (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1981410026746261971?ref_src=twsrc%5Etfw">October 23, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/10/48397608/cathie-wood-says-thrilled-to-back-the-largest-corporate-eth-holder-outside-us-expanding-access-is-key" target="_blank" rel="noreferrer noopener">Cathie Wood Says &#8216;Thrilled&#8217; To Back The Largest Corporate ETH Holder Outside US: Expanding &#8216;Access&#8217; Is Key</a>



<h2 class="wp-block-heading">&#8216;Excellent Position&#8217; To Pass Bill By Year-End</h2>



White House Crypto and AI Czar David Sacks echoed Armstrong&#8217;s optimism, suggesting that the policymakers were in an &#8220;excellent position&#8221; to pass market structure legislation with bipartisan backing this year.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I spent today on Capitol Hill meeting with the members of the Senate <a href="https://twitter.com/BankingGOP?ref_src=twsrc%5Etfw">@BankingGOP</a> and <a href="https://twitter.com/SenateAgGOP?ref_src=twsrc%5Etfw">@SenateAgGOP</a> Committees; thank you to their respective Chairmen <a href="https://twitter.com/SenatorTimScott?ref_src=twsrc%5Etfw">@SenatorTimScott</a> and <a href="https://twitter.com/JohnBoozman?ref_src=twsrc%5Etfw">@JohnBoozman</a> for hosting me. I also had productive meetings with leading Democratic members, and believe we… <a href="https://t.co/cf6GxxnydM">pic.twitter.com/cf6GxxnydM</a>&mdash; David Sacks (@davidsacks47) <a href="https://twitter.com/davidsacks47/status/1981217337102467500?ref_src=twsrc%5Etfw">October 23, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading">A New Era Of Regulatory Clarity?</h2>



The market structure bill, also called the CLARITY Act, which proposes to&nbsp;<a href="https://www.benzinga.com/25/05/45213365/maxine-waters-to-obstruct-cryptocurrency-hearing-plans-shadow-hearing-instead" target="_blank" rel="noreferrer noopener">split cryptocurrency oversight</a>&nbsp;between the SEC and the CFTC, sailed through the House and will be debated in the Senate.



The GENIUS Act, which aims to regulate dollar-pegged stablecoins like Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>), has <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46484988/us-house-passes-crucial-crypto-bills-from-sec-chair-paul-atkins-to-coinbase-ceo-brian-armstrong-heres-how-everyone-reacted">already been signed into law</a>.



However, concerns over&nbsp;President&nbsp;Donald Trump-backed cryptocurrency ventures and a potential conflict of interest&nbsp;have heightened scrutiny of the bills, with senior Democrat Sen.&nbsp;Elizabeth Warren&nbsp;(D-Mass.)&nbsp;<a href="https://www.benzinga.com/news/politics/25/07/46459302/elizabeth-warren-says-trump-backed-genius-clarity-bills-dont-address-his-corruption-or-stop-terrorists-from-using-crypto-to-blow-up-our-entire-economy" target="_blank" rel="noreferrer noopener">among the most vocal opponents</a>.



Price Action: Coinbase shares gained 0.46% in after-hours trading after closing 0.74% higher at $322.71&nbsp;during Thursday&#8217;s regular trading session, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. Year-to-date, the stock has rallied nearly 30%



As of this writing, COIN ranked high on Growth, an indicator of a stock's combined historical expansion in earnings and revenue across multiple periods. Visit&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga Edge Stock Rankings</a>&nbsp;to compare it to other cryptocurrency-related stocks.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="963" height="206" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24032409/image-621.png" alt="" class="wp-image-1129565" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24032409/image-621.png 963w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24032409/image-621-300x64.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24032409/image-621-768x164.png 768w" sizes="(max-width: 963px) 100vw, 963px" /></a></figure>



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://benzinga.com/crypto/cryptocurrency/25/10/48396793/trump-backed-world-liberty-financial-token-rallies-12-leaves-bitcoin-ethereum-trailing-in-the-dust" target="_blank" rel="noreferrer noopener">Trump-Backed World Liberty Financial Token Rallies 12%, Leaves Bitcoin, Ethereum Trailing In The Dust &#8211; Benzinga</a></li>
</ul>



Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>



Photo courtesy: Camilo Concha / Shutterstock.com

Cryptocurrency

Politics

$USDT

COIN

Coinbase CEO Brian Armstrong 'Bullish' On Getting Key Crypto Legislation Passed By Year-End: 'We're 90% There'

Editor&#8217;s note: The future prices of benchmark tracking ETFs, the lede, earnings, and the latest economic releases were updated in the story.



U.S. stock futures advanced on Friday following Thursday's positive moves. Futures of major benchmark indices were higher.



U.S. inflation moderated slightly in September, with the Consumer Price Index for All Urban Consumers (CPI-U) rising 0.3% on a seasonally adjusted basis after a 0.4% increase in August.



The U.S. Bureau of Labor Statistics reported Friday that over the last 12 months, the all-items index increased 3.0%. A sharp 4.1% rise in the gasoline index was the largest factor in the monthly increase, driving the overall energy index up by 1.5%.



Meanwhile, trade relations with America's closest ally cratered, with President Donald Trump stating on <a href="https://truthsocial.com/@realDonaldTrump/posts/115426967566430347">social media</a>, "ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED," over a dispute involving an anti-tariff advertisement by Canada. 



The 10-year Treasury bond yielded 4.01% and the two-year bond was at 3.49%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 98.9% likelihood of the Federal Reserve cutting the current interest rates in its October meeting. 



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Futures</td><td>Change (+/-)</td></tr><tr><td>Dow Jones</td><td>0.04%</td></tr><tr><td>S&amp;P 500</td><td>0.23%</td></tr><tr><td>Nasdaq 100</td><td>0.41%</td></tr><tr><td>Russell 2000</td><td>0.27%</td></tr></tbody></table></figure>



The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SPY">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/QQQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Friday. The SPY was up 0.38% at $674.31, while the QQQ advanced 0.53% to $613.82, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Delayed September CPI Report—Intel, Ford, Procter &amp; Gamble In Focus" width="500" height="281" src="https://www.youtube.com/embed/K0VTPcWj05k?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



<h2 class="wp-block-heading">Stocks In Focus</h2>



<h2 class="wp-block-heading">Intel</h2>



<ul class="wp-block-list">
<li>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/INTC">INTC</a>) jumped 6.89% in premarket on Friday after reporting stronger-than-expected financial results for the third quarter. Its revenue of $13.65 billion beat analyst estimates of $13.14 billion and earnings of 23 cents per share beat estimates of one cent per share.</li>
</ul>



<ul class="wp-block-list">
<li>INTC maintained a stronger price trend over the short, medium, and long terms, with a poor growth ranking, as per Benzinga&#8217;s Edge Stock Rankings. Additional performance details are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="160" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24052204/INTC-EDGE-OCT-24-1024x160.png" alt="Benzinga's Edge Stock Ranking for INTC. " class="wp-image-1129785" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24052204/INTC-EDGE-OCT-24-1024x160.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24052204/INTC-EDGE-OCT-24-300x47.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24052204/INTC-EDGE-OCT-24-768x120.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24052204/INTC-EDGE-OCT-24.png 1141w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h2 class="wp-block-heading">Ford Motor</h2>



<ul class="wp-block-list">
<li>Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/F">F</a>) jumped 3.65% after reporting better-than-expected financial results with a quarterly earnings of 45 cents per share, which beat the analyst estimate of 36 cents and revenue of $47.18 billion, above the $43.07 billion estimate.</li>
</ul>



<ul class="wp-block-list">
<li>Ford maintained a stronger price trend over short, medium, and long terms, with a strong value ranking. Additional performance details, as per Benzinga&#8217;s Edge Stock Rankings, are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="160" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24052231/F-EDGE-OCT-24-1024x160.png" alt="Benzinga's Edge Stock Ranking for F. " class="wp-image-1129787" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24052231/F-EDGE-OCT-24-1024x160.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24052231/F-EDGE-OCT-24-300x47.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24052231/F-EDGE-OCT-24-768x120.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24052231/F-EDGE-OCT-24.png 1158w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



<h2 class="wp-block-heading">Deckers Outdoor</h2>



<ul class="wp-block-list">
<li>Deckers Outdoor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/DECK">DECK</a>) dropped 11.64% despite better-than-expected financial results as it issued disappointing full-year sales guidance.</li>
</ul>



<ul class="wp-block-list">
<li>DECK maintained a weaker price trend over the short, medium, and long terms, with a strong quality ranking. Additional information is <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="160" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24052256/DECK-EDGE-1024x160.png" alt="Benzinga's Edge Stock Ranking for DECK. " class="wp-image-1129789" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24052256/DECK-EDGE-1024x160.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24052256/DECK-EDGE-300x47.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24052256/DECK-EDGE-768x120.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24052256/DECK-EDGE.png 1155w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



<h2 class="wp-block-heading">Plug Power</h2>



<ul class="wp-block-list">
<li>Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PLUG">PLUG</a>) rose 3.12% after it announced a milestone deployment of its GenDrive hydrogen fuel cell systems and GenFuel infrastructure at Floor &amp; Decor Holdings, Inc.‘s (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/FND">FND</a>) distribution center in Frederickson, Washington.</li>
</ul>



<ul class="wp-block-list">
<li>Benzinga&#8217;s Edge Stock Rankings indicate that PLUG maintains a stronger price trend over the short, medium, and long terms, with a weak growth ranking. Additional performance details are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="158" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24052323/PLUG-EDGE-OCT-24-1024x158.png" alt="Benzinga's Edge Stock Ranking for PLUG. " class="wp-image-1129791" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24052323/PLUG-EDGE-OCT-24-1024x158.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24052323/PLUG-EDGE-OCT-24-300x46.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24052323/PLUG-EDGE-OCT-24-768x119.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24052323/PLUG-EDGE-OCT-24.png 1150w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



<h2 class="wp-block-heading">Procter &amp; Gamble</h2>



<ul class="wp-block-list">
<li>Procter &amp; Gamble Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/PG">PG</a>) shares were 3.31% higher as it reported diluted earnings of $1.95 per share, beating the estimate of $1.90, and revenue of $22.4 billion, above the estimated $22.17 billion, according to Benzinga Pro.</li>
</ul>



<ul class="wp-block-list">
<li>PG maintained a weaker price trend over short, medium, and long terms, with a poor value ranking. Additional performance details, as per Benzinga&#8217;s Edge Stock Rankings, are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="154" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24052344/PG-EDGE-1024x154.png" alt="Benzinga's Edge Stock Ranking for PG. " class="wp-image-1129793" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24052344/PG-EDGE-1024x154.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24052344/PG-EDGE-300x45.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24052344/PG-EDGE-768x116.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24052344/PG-EDGE.png 1156w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



<h2 class="wp-block-heading">Cues From Last Session</h2>



Based on the sector performance data from Wednesday, the market saw broad gains, with the all sectors weighted average up 0.58%.



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Index</td><td>Performance (+/-)</td><td>Value</td></tr><tr><td>Nasdaq Composite</td><td>0.89%</td><td>22,941.80</td></tr><tr><td>S&amp;P 500</td><td>0.58%</td><td>6,738.44</td></tr><tr><td>Dow Jones</td><td>0.31%</td><td>46,734.61</td></tr><tr><td>Russell 2000</td><td>1.27%</td><td>2,482.66</td></tr></tbody></table></figure>



<h2 class="wp-block-heading">Insights From Analysts</h2>



While the artificial intelligence (AI) boom has captured headlines and fueled much of the S&amp;P 500 Index&#8217;s rally this year, the resulting infrastructure demands are creating major opportunities in &#8220;periphery plays,&#8221; according to a Wells Fargo Investment Institute commentary.



Scott Wren, Senior Global Market Strategist, wrote that long before AI, &#8220;the U.S. power grid was in dire need of upgrading in many, if not most, areas of the country&#8221;.



The emergence of power-intensive AI data centers has been a &#8220;game changer,&#8221; forcing the massive grid upgrades that were already necessary. Wren argues that investors should look beyond just the Technology sector.



&#8220;That means we believe our favored sectors beyond just Technology, such as Industrials and Utilities, are also set to benefit,&#8221; Wren noted. These sectors are essential for building the data centers, manufacturing components, upgrading the grid, and providing electricity.



Citing estimates that $3 will be spent on supporting infrastructure for every $1 spent on AI, Wren believes this is just the beginning. &#8220;We are now only in the early innings of what in our view is a longer-term secular trend&#8221;.



See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>



<h2 class="wp-block-heading">Upcoming Economic Data</h2>



Here's what investors will be keeping an eye on Friday;



<ul class="wp-block-list">
<li>Consumer Price Index for September 3.0% YoY Vs. 3.1% Estimate; Core CPI 3.0% YoY Vs. 3.1% Expected.</li>
</ul>



<ul class="wp-block-list">
<li>October's S&amp;P flash U.S. services PMI and manufacturing PMI will be out by 9:45 a.m., and September's new home sales data will be delayed due to the impending shutdown.</li>
</ul>



<h2 class="wp-block-heading">Commodities, Gold, Crypto, And Global Equity Markets</h2>



Crude oil futures were trading lower in the early New York session by 0.21% to hover around $61.67 per barrel.



Gold Spot US Dollar fell 1.38% to hover around $4,068.69 per ounce. Its last record high stood at $4,381.6 per ounce. The U.S. Dollar Index spot was 0.11% higher at the 99.0400 level.



Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was trading 1.96% higher at $111,370.38 per coin.



Asian markets closed higher on Friday, except India&#8217;s NIFTY 50 and Australia's ASX 200 indices. South Korea's Kospi, Japan's Nikkei 225, Hong Kong's Hang Seng, and China&#8217;s CSI 300 rose. European markets were lower in early trade.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/forex/25/10/48398484/ray-dalio-warns-donald-trumps-sanctions-inevitably-weaken-global-monetary-order-reducing-dollar-demand">Ray Dalio Warns Donald Trump&#8217;s Sanctions &#8216;Inevitably Weaken&#8217; Global Monetary Order, Reducing Dollar &#8216;Demand&#8217;</a></li>
</ul>



Photo courtesy: Shutterstock

Earnings

Market Summary

Futures

Commodities

Treasuries

Pre-Market Outlook

$BTC

DECK

PLUG

Stock Market Today: S&P 500, Nasdaq, Dow Futures Rise As September CPI Comes In Cooler Than Expected —Intel, Ford, Procter & Gamble In Focus (UPDATED)

Renowned TV host Jim Cramer has backed Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/TSLA">TSLA</a>) CEO Elon Musk&#8217;s <a href="https://www.benzinga.com/markets/tech/25/09/47518118/tesla-board-unveils-900-billion-award-plan-that-could-put-elon-musk-on-trillionaire-track-if-company-hits-wild-targets">trillion-dollar compensation</a> package, while urging investors to think beyond short-term numbers and recognize the company's broader technological ambitions and societal impact. 



<h2 class="wp-block-heading">Cramer Tells Investors &#8216;Don&#8217;t Be Small-Minded&#8217;</h2>



On Thursday, in a post on X, Cramer weighed in on Musk&#8217;s controversial pay package from Tesla, the company that he has led for nearly two decades.



See Also: <a href="https://www.benzinga.com/markets/tech/25/10/48397403/dan-ives-says-tesla-robotaxi-is-biggest-competitive-threat-to-uber-predicts-optimus-robots-would-be-in-peoples-houses-in-2-to-3-years">Dan Ives Says Tesla Robotaxi Is &#8216;Biggest Competitive Threat&#8217; To Uber, Predicts Optimus Robots Would Be In People&#8217;s Houses In &#8216;2 To 3 Years&#8217;</a>



Cramer said, &#8220;Don&#8217;t be small-minded,&#8221; urging investors to think beyond the short-term and grasp the sheer scale of what Tesla under Musk represents. &#8220;Tesla is about robots, full self-driving, the future,&#8221; he said, emphasizing that it&#8217;s more than just an automotive company. &#8220;Give him his package.&#8221;



<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Don&#39;t be small-minded: tesla is about robots, full self driving, the future. Give him his package&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1981349359410094374?ref_src=twsrc%5Etfw">October 23, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading">Musk&#8217;s Trillion-Dollar Compensation With Aggressive Targets</h2>



Tesla&#8217;s board recently unveiled a new compensation package for its CEO that could be worth as much as $1 trillion, across 12 tranches, with the 11th and 12th tranch requiring a market capitalization of $7.5 trillion and $8.0 trillion, respectively, compared to its current $1.41 trillion.



While the board has asked investors to vote in favor of the recommendations that it has laid down in this regard, critics have pointed out that Musk could collect as much as $50 billion by hitting <a href="https://www.benzinga.com/markets/tech/25/10/48120311/elon-musk-may-still-reap-billions-from-teslas-trillion-dollar-pay-package-even-without-meeting-goals-report">some of the easier goals</a> that are part of the package. 



<h2 class="wp-block-heading">Experts Split Over Pay Package</h2>



Fund manager and CEO of Ark Invest, Cathie Wood, has defended Musk&#8217;s package, while pushing back against the index funds that opposed it, calling it &#8220;a form of socialism.&#8221;



&#8220;When shareholders first voted on @elonmusk&#8217;s 2018 pay package, #Tesla was not in any index, and the pay package won decisively,&#8221; she said, adding that investors will approve of this package as well, in a post on X. 



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">When shareholders first voted on <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a>'s 2018 pay package, <a href="https://twitter.com/hashtag/Tesla?src=hash&amp;ref_src=twsrc%5Etfw">#Tesla</a> was not in any index, and the pay package won decisively. In the second vote, forced by an activist Delaware judge, <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> was 1.2% of the S&amp;P 500, and the pay package won decisively. Now <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> is 2.4% of the… <a href="https://t.co/n7TR85JooM">https://t.co/n7TR85JooM</a>&mdash; Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1980120470616723856?ref_src=twsrc%5Etfw">October 20, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Ross Gerber of Investment firm&nbsp;Gerber Kawasaki has come out <a href="https://www.benzinga.com/markets/tech/25/10/48345724/ross-gerber-calls-elon-musks-pay-packet-insanity-questions-whether-anyone-on-tesla-board-negotiated-the-trillion-dollar-salary">against the package</a>, terming it &#8220;insanity.&#8221; Gerber questioned the company&#8217;s board, asking if they tried to &#8220;actually negotiate with Elon? I doubt it,&#8221; he said. 



He then warned that the Tesla board was not &#8220;independent&#8221; of Musk, while adding, &#8220;another mess coming,&#8221; in a post on X, earlier this week. 



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Obviously the pay package thing is insanity. Did anyone on the BOD actually negotiate with Elon? I doubt it. Sadly this will only lead to more litigation if it passes. The tesla BOD is still not &quot;independent&quot; from Elon&#8230; another mess coming. <a href="https://twitter.com/search?q=%24tsla&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$tsla</a>&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1980620468307783863?ref_src=twsrc%5Etfw">October 21, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Tesla shares were up 2.28% on Thursday, closing at $448.98 per share, and are down 0.58% pre-market. The stock scores high in Benzinga&#8217;s Edge Stock Rankings, with a favorable price trend in the short, medium and long terms. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock, its peers and competitors.



<figure class="wp-block-image aligncenter size-large is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="149" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24044051/Screenshot-2025-10-24-at-2.10.43-PM-1024x149.png" alt="" class="wp-image-1129716" style="width:722px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24044051/Screenshot-2025-10-24-at-2.10.43-PM-1024x149.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24044051/Screenshot-2025-10-24-at-2.10.43-PM-300x44.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24044051/Screenshot-2025-10-24-at-2.10.43-PM-768x112.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/24044051/Screenshot-2025-10-24-at-2.10.43-PM.png 1528w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



Read More: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/10/48388018/elon-musk-says-teslas-optimus-bot-could-one-day-perform-surgery-calls-it-infinite-money-glitch">Elon Musk Says Tesla&#8217;s Optimus Bot Could One Day Perform Surgery, Calls It &#8216;Infinite Money Glitch&#8217;</a></li>
</ul>



Photo courtesy: Shutterstock

TSLA

Jim Cramer Backs Elon Musk's Trillion-Dollar Compensation Package: Tells Investors 'Don't Be Small-Minded'

Leading cryptocurrencies rallied alongside stocks on Thursday after the White House confirmed a meeting between President Donald Trump and his Chinese counterpart, Xi Jinping.



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency</th><th>Gains +/-</th><th>Price (Recorded at 9:25 p.m. ET)</th></tr></thead><tbody><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>+2.08%</td><td>$110,412.88</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+1.41%</td><td>$3,869.42</td></tr><tr><td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+1.20%</td><td>$2.39</td></tr><tr><td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+6.52%</td><td>$192.78</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+2.37%</td><td>$0.1951</td></tr></tbody></table></figure>



<h2 class="wp-block-heading">Cryptos In The Green</h2>



Bitcoin hit an intraday high of $111,288.59, but failed to push beyond, falling back into the $110,000 zone. Trading volume dropped 30% in the last 24 hours.



Ethereum oscillated in the $3,800-$3,900 range, while trading activity remained on the lower side. XRP and Solana also gained momentum.



Liquidations hit $225 million in the last 24 hours, with over $130 million in bearish shorts positions erased from the cryptocurrency market, <a href="https://www.coinglass.com/LongShortRatio">according </a>to Coinglass.&nbsp;



Bitcoin's open interest spiked 2.08% over the last 24 hours to $69.38 billion. However, since the month began, the open interest has plummeted by nearly 17%.



"Fear" sentiment prevailed in the market, according to the Crypto Fear &amp; Greed Index.



Top Gainers (24 Hours)&nbsp;



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency (Market Cap&gt;$100 M)</th><th>Gains +/-</th><th>Price (Recorded at 9:15 p.m. ET)</th></tr></thead><tbody><tr><td>ChainOpera AI (COAI )&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+137.94%</td><td>$0.5703</td></tr><tr><td>PAX Gold (PAX)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+65.45%</td><td>$0.008355</td></tr><tr><td>River (RIVER )&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+21.04%</td><td>$9.49 </td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $3.71 trillion, following an increase of 2.25% in the last 24 hours.



<h2 class="wp-block-heading">Stocks Rebound On Trump-Xi Meeting</h2>



Stocks rallied on Thursday. The Dow Jones Industrial Average rose 144.20 points, or 0.31%, to finish at 46,734.61. The S&amp;P 500 jumped 0.58% to close at 6,738.44, while the tech-focused Nasdaq Composite finished up 0.25% at 22,941.80.



The rebound came after the White House confirmed that Trump will meet Xi next week in South Korea, fuelling investors' optimism amid <a href="https://www.benzinga.com/markets/equities/25/10/48361096/trump-mulls-tech-export-crackdown-on-china-these-10-stocks-are-sinking">trade tensions</a> between the two countries 



<h2 class="wp-block-heading">Why Bitcoin Should Break North Of $112,000</h2>



Blockchain analytics firm CryptoQuant noted that the Bitcoin Short-Term Holder Spent Output Profit Ratio has fallen to 0.992, its lowest level since April.



The indicator, which measures realized profit or loss for short-term investors, suggested that weak hands were currently selling their BTC at a loss.



"A decisive reclaim and hold of the STH-SOPR above the 1.0 level would be necessary to confirm a bullish trend shift," CryptoQuant stated.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bitcoin Short-Term Holder Capitulation: Are We Nearing a Bottom? "A decisive reclaim and hold of the STH-SOPR above the 1.0 level would be necessary to confirm a bullish trend shift." – By <a href="https://twitter.com/CryptoOnchain?ref_src=twsrc%5Etfw">@CryptoOnchain</a> <a href="https://t.co/IOmeDkxkjY">pic.twitter.com/IOmeDkxkjY</a>&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1981364557017661896?ref_src=twsrc%5Etfw">October 23, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Widely followed cryptocurrency analyst and trader Michaël van de Poppe said Bitcoin would "chop" until key macroeconomic data such as the Consumer Price Index and the Federal Reserve policy meeting next week.



"This cycle is far from over and I think we&#8217;ll start to see more strength, again, when Bitcoin breaks north of $112,000 as a crucial level," the analyst projected.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Pretty decent reaction on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>. Ultimately, it&#39;s still chop until we&#39;re getting macroeconomic data (CPI) and the FED meeting. Bitcoin has been going sideways around $100-120K for nearly six months already, and that means that a big volatile move is on the horizon. When?… <a href="https://t.co/61angPjmK1">pic.twitter.com/61angPjmK1</a>&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1981295661401129367?ref_src=twsrc%5Etfw">October 23, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Photo Courtesy: Marc Bruxelle on Shutterstock.com



Read Next:&nbsp;&nbsp;&nbsp;&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48385790/trump-pardens-binance-founder-changpeng-zhao-ending-biden-administrations-war-on-crypto">Trump Pardens Binance Founder Changpeng Zhao, &#8216;Ending Biden Administration&#8217;s War On Crypto&#8217;</a></li>
</ul>

Movers

Trading Ideas

$DOGE

$ETH

$SOL

$XRP

Bitcoin, Ethereum, XRP, Dogecoin Spike On Trump-Xi Meeting Optimism: Analyst Says BTC Will Show 'Strength' Again After This Crucial Level

Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/F">F</a>) has paused production of the F-150 Lightning EV pickup truck amid aluminium shortages and a pivot towards Gasoline and hybrid-powered vehicles.



Check out the current price of F <a href="https://benzinga.com/quote/F">here</a>.



<h2 class="wp-block-heading">F-150 Lightning Production Will Remain Paused, Says Ford</h2>



In a statement released by the company on Thursday, Ford announced that it was halting production of the pickup truck at the company's Rouge facility in Michigan.



"F-150 Lightning assembly at the Rouge Electric Vehicle Center will remain paused as Ford prioritizes gas and hybrid F-Series trucks, which are more profitable for Ford and use less aluminum," the company said in the statement.



Ford also announced it will transfer all electric vehicle assembly workers to the Dearborn Truck Plant, where they will join the new third crew of 1,200 employees. Ford's "Dearborn Truck Plant will target assembling more than 45,000 additional F-150 gas and hybrid trucks in 2026."



It's worth noting that Ford sold over 23,034 Lightning Pickup trucks in the U.S. this year, which made it the best-selling electric pickup truck in the country, outpacing rivals like Tesla Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/TSLA">TSLA</a>) Cybertruck.



<h2 class="wp-block-heading">Ford's Aluminium Woes</h2>



The news comes as Novelis, a key aluminium supplier to Ford, reported <a href="https://www.benzinga.com/markets/tech/25/10/48093224/ford-down-1-5-pre-market-as-fire-at-key-f-150-supplier-could-disrupt-operations-for-months-toyota-jeep-maker-stellantis-also-affected">a major fire incident</a> at its production facility in Oswego, New York, which rendered 40% of the plant unable to carry out production.



The incident has left major U.S. automakers scrambling for aluminium, with Ford's crosstown rival Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/STLA">STLA</a>) <a href="https://www.benzinga.com/markets/tech/25/10/48348237/fire-at-key-ford-supplier-also-affects-rival-stellantis-as-automaker-shuts-down-warren-plant-over-parts-shortage-report" target="_blank" rel="noopener">reportedly halting production</a> of the Jeep Wagoneer due to aluminium hood and door shortages.



<h2 class="wp-block-heading">Ford's Q3 Earnings Call Beats Estimates</h2>



Meanwhile, Ford reported <a href="https://www.benzinga.com/markets/earnings/25/10/48393078/ford-motor-reports-better-than-expected-q3-earnings-what-to-know">better-than-expected earnings</a> data during the company's Q3 earnings call with investors and analysts. The automaker reported earnings of 45 cents per share, beating analyst estimates of 36 cents per share. Quarterly revenue stood at $47.18 billion, also beating market expectations of $43.07 billion by a significant margin.



<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="202" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23235625/F-OCT-24-2025-1024x202.jpg" alt="" class="wp-image-1129311" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23235625/F-OCT-24-2025-1024x202.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23235625/F-OCT-24-2025-300x59.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23235625/F-OCT-24-2025-768x152.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23235625/F-OCT-24-2025-1536x303.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23235625/F-OCT-24-2025.jpg 1569w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



Ford scores well on the Momentum and Value metrics and offers satisfactory Growth and Quality. Ford also boasts a favorable price trend in the Short, Medium and Long terms. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!



Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/10/48374257/gm-ceo-mary-barra-says-theres-overcapacity-in-chinas-ev-market-amid-ev-price-war">GM CEO Mary Barra Says There&#8217;s Overcapacity In China&#8217;s EV Market Amid EV Price War</a></li>
</ul>



Photo Courtesy: Mike Mareen On Shutterstock.com

STLA

Ford Is Pausing The Production Of The Best-Selling EV Pickup In US: Here Is What The Company Said About The F-150 Lightning

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AAPL">AAPL</a>) has started shipping American-made servers from its new Houston facility earlier than planned, aligning with President Donald Trump's <a href="https://www.benzinga.com/news/topics/25/08/47173564/along-with-100-billion-u-s-manufacturing-commitment-apples-tim-cook-gifted-trump-a-glass-made-in-usa-plaque-on-24-karat-gold">push to expand U.S. manufacturing</a>.



<h2 class="wp-block-heading">Apple Accelerates US Manufacturing Plans</h2>



On Thursday, Apple CEO Tim Cook announced on X, formerly Twitter, that the company's "American-made advanced servers are now shipping from our new Houston facility to Apple data centers."



"These servers will help power Private Cloud Compute and Apple Intelligence, as part of our <a href="https://www.benzinga.com/markets/large-cap/25/08/46971119/apple-us-investment-tariff-exemption-stock-rally">$600 billion U.S. commitment</a>," Cook wrote.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Apple's American-made advanced servers are now shipping from our new Houston facility to Apple data centers!  These servers will help power Private Cloud Compute and Apple Intelligence, as part of our $600 billion US commitment. <a href="https://t.co/maOd3lCGfK">pic.twitter.com/maOd3lCGfK</a>&mdash; Tim Cook (@tim_cook) <a href="https://twitter.com/tim_cook/status/1981464918932279798?ref_src=twsrc%5Etfw">October 23, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/25/06/45738435/elizabeth-warren-says-trump-approved-the-largest-meat-company-in-world-to-be-listed-on-nyse-ignoring-corruption-and-bribery-history-demands-answers" target="_blank" rel="noreferrer noopener">Elizabeth Warren Says Trump ‘Approved' The Largest Meat Company In World To Be Listed On NYSE Ignoring Corruption And Bribery History, Demands Answers</a>



<h2 class="wp-block-heading">Trump's Push For Onshore Production</h2>



Originally <a href="https://www.benzinga.com/tech/25/02/43910982/apple-commits-500-billion-in-us-investment-for-ai-push-boost-us-manufacturing-tech">slated to open in 2026</a>, Apple's 250,000-square-foot manufacturing facility in Houston is now ahead of schedule. The move follows Trump's intensified efforts to bring high-tech production to U.S. soil.



Trump has been <a href="https://www.benzinga.com/markets/equities/25/05/45489614/as-apple-faces-pressure-after-trump-told-tim-cook-to-avoid-manufacturing-in-india-expert-warns-iphone-makers-value-added-growth-is-in-danger">pushing Apple to assemble</a> its iPhones in the U.S. However, Cook has maintained that full-scale iPhone assembly would remain overseas for now.



<h2 class="wp-block-heading">Apple Balances US Push And China Strategy</h2>



Even as Apple accelerates its U.S. production, <a href="https://www.benzinga.com/markets/tech/25/10/48333134/apple-faces-new-antitrust-suit-in-china-with-stock-at-all-time-highs-should-investors-be-worried">China remains a key growth market</a>. Earlier this month, Cook traveled to China, pledging to "increase investment" in the country.



During his visit, he met with Li Lecheng, China's Minister of Industry and Information Technology, who promised to create a favorable environment for global tech firms like Apple.



China remains a critical market for Apple, functioning as both a major manufacturing base and contributing roughly 17% to the company's annual revenue.



According to Counterpoint Research, Apple's iPhone 17 series <a href="https://www.benzinga.com/markets/tech/25/10/48300858/base-iphone-17-sells-nearly-twice-as-fast-as-iphone-16-in-china">has outperformed the</a> iPhone 16 lineup by 14% in the first 10 days of sales across China and the U.S.



The base model has been a standout driver, with sales nearly doubling in China thanks to upgraded features and competitive pricing.



Price Action: Apple shares rose 0.44% to close at $259.58 on Thursday, bringing its year-to-date gain to 6.45%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.



Benzinga's Edge Stock Rankings rank Apple in the 75th percentile for Quality, highlighting robust long-term fundamentals and strong investor confidence. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to compare it with competitors</a>.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23215501/Screenshot-2025-10-24-at-7.22.20%E2%80%AFAM.png" alt="" class="wp-image-1129202"/></a></figure>



Read Next:



<ul class="wp-block-list">
<li><a href="https://benzinga.com/news/sports/25/07/46757903/trump-turnberry-is-our-monalisa-says-eric-trump-as-he-shrugs-off-millions-in-losses-we-dont-give-a" target="_blank" rel="noreferrer noopener">Trump Turnberry Is ‘Our Monalisa&#8217; Says Eric Trump As He Shrugs Off Millions In Losses— ‘We Don&#8217;t Give A…&#8217;</a></li>
</ul>



Photo Courtesy: Ringo Chiu on Shutterstock.com



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AAPL

Tim Cook Says US-Made Servers Will Power Apple Intelligence, Meeting $600 Billion Manufacturing Commitment Amid Trump's Build-At-Home Push

After a nine-day delay caused by the ongoing government shutdown, September's Consumer Price Index report will finally land Friday morning, and economists say its impact on the Federal Reserve&#8217;s interest-rate path – and thus on markets –could <a href="https://www.benzinga.com/news/econ-s">be bigger than usual.</a>



The data, which arrives without crucial context from other key economic releases like jobs, retail sales and wholesale inflation, is now the first official data point in over two weeks. 



As such, it could carry extra weight in shaping expectations for whether the Fed cuts rates in its Oct. 30 meeting — and how aggressively it continues easing into year-end.



<h2 class="wp-block-heading">What Are Economists Expecting?</h2>



The consensus view is that inflation in September will edge higher again. 



According to the median economist consensus tracked by TradingEconomics, the annual headline inflation is expected to rise to 3.1%, up from 2.9% in August. 



The month-over-month inflation rate is expected to be 0.4%, while core CPI — which strips out food and energy — is forecast to rise 0.3%. The annual core inflation is predicted to remain steady at 3.1% year-over-year.



Bank of America economist Stephen Juneau said they forecast both headline and core inflation to rise 0.3% in the month, adding, "If our forecast is correct, we do not think the report will be a game changer for the Fed."



He still expects a 25-basis-point rate cut next week.



Market participants are now pricing in a near-certainty of a 25-basis-point rate cut at next week's Fed meeting, with strong odds (90%) of another cut in December.



<h2 class="wp-block-heading">Used Cars Flat, Tariffs May Add Some Pressure</h2>



According to analyst Ayesha Tariq, much of the expected inflationary strength is likely to come from energy and food, with gasoline prices estimated to have risen 1.5% in the month. But it&#8217;s the lingering effects of tariffs — particularly on goods like communication equipment, furnishings and recreation — that are keeping pressure on prices.



Used car prices are expected to stay flat after several months of drag, while airfares could fall as much as 1.5%. On the housing front, rent inflation continues to decelerate, according to both Bureau of Labor Statistics data and private sector indices.



Still, core services — especially those unrelated to housing — are proving sticky, with analysts estimating a 0.3% increase for September. That would keep the year-over-year pace near 3.5%, well above the Fed's 2% target.



"Even if the Fed does cut rates next week, I think the messaging will be hawkish and there will be some harsh commentary from Fed Powell on the lack of data due to the Government Shutdown. It's his turn to poke the Administration back for all the jabs he's endured in the last few months," Tariq stated. 



<h2 class="wp-block-heading">What Are Investors Expecting?</h2>



According to the latest 22V Research investor survey, there is a growing belief that inflation is on a "Fed-friendly glide path."



A majority of respondents — 61% — said they believe core inflation is cooling in line with the Fed's goals, while just 27% think financial conditions need to tighten further, down sharply from prior months.



Notably, for the first time since July, the dominant expectation is for a risk-on market reaction to the CPI report. About 45% of investors anticipate markets to rally on the data, while only 26% expect a risk-off move. 



Interestingly, nearly half the investors surveyed believe that others will see the CPI's market impact as negligible — a signal that sentiment may be turning more dovish beneath the surface.



The survey also captured a meaningful drop in recession expectations, with only 12% of investors now predicting a downturn. 



<h2 class="wp-block-heading">Wall Street Eyes New Record Highs</h2>



A softer-than-feared inflation print on Friday could be the final catalyst that propels U.S. equities to fresh all-time highs, as investor optimism builds around a dovish turn from the Fed.



The S&amp;P 500 – as tracked by the Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/VOO">VOO</a>) – was trading at 6,750 points during Thursday's afternoon session, just 15 points below its Oct. 9 record of 6,765. 



The Nasdaq 100 – tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/QQQ">QQQ</a>) – hovered around 25,120, only 75 points shy of its Oct. 10 high of 25,195.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/commodities/25/10/48383517/dont-call-it-a-bubble-why-golds-rally-has-deep-structural-support">Don&#8217;t Call It A Bubble: Why Gold&#8217;s Rally Has Deep, Structural Support</a></li>
</ul>



Image created using artificial intelligence via Midjourney.

Analyst Color

Macro Economic Events

Analyst Ratings

Delayed Inflation Report Looms: Will It Shake Fed's Next Move?

Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/F">F</a>) released its third-quarter earnings report after Thursday's closing bell. Here's a look at the key figures <a href="https://www.benzinga.com/pressreleases/25/10/b48391944/ford-reports-third-quarter-2025-financial-results">from the quarter. </a>



<ul class="wp-block-list">
<li>F stock is moving. <a href="https://www.benzinga.com/quote/F">See the real-time price action here.</a></li>
</ul>



The Details: Ford Motor reported <a href="https://shareholder.ford.com/files/doc_financials/2025/q3/Ford-Q3-2025-Earnings-Press-Release.pdf">quarterly earnings</a> of 45 cents per share, which beat the analyst estimate of 36 cents.



Quarterly revenue came in at $47.18 billion, which beat the Street estimate of $43.07 billion and was up from revenue of $43.06 billion from the same period last year.



Read Next: <a href="https://www.benzinga.com/trading-ideas/movers/25/10/48356965/latest-beyond-meat-short-seller-martin-shkreli-of-course%20$BYND%20%20Latest%20Beyond%20Meat%20Short-Seller?%20Martin%20Shkreli,%20Of%20Course">Latest Beyond Meat Short-Seller? Martin Shkreli, Of Course</a>



Ford reported the following business segment highlights for Q3:



<ul class="wp-block-list">
<li>Ford Pro generated $2 billion in EBIT on $17.4 billion in revenue. Ford Pro paid software subscriptions grew 8% sequentially to 818,000 subscribers, bolstering Ford's ability to better service its commercial customers around the world.</li>



<li>Ford Model e reported a third-quarter EBIT loss of $1.4 billion, with new products in Europe driving revenue and volume growth in the segment.</li>



<li>Ford Blue reported $1.5 billion in EBIT, with revenue growth exceeding the rate of wholesale unit growth.</li>



<li>Ford Credit reported third-quarter earnings before taxes (EBT) of $631 million, a 16% increase compared to a year ago.</li>
</ul>



"Ford posted another strong quarter, delivering more than $50 billion in revenue powered by our incredible products and services, the durability of Ford Pro and our disciplined focus on cost and quality," said Jim Farley, Ford CEO.



"We are heading into 2026 as a stronger and more agile company. We will continue to focus on execution and on quickly making the right strategic calls on propulsion, partnerships and technology that will create tremendous value for our customers," Farley added. 



F Stock Price: According to data from<a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw"> Benzinga Pro</a>, Ford stock was up 3.32% at $12.75 in Thursday's extended trading. 



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/10/48361963/looking-for-the-next-beyond-meat-here-are-the-top-10-most-shorted-stocks">Looking For The Next Beyond Meat? Here Are The Top 10 Most Shorted Stocks</a></li>
</ul>



Photo: Shutterstock

After-Hours Center

Ford Motor Reports Better-Than-Expected Q3 Earnings: What To Know

There could be trouble ahead for Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/TSLA">TSLA</a>) as its shareholders meet on Nov. 6 to vote on the new pay package for CEO Elon Musk, with another group encouraging a <a href="https://www.benzinga.com/markets/tech/25/10/48291450/elon-musk-pay-deal-faces-pushback-as-iss-tells-tesla-investors-to-vote-against-1-trillion-package" target="_blank" rel="noopener">vote against it</a>.



<ul class="wp-block-list">
<li>TSLA is demonstrating bullish strength. <a href="https://www.benzinga.com/quote/TSLA" target="_blank" rel="noreferrer noopener">Stay ahead of the curve here.</a></li>
</ul>



<h2 class="wp-block-heading">Take Down Tesla Movement Targets Musk Pay Package</h2>



A group of unions and public interest groups has launched the "Take Back Tesla" movement and website, encouraging Tesla shareholders to vote no on Musk&#8217;s pay package<a href="https://www.benzinga.com/markets/tech/25/09/47518118/tesla-board-unveils-900-billion-award-plan-that-could-put-elon-musk-on-trillionaire-track-if-company-hits-wild-targets">.</a>



The group targets union members and public interest groups whose members may own Tesla shares through pensions and retirement plans and are entitled to share their opinions or vote at the shareholder meeting.



A new pay package for Musk that could be worth up to $900 billion is <a href="https://www.takebacktesla.com/a/elon-pay-package">called </a>"outrageous" by the group. The package requires Musk to be at Tesla for 10 years and hit certain milestones to receive the full compensation, which could make him the first trillionaire, with an average annual compensation of close to $100 billion.



The Take Tesla Back movement highlights how Musk's new compensation plan compares to that of Tesla workers on the website.



"The median annual compensation of other employees at Tesla is $57,243; an employee making that amount would need to work for over 1.7 million years to earn what Elon Musk would take home per year under this plan," the website says.



The website also highlights that hitting the goals of the Musk compensation plan would make Tesla worth $8.5 trillion, or around twice the $4.5 trillion market cap of Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/NVDA">NVDA</a>), the world's most valuable company today.



"But the annual value of Musk's trillion-dollar pay package isn't just 2 times what Nvidia's CEO made last year (just under $50 million); it's more than 2,000 times what Nvidia's CEO made last year."



While the movement highlights the potential compensation of Musk compared to the average Tesla worker and Nvidia CEO Jensen Huang, the website also argues for other reasons to vote no on the pay package.



"Elon Musk's political activities have damaged Tesla's brand and distracted him from leadership at Tesla. Yet Tesla's Board of Directors has done nothing to hold him accountable."



The group says that shareholders should act and vote no, telling the pension funds and investment managers to oppose the compensation plan and oppose Board of Directors nominees who won't hold Musk accountable.



Read Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/10/48019320/elon-musk-pay-package-compared-to-nfl-imagine-youre-patrick-mahomes-and-not-gonna-get-a-salary">Elon Musk Pay Package Compared To NFL: &#8216;Imagine You&#8217;re Patrick Mahomes And Not Gonna Get A Salary&#8217;</a>



<h2 class="wp-block-heading">Support Grows Against Pay Package</h2>



Take Back Tesla is backed by several groups, including the American Federation of Teachers and the Communication Workers of America.



Together, these two groups represent around 2.5 million workers, as reported by <a href="https://electrek.co/2025/10/22/take-back-tesla-urges-pension-funds-to-vote-no-on-musks-1-trillion-pay-day/">Electrek</a>.



The groups join Institutional Shareholder Services (ISS) and Glass Lewis, the two largest advisory groups, who have publicly said shareholders should vote against the pay package.



Many of the groups speaking out about the pay package have highlighted the need to reduce corporate political power, reduce massive wealth for individuals, and protect shareholders.



Musk and Tesla<a href="https://www.benzinga.com/markets/tech/25/10/48371707/elon-musk-calls-proxy-advisor-firms-opposing-his-trillion-dollar-pay-corporate-terrorists-accuses-them-of-voting-on-random-political-lines"> have spoken out </a>against criticism of his pay package, often highlighting how much Tesla&#8217;s value has increased in recent years and how much the company would need to grow in value for his full compensation to be paid.



"Elon receives nothing unless shareholders win big," Tesla <a href="https://x.com/Tesla/status/1979268933707534805">tweeted</a>.



The company said ISS "missed fundamental points of investing and governance" and is "disconnected from reality."



Musk has referred to ISS and Glass Lewis as "corporate terrorists."



&#8220;ISS and Glass Lewis have no actual ownership themselves and often vote along random political lines unrelated to shareholder interests!&#8221; Musk said.



Musk said that if "terrible recommendations" from proxy firms had been followed in the past, it would have been destructive for Tesla.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/10/48388018/elon-musk-says-teslas-optimus-bot-could-one-day-perform-surgery-calls-it-infinite-money-glitch">Elon Musk Says Tesla&#8217;s Optimus Bot Could One Day Perform Surgery, Calls It &#8216;Infinite Money Glitch&#8217;</a></li>
</ul>



Image created using artificial intelligence via DALL-E.

Management

Elon Musk's Pay Plan Equals 2,000 Years of Nvidia CEO Salary — Not A Typo

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/TSLA">TSLA</a>) analysts see near-term risks and pressure for the stock after <a href="https://www.benzinga.com/markets/earnings/25/10/48367296/tesla-q3-highlights-record-ev-deliveries-falling-profits-ai-ambitions-ahead">mixed third-quarter results</a> and new updates on product launch timelines.



The Tesla Analysts: Needham analyst Chris Pierce reiterated a Hold rating on Tesla with no price target.



Cantor Fitzgerald analyst Andres Sheppard reiterated an Overweight rating and raised the price target to $510 from $355.



Goldman Sachs analyst Mark Delaney maintained a Neutral rating and lowered the price target from $425 to $400.



Read Also: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/10/48361618/tesla-analyst-says-elon-musk-will-be-heavy-on-optimism-and-light-on-truth-for-q3-earnings-call">Tesla Analyst Says Elon Musk Will &#8216;Be Heavy On Optimism And Light On Truth&#8217; For Q3 Earnings Call</a>



Needham on TSLA: Tesla's third-quarter financial results provided increased confidence in new businesses, Pierce said in a new investor note.



"TSLA continues to demonstrate operational discipline and long-term leadership across electrification and energy storage, but we see the stock as fairly valued against our already aggressive longer term FSD and Robotics estimates," Pierce said.



The analyst noted that Tesla&#8217;s scaling of vehicle production shows confidence in its FSD platform, but concerns remain with safety drivers still being used.



Pierce said Tesla bears can show that the company has aggressive assumptions and valuation remains high.



"We see limited valuation support at current levels, raising the execution bar for a company that has overpromised vs. overdelivered in recent years."



The analyst's 2030 and 2035 estimates show that 50% of Tesla's gross profit comes from businesses like rideshare and robotics that have no current gross profit.



Pierce estimates that rideshare will hit 36% of gross profit dollars and robotics will hit 18% in 2035. Automotive gross profit dollars are estimated to decline from 69% now to 25% in 2035.



Cantor Fitzgerald on TSLA: Highlights from the third quarter include beating revenue estimates, gross margins and free cash flow, Sheppard said in a new investor note.



"We are encouraged by the recent introduction of lower-priced vehicles, which we see as an opportunistic way for TSLA to boost customer demand and potentially regain some EV market share," he said.



The analyst also highlighted the company's energy storage growth, which had several records in the quarter.



Sheppard said the broader FSD rollout in China and the initial launch in Europe are "material catalysts" for the company's margins.



The analyst said the Cybercab, Tesla Semi and Megapack 3 on track for 2026 volume production is "significant."



"We remain bullish on TSLA over the medium to long term, and we continue to see meaningful future upside from Energy Storage &amp; Deployment, FSD, Robotaxis/Cybercab, Semis and Optimus Bots."



Sheppard added that investors should wait for a pullback to get a better entry into Tesla stock, as shares trade near all-time highs.



Goldman Sachs on TSLA: A debate on the long-term potential of profits from AI-related projects from Tesla could continue, Delaney said after Q3 earnings.



"We think the 3Q report was mixed to slightly negative relative to some focus areas for investors," he said in a new investor note.



The analyst said automotive gross margins, earnings per share and the Optimus 3 timeline were likely below investor expectations.



"We expect a potentially volatile event path over the near to medium term for the stock."



In the long term, the analyst said Tesla can grow its earnings per share with larger contributions from robotics and autonomous vehicles.



TSLA Price Action: Tesla stock is down 3.4% to $424.00 on Thursday, trading within a 52-week range of $214.25 to $488.54. Tesla shares are up 11.8% year-to-date in 2025.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/10/48027001/heres-how-many-vehicles-tesla-has-delivered-produced-in-each-quarter-since-2019-3">Here&#8217;s How Many Vehicles Tesla Has Delivered, Produced In Each Quarter Since 2019</a></li>
</ul>



Photo: Shutterstock

Price Target

Reiteration

Tesla Stock Has 'Limited Valuation Support': Analysts See Near-Term Risks After Q3 Results

After a dazzling rally that pushed gold prices to a record $4,378 per ounce earlier this month, the yellow metal has dipped back to $4,100—to some, a warning sign, but to others, a setup for what could be the next leg in a<a href="https://www.benzinga.com/topic/expert-ideas"> powerful, fundamentally driven uptrend.</a>



<h2 class="wp-block-heading">The Gold Rally That Got Popped — But Not For Long?</h2>



Gold's sharpest single-day drop in five years earlier this week reignited bubble talk, with some calling time on the metal's historic run.



Robin Brooks, senior fellow at the Brookings Institution and former chief economist at the Institute of International Finance, called the move a textbook case of macro-driven exuberance. 



"The crazy rise in gold prices began after Powell's dovish speech at Jackson Hole on Aug. 22. Thirty percent later, this bubble was popped by the IMF/World Bank meetings last week, where lots of people got together and said: ‘This is nuts,'" Brooks posted on X.



He argued that markets are rotating between safe-haven assets in what&#8217;s become a &#8220;debasement trade,&#8221; where bubbles form and burst across asset classes. Gold, he said, had become "massively overbought."



Still, not everyone's convinced the rally is over. Some commodity analysts believe this correction is merely a pause as the metal&#8217;s historic rally still has plenty of fuel left in the tank.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It doesn&#39;t get more &quot;macro&quot; than the recent gold bubble. The crazy rise in gold prices began after Powell&#39;s dovish speech at Jackson Hole on August 22. 30% later, this bubble was popped by the IMF/WB meetings last week, where lots of people got together and said: &quot;This is nuts.&quot; <a href="https://t.co/57HNa1nuny">pic.twitter.com/57HNa1nuny</a>&mdash; Robin Brooks (@robin_j_brooks) <a href="https://twitter.com/robin_j_brooks/status/1980943987214061569?ref_src=twsrc%5Etfw">October 22, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



In a note to clients shared Thursday, Goldman commodity analysts Lina Thomas and Daan Struyven said they remain &#8220;structurally bullish&#8221; on gold, maintaining their forecast of $4,900 per ounce by end-2026, or about 20% upside from current prices near $4,100.



<h2 class="wp-block-heading">Why Did Gold Pull Back?</h2>



According to Goldman Sachs, the correction, which hit during Tuesday's session, likely stemmed from a mix of speculative unwinds and market mechanics. 



With no updated CFTC data since late September due to the U.S. government shutdown, Goldman turned to COMEX open interest as a proxy for investor positioning. 



That data suggests some managed money players exited long positions, while complex call option structures — including "knockout" clauses that void contracts during sharp moves — may have accelerated the selloff.



Adding to the turbulence: silver, which fell 11% since Friday, dragging gold lower through cross-metal positioning unwinds. 



Silver's sharp drop came as lease rates in London plunged, suggesting a recent price spike tied to regional shortages was easing, pulling more metal into the city and easing local tightness.



<h3 class="wp-block-heading">Central Banks And Institutional Buyers Are Driving The Gold Rally</h3>



Despite the price drop, structural buying hasn't let up. Goldman believes central bank purchases accelerated in September and October—following the usual post-summer seasonal trend—with China estimated to have bought 10 of the 21 tonnes in August alone.



Gold ETF inflows – in funds like the SPDR Gold Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/GLD">GLD</a>) or the iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/IAU">IAU</a>) – also picked up in recent weeks, supported by the outlook for Federal Reserve rate cuts. 



Private wealth and asset managers are also expressing renewed interest in gold as a long-term hedge, according to Goldman's client conversations.



Most of this money is slow-moving and not reflected in fast-twitch ETF metrics. Institutions operate on multi-quarter investment cycles.



In 2020, only 30% of U.S. institutional investors held any gold at all, and those that did had allocations below 2%, according to 13F filings. That leaves significant room for growth.



"If such private investors were to seek stores of value outside the financial system amid global macro uncertainty… even modest reallocations from global bond and equity portfolios could substantially raise prices," Goldman said.



<h3 class="wp-block-heading">22V Research Sees Gold at $5,000—And Soon</h3>



Adding weight to the thesis, 22V Research's analyst Colin Fenton offered a similarly bullish long-term view.



He expects gold to hit $5,000 and silver to reach $65 before the end of 2026—if not earlier.



"Significantly higher gold and silver prices most likely lie ahead," Fenton said, yet warned that the journey won't be smooth.



He called the recent correction a potential buying opportunity and indicated that the volatility reflects physical market realities, not just paper trading.



"To be crystal clear," Fenton added, "we expect spot gold and silver prices to advance by at least another +25% from current levels within the next 14 months."



And because of the operating leverage embedded in miners' earnings, he believes gold miners—tracked by ETFs like VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/GDX">GDX</a>)—could see 50%+ gains over the same period.



"This is a historic cycle for precious metals," Fenton said. "But from here the forward price paths cannot and will not be smooth. High price volatility must be expected and managed."



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/commodities/25/10/48378418/oil-prices-today-us-sanctions-russia-rosneft-lukoil-donald-trump-putin-xle-etf-energy-stocks">Trump&#8217;s Sanctions On Russia Spark Oil Rally: 10 Energy Stocks Take Off</a></li>
</ul>



Image created using artificial intelligence via Midjourney.

Don't Call It A Bubble: Why Gold's Rally Has Deep, Structural Support

Energy markets dominated headlines Thursday as a fresh wave of U.S. sanctions targeting Russia's oil giants sparked a sharp rebound in crude prices<a href="https://www.benzinga.com/markets/commodities/25/10/48378418/oil-prices-today-us-sanctions-russia-rosneft-lukoil-donald-trump-putin-xle-etf-energy-stocks"> and lifted energy shares.</a>



On Wednesday, President Donald Trump's administration imposed sweeping restrictions on Rosneft and Lukoil, ramping up pressure on Russian President Vladimir Putin to agree to a ceasefire in Ukraine. The U.S. Treasury also warned it could impose secondary sanctions on foreign entities doing business with Russia's defense or energy sectors.



The market reaction was immediate. West Texas Intermediate crude jumped more than 5% to $62 per barrel, on pace for its strongest session since June. The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/XLE">XLE</a>) climbed 1.9%, outperforming all other S&amp;P 500 sectors.



Despite higher oil prices, broader equity sentiment remained positive. By midday in New York, the S&amp;P 500 was up 0.4% to 6,730, while the Nasdaq 100 gained 0.8% to 25,080.



In commodities, gold and silver advanced 1.6% each as investors stepped in after this week's steep declines.



Meanwhile, bond yields rose, with the 10-year Treasury up 5 basis points to 4.00% and the 30-year at 4.55%.



In crypto markets, sentiment was positive, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) climbing 2.2%.



<h2 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h2>



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Major Indices</td><td>Price</td><td>1-day % change</td></tr><tr><td>Russell 2000</td><td>2,471.90</td><td>+0.9%</td></tr><tr><td>Nasdaq 100</td><td>25,078.80</td><td>+0.8%</td></tr><tr><td>S&amp;P 500</td><td>6,731.38</td><td>+0.5%</td></tr><tr><td>Dow Jones</td><td>46,642.20</td><td>+0.1%</td></tr></tbody></table><figcaption class="wp-element-caption">Updated by 12:10 p.m. ET</figcaption></figure>



According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:



<ul class="wp-block-list">
<li>The&nbsp;Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/VOO">VOO</a>) rose 0.5% to $616.79.</li>



<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/DIA">DIA</a>) inched 0.2% up to $466.54.</li>



<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/QQQ">QQQ</a>)&nbsp;rose 0.7% to $609.77.</li>



<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/IWM">IWM</a>) rallied 1% to $245.59.</li>



<li>The&nbsp;Energy&nbsp;Select Sector SPDR Fund outperformed, up 1.9%; the&nbsp;Consumer Staples&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/XLP">XLP</a>) lagged, down 0.8%.</li>
</ul>



<h2 class="wp-block-heading">Thursday&#8217;s Stock Movers On Earnings Reports</h2>



<ul class="wp-block-list">
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/TSLA">TSLA</a>) down 1.0%</li>



<li>International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/IBM">IBM</a>) down 1.1%</li>



<li>T-Mobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/TMUS">TMUS</a>) down 4.6%</li>



<li>Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BX">BX</a>) down 3.9%</li>



<li>Lam Research Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/LRCX">LRCX</a>) up 4.6%</li>



<li>Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/HON">HON</a>) up 7.4%</li>



<li>Union Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/UNP">UNP</a>) down 2.0%</li>



<li>Sanofi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/SNY">SNY</a>) up 0.5%</li>



<li>O&#8217;Reilly Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/ORLY">ORLY</a>) down 5.4%</li>



<li>Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/FCX">FCX</a>) up 1.7%</li>



<li>Kinder Morgan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/KMI">KMI</a>) down 3.2%</li>



<li>United Rentals, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/URI">URI</a>) down 7.6%</li>



<li>Valero Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/VLO">VLO</a>) up 6.3%</li>



<li>Roper Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/ROP">ROP</a>) down 6.7%</li>



<li>CBRE Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CBRE">CBRE</a>) up 0.2%</li>



<li>Crown Castle Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CCI">CCI</a>) down 1.7%</li>



<li>Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/LVS">LVS</a>) up 11.8%</li>



<li>PG&amp;E Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/PCG">PCG</a>) down 1.3%</li>



<li>Raymond James Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/RJF">RJF</a>) down 1.7%</li>



<li>Tractor Supply Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/TSCO">TSCO</a>) up 4.4%</li>



<li>FirstEnergy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/FE">FE</a>) down 0.8%</li>



<li>CenterPoint Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CNP">CNP</a>) down 1.2%</li>



<li>Dover Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/DOV">DOV</a>) up 6.1%</li>



<li>STMicroelectronics N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/STM">STM</a>) down 12.7%</li>



<li>First Citizens BancShares, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/FCNCA">FCNCA</a>) up 0.4%</li>



<li>West Pharmaceutical Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/WST">WST</a>) up 11.5%</li>



<li>Rogers Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/RCI">RCI</a>) up 1.2%</li>



<li>Packaging Corporation of America (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/PKG">PKG</a>) flat (down 0.1%)</li>



<li>Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/DOW">DOW</a>) up 11.5%</li>



<li>TechnipFMC plc (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/FTI">FTI</a>) up 8.6%</li>



<li>Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/LUV">LUV</a>) down 7.5%</li>



<li>TransUnion (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/TRU">TRU</a>) up 4.0%</li>



<li>Carpenter Technology Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CRS">CRS</a>) up 24.0%</li>



<li>Allegion plc (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/ALLE">ALLE</a>) down 4.9%</li>



<li>Reliance, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/RS">RS</a>) down 1.2%</li>



<li>Textron Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/TXT">TXT</a>) down 3.2%</li>



<li>Annaly Capital Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/NLY">NLY</a>) down 1.8%</li>



<li>Graco Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/GGG">GGG</a>) down 1.8%</li>



<li>CACI International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CACI">CACI</a>) up 10.3%</li>



<li>Equity LifeStyle Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/ELS">ELS</a>) down 5.1%</li>



<li>Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MBLY">MBLY</a>) down 1.7%</li>



<li>Globe Life Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/GL">GL</a>) up 0.2%</li>



<li>Alcoa Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/AA">AA</a>) up 15.1%</li>



<li>SEI Investments Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/SEIC">SEIC</a>) down 1.4%</li>



<li>Molina Healthcare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/MOH">MOH</a>) down 20.7%</li>
</ul>



Stocks slated to report earnings after the close include Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/INTC">INTC</a>), Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/NEM">NEM</a>), Norfolk Southern Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/NSC">NSC</a>), Digital Realty Trust Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/DLR">DLR</a>), Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/F">F</a>), Baker Hughes Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/BKR">BKR</a>), Comfort Systems USA Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/FIX">FIX</a>), Verisign Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/VRSN">VRSN</a>), SS&amp;C Technologies Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/SSNC">SSNC</a>), and Deckers Outdoor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/DECK">DECK</a>).



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/commodities/25/10/48383517/dont-call-it-a-bubble-why-golds-rally-has-deep-structural-support">Don&#8217;t Call It A Bubble: Why Gold&#8217;s Rally Has Deep, Structural Support</a></li>
</ul>



Image created using artificial intelligence via Midjourney.

Sector ETFs

ALLE

CACI

CBRE

FCNCA

LRCX

MBLY

SEIC

SSNC

TMUS

TSCO

VRSN

Oil Stocks Rally On Trump's Russia Sanctions: What's Moving Markets Thursday?

A fresh wave of U.S. sanctions on Russia's largest oil companies, ordered by President Donald Trump, jolted energy markets back to life on Thursday—sparking a crude rally and lifting battered American<a href="https://www.benzinga.com/markets/commodities/25/10/48371213/trump-freezes-out-moscow-full-sanctions-slapped-on-russian-oil-giants-rosneft-and-lukoil-crude-oil-futures-surge"> oil stocks sharply higher.</a>



West Texas Intermediate (WTI) crude futures jumped over 5% to trade above $61 per barrel by 8:30 a.m. ET, reversing from a Monday low of $56 that had marked the weakest price since April 2025.



<h2 class="wp-block-heading">Trump's Russia Sanctions Send Oil Soaring</h2>



On Wednesday, the U.S. Treasury imposed sweeping sanctions on Rosneft and Lukoil, Russia's two largest oil producers, as part of a broader effort to pressure Moscow into agreeing to a ceasefire in Ukraine. 



The sanctions target not only the parent firms but also over 30 subsidiaries involved in upstream exploration, refining and distribution.



&#8220;Given President Putin's refusal to end this senseless war, Treasury is sanctioning Russia's two largest oil companies that fund the Kremlin's war machine,&#8221; Treasury Secretary Scott Bessent said.



The sanctions effectively freeze any U.S. assets tied to Rosneft and Lukoil and block American firms from doing business with them. This means less Russian oil on global markets, just as inventories had started to build and prices were softening.



Furthermore, the Treasury indicated that foreign financial institutions that facilitate major transactions or provide services to Russia's military-industrial complex or sanctioned energy firms now face heightened risk of U.S. sanctions. 



The potential for secondary penalties adds a new layer of pressure, threatening to further choke off global funding to Russia's oil and gas sector.



&#8220;We encourage our allies to join us in and adhere to these sanctions," Bessent added. 



Prior to Thursday&#8217;s 5% rally, oil prices had fallen nearly 15% over the past two months amid signs of slowing demand and rising U.S. production. 



But geopolitical risk is once again back at center stage, with the market recalibrating the potential for supply disruption.



<h2 class="wp-block-heading">Energy Stocks Rally After Trump&#8217;s Sanctions On Russi</h2>



The rally in oil prices translated immediately into Wall Street gains for energy companies, especially those focused on exploration and production. The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/XLE">XLE</a>), which tracks U.S. energy giants, climbed 1.6% in Thursday's premarket, with 21 of its 22 constituents in the green.



Here are 10 of the biggest premarket movers:



<ul class="wp-block-list">
<li>APA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/APA">APA</a>) gained 4.2% to $23.85</li>



<li>Occidental Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/OXY">OXY</a>) rose 3.1% to $43.04</li>



<li>Diamondback Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/FANG">FANG</a>) surged 2.6% to $146.02</li>



<li>ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/COP">COP</a>) advanced 2.5% to $89.55</li>



<li>Devon Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/DVN">DVN</a>) added 2.4% to $33.19</li>



<li>SLB N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SLB">SLB</a>) moved up 2.3% to $35.72</li>



<li>EQT Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/EQT">EQT</a>) rose 2.3% to $54.70</li>



<li>Valero Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/VLO">VLO</a>) climbed 2% to $165.15</li>



<li>EOG Resources Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/EOG">EOG</a>) gained 1.9% to $108.27</li>



<li>Expand Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/XPD">XPD</a>) rose 1.9% to $106.41</li>
</ul>



As of Wednesday's market close, the XLE ETF had gained just 1.7% year to date—ranking as the worst performer among the S&amp;P 500's eleven sectors.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/commodities/25/10/48315585/donald-trump-drill-baby-drill-energy-oil-gas-renewables-crude-prices-today-xle-etf">Trump&#8217;s &#8216;Drill Baby Drill&#8217; Plan Just Backfired—Oil Stocks Haven&#8217;t Been This Cheap In Years</a></li>
</ul>



Photo: Shutterstock

Government

Regulations

FANG

Trump's Sanctions On Russia Spark Oil Rally: 10 Energy Stocks Take Off

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/TSLA">TSLA</a>) shares are trading lower on Thursday on the heels of the company&#8217;s third-quarter results, which were released after the market close on Wednesday. Here&#8217;s a look at what <a href="https://www.benzinga.com/markets/earnings/25/10/48367296/tesla-q3-highlights-record-ev-deliveries-falling-profits-ai-ambitions-ahead">you need to know</a>. 



<ul class="wp-block-list">
<li>TSLA is feeling the pressure from bearish momentum.&nbsp;<a href="https://www.benzinga.com/quote/TSLA" target="_blank" rel="noreferrer noopener">Get the complete picture here.</a></li>
</ul>



What To Know: Tesla reported third-quarter revenue of $28.10 billion, beating analyst estimates of $26.24 billion, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. The company reported third-quarter adjusted earnings of 50 cents per share, missing estimates of 54 cents per share. 



Total revenue increased 12% year-over-year as automotive revenue climbed 6% year-over-year to $21.2 billion. Tesla said it produced 447,450 vehicles in the third quarter and delivered 497,099 vehicles with growth across all regions. 



Shares moved lower when the report was released and continued to move lower during the earnings call as CEO Elon Musk talked about Tesla's AI strategy, including Optimus and the company&#8217;s robotaxi vision. Musk also used some of the call to urge investors to vote for his proposed <a href="https://www.benzinga.com/markets/tech/25/10/48346457/gary-black-expects-overwhelming-approval-for-elon-musks-trillion-dollar-pay-package-amid-proxy-advisor-opposition">compensation package</a>.



Tesla said in the third-quarter report that it faces near-term uncertainty due to shifting trade, tariff and fiscal policy, but noted that the company is focused on long-term growth and value creation. 



&#8220;We are prudently making the necessary investments in our business, including future business lines, that we believe will drive incredible value for Tesla and the world across transport, energy and robotics,&#8221; the company said. 



&#8220;We believe our scale and cost structure will enable us to navigate the shifting market dynamics across the globe more effectively than our peers, with advances in AI making our products the most compelling in the market.&#8221;



Tesla&#8217;s Cybercab, Semi and Megapack 3 are currently on track for volume production next year. Tesla also said its first-gen production lines for Optimus are being installed in anticipation of volume production.



Following Tesla&#8217;s quarterly results, Cantor Fitzgerald analyst Andres Sheppard maintained an <a href="https://www.benzinga.com/analyst-stock-ratings">Overweight rating</a> and raised the price target from&nbsp;$355&nbsp;to&nbsp;$510. Needham analyst Chris Pierce also reiterated Tesla with a Hold rating.



TSLA Price Action: <a href="http://benzinga.com/quote/TSLA">Tesla shares</a> were down 3.36% at $424.23 at the time of publication on Thursday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. Despite Thursday&#8217;s decline, the stock is still up more than 100% over a one-year period.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/10/48376541/not-just-taiwan-semiconductor-elon-musk-to-also-rely-on-samsung-for-teslas-ai-chips">Not Just Taiwan Semiconductor: Elon Musk To Also Rely On Samsung For Tesla&#8217;s AI Chips</a></li>
</ul>



Photo: courtesy of Tesla.

Tesla Stock Is Trading Lower Thursday: What's Driving The Action?

Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/HON">HON</a>) on Thursday reported&nbsp;third-quarter&nbsp;2025 results&nbsp;that beat Wall Street expectations and raised its <a target="_blank" href="https://www.benzinga.com/pressreleases/25/10/n48374341/honeywell-reports-third-quarter-results-updates-2025-guidance" rel="noreferrer noopener">full-year earnings and sales&nbsp;outlook</a>.



<h2 class="wp-block-heading">Details</h2>



The company posted adjusted earnings of&nbsp;$2.82 per share, topping&nbsp;<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">analysts&#8217; estimates of&nbsp;$2.57</a>.



Revenue for the quarter rose&nbsp;7%&nbsp;year over year (Y/Y) to&nbsp;$10.41 billion, beating expectations of&nbsp;$10.14 billion.



Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/25/10/48372235/dow-dips-over-300-points-amid-trade-concerns-investor-fear-increases-greed-index-remains-in-fear-zone" rel="noreferrer noopener">Dow Dips Over 300 Points Amid Trade Concerns: Investor Fear Increases, Greed Index Remains In &#8216;Fear&#8217; Zone</a>



Organic sales increased 6% Y/Y, aided by double-digit growth in commercial aftermarket and defense and space.



Operating income declined 6%&nbsp;Y/Y, and segment profit increased 5%&nbsp;to&nbsp;$2.4 billion. This was led by strength in Energy and Sustainability Solutions and Building Automation segments.



The operating margin contracted 220&nbsp;basis points to&nbsp;16.9%&nbsp;and segment margin contracted 50&nbsp;basis points to&nbsp;23.1%.



Operating cash flow was&nbsp;$3.3&nbsp;billion, up 65%&nbsp;Y/Y, and free cash flow was&nbsp;$1.5&nbsp;billion, down&nbsp;16%&nbsp;Y/Y in the quarter.



<h2 class="wp-block-heading">Segment Performance</h2>



Segment results were mixed. Aerospace Technologies generated&nbsp;$4.51 billion&nbsp;in sales, up&nbsp;12% Y/Y&nbsp;organically. However, segment margins declined 160 basis points due to cost inflation and recent acquisitions.



Building Automation posted&nbsp;$1.88 billion&nbsp;in sales with&nbsp;7% Y/Y&nbsp;organic growth and an 80&nbsp;basis-point margin expansion led by volume leverage and strong commercial operation.



Industrial Automation reported&nbsp;$2.27 billion&nbsp;in sales, up 1% Y/Y on an organic basis. However, segment margins contracted 150 basis points Y/Y due to cost inflation.



Energy and Sustainability Solutions recorded&nbsp;$1.74 billion&nbsp;in sales, down 2% Y/Y&nbsp;organically. UOP sales fell 13% Y/Y due to expected licensing delays and weak catalyst shipment volumes. However, segment margins remained flat Y/Y in the quarter.



<h2 class="wp-block-heading">Outlook</h2>



Honeywell raised its 2025 adjusted EPS guidance&nbsp;to&nbsp;$10.60 &#8211; $10.70 from&nbsp;$10.45 &#8211; $10.65,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">versus the consensus of&nbsp;$10.54</a>.



However, the company lowered its full-year sales&nbsp;outlook&nbsp;to&nbsp;$40.7 billion-$40.9 billion, from&nbsp;$40.8 billion-$41.3 billion, versus a consensus of&nbsp;$40.84 billion.



Honeywell now expects operating cash flow to be between&nbsp;$6.4 billion-$6.8 billion (versus $6.7 billion-$7.1 billion prior), and free cash flow of $5.2 billion-$5.6 billion (versus $5.4 billion&nbsp;and&nbsp;$5.8 billion prior).



Excluding the Bombardier settlement, it forecasts&nbsp;5% organic sales growth, segment margin&nbsp;down 40 to 30 basis points, and adjusted EPS&nbsp;up about 3% for the year.



<h2 class="wp-block-heading">Management Commentary</h2>



Vimal Kapur, chairman and chief executive officer of Honeywell, stated, &#8220;Increased orders across our business segments pushed the company&#8217;s total backlog to another record high and reinforced the benefit of the new, innovative solutions we are delivering for customers. All of this translated to us exceeding the high end of our guidance for both organic growth and adjusted earnings per share in the quarter.&#8221;



<h2 class="wp-block-heading">Portfolio Restructuring</h2>



Honeywell disclosed an updated business segment structure in <a target="_blank" href="https://www.benzinga.com/pressreleases/25/10/n48366682/honeywell-announces-updated-business-segment-structure-ahead-of-aerospace-spin-off" rel="noreferrer noopener">preparation for two upcoming separations</a>.



Effective January 1, 2026, Honeywell will adopt a new structure for its reporting segments: Aerospace Technologies, Building Automation, Industrial Automation, and Process Automation and Technology.



Notably, the company plans to spin off its Solstice Advanced Materials business by October 30, 2025, followed by the planned separation of its Aerospace Technologies business <a target="_blank" href="https://www.benzinga.com/news/earnings/25/02/43526541/honeywell-q4-earnings-revenue-and-eps-beat-pursues-planned-split-into-3-public-companies-by-2026" rel="noreferrer noopener">in the second half of 2026</a>.



Investors can gain exposure to the stock via Themes Transatlantic Defense ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/NATO">NATO</a>) and&nbsp;EA Series Trust Castellan Targeted Income ETF (BATS:<a class="ticker" href="https://www.benzinga.com/quote/CTIF">CTIF</a>).



Price Action: HON shares were trading higher by 4.17% to $215.23 premarket at last check Thursday.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/large-cap/25/10/48096875/honeywell-partners-with-ls-electric-to-boost-data-center-power-efficiency" target="_blank" rel="noreferrer noopener">Honeywell Partners With LS Electric To Boost Data Center Power Efficiency</a></li>
</ul>



Photo by josefkubes via Shutterstock

Guidance

CTIF

NATO

Honeywell Bets On Growth With New Segment Strategy And Spin-Off Plans

Editor&#8217;s Note: The future prices of benchmark tracking ETFs and the latest earnings results were updated in the story.<div><span style="color: rgb(29, 28, 29); font-family: Slack-Lato, Slack-Fractions, appleLogo, sans-serif; font-size: 15px; font-variant-ligatures: common-ligatures; white-space-collapse: collapse; background-color: rgb(248, 248, 248);"></div>



U.S. stock futures were swinging on Thursday following Wednesday&#8217;s declines. Futures of major benchmark indices were lower.



A wave of disappointing earnings guidance and escalating U.S.-China trade tensions rattled investor confidence. The Donald Trump administration is considering <a href="https://www.benzinga.com/markets/equities/25/10/48361096/trump-mulls-tech-export-crackdown-on-china-these-10-stocks-are-sinking">new restrictions on exports to China</a> that would target products either made with or containing U.S.-developed software. 



Additionally, the administration is reportedly in talks with several U.S. <a href="https://www.benzinga.com/markets/tech/25/10/48371538/trump-administration-reportedly-exploring-taking-stakes-in-quantum-computing-companies-ionq-rigetti-and-d-wave-discussing-move">quantum computing companies</a> to take ownership stakes in exchange for federal funding. 



Meanwhile, the 10-year Treasury bond yielded 3.98% and the two-year bond was at 3.46%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 96.7% likelihood of the Federal Reserve cutting the current interest rates in its October meeting. 



<div class="wp-block-group is-layout-constrained wp-block-group-is-layout-constrained">
<div class="wp-block-columns is-layout-flex wp-container-core-columns-is-layout-1 wp-block-columns-is-layout-flex">
<div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow" style="flex-basis:100%">
<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Futures</td><td>Change (+/-)</td></tr><tr><td>Dow Jones</td><td>-0.25%</td></tr><tr><td>S&amp;P 500</td><td>-0.03%</td></tr><tr><td>Nasdaq 100</td><td>-0.01%</td></tr><tr><td>Russell 2000</td><td>0.37%</td></tr></tbody></table></figure>
</div>
</div>
</div>



The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SPY">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/QQQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell in premarket on Thursday. The SPY was down 0.18% at $666.59, while the QQQ declined 0.32% to $603.55, according to <a href="http://pro.benzinga.com/dashboard">Benzinga Pro</a> data.



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Tesla Q3 Highlights: Record Deliveries, Falling Profits, AI Ambitions &#x7C; Stock Market News Today" width="500" height="281" src="https://www.youtube.com/embed/IDq7D6ZBbb0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



<h2 class="wp-block-heading">Stocks In Focus</h2>



<h2 class="wp-block-heading">Tesla</h2>



<ul class="wp-block-list">
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/TSLA">TSLA</a>) fell 4.07% in premarket on Thursday after reporting better-than-expected revenue for the third quarter, while earnings missed estimates.</li>
</ul>



<ul class="wp-block-list">
<li>TSLA maintained a stronger price trend over the short, medium, and long terms, with a poor value ranking, as per Benzinga&#8217;s Edge Stock Rankings. Additional performance details are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>.</li>
</ul>



<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="158" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23052949/TSLA-EDGE-OCT-23-1024x158.png" alt="Benzinga's Edge Stock Rankings for TSLA." class="wp-image-1127518" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23052949/TSLA-EDGE-OCT-23-1024x158.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23052949/TSLA-EDGE-OCT-23-300x46.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23052949/TSLA-EDGE-OCT-23-768x119.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23052949/TSLA-EDGE-OCT-23.png 1153w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



<h2 class="wp-block-heading">International Business Machines</h2>



<ul class="wp-block-list">
<li>International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/IBM">IBM</a>) dropped 6.82% despite reporting better-than-expected financial results for the third quarter after the market closed on Wednesday. IBM also said it now expects constant currency revenue growth of &#8220;more than&#8221; 5% for full-year 2025, up from prior guidance of &#8220;at least&#8221; 5%.</li>
</ul>



<ul class="wp-block-list">
<li>Benzinga&#8217;s Edge Stock Rankings indicate that IBM had a stronger price trend over the short, medium, and long terms, with a strong quality score. Additional performance details are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="153" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23052921/IBM-EDGE-OCT-23-1024x153.png" alt="Benzinga's Edge Stock Rankings for IBM." class="wp-image-1127515" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23052921/IBM-EDGE-OCT-23-1024x153.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23052921/IBM-EDGE-OCT-23-300x45.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23052921/IBM-EDGE-OCT-23-768x115.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23052921/IBM-EDGE-OCT-23.png 1144w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



<h2 class="wp-block-heading">American Airlines Group</h2>



<ul class="wp-block-list">
<li>American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AAL">AAL</a>) rose 5.21% after reporting third-quarter revenue of $13.7 billion, beating the analyst estimate of $13.63 billion and earnings loss of 17 cents per share, better than the expected loss of 28 cents, as per Benzinga Pro.<div><span style="color: rgb(29, 28, 29); font-family: Slack-Lato, Slack-Fractions, appleLogo, sans-serif; font-size: 15px; font-variant-ligatures: common-ligatures; white-space-collapse: collapse; background-color: rgb(248, 248, 248);"></div></li>
</ul>



<ul class="wp-block-list">
<li>AAL maintained a strong price trend over the medium term but a weaker trend in the short and long terms, with a moderate growth ranking, as per Benzinga&#8217;s Edge Stock Rankings. Additional information is <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="155" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23052856/AAL-EDGE-1024x155.png" alt="Benzinga's Edge Stock Rankings for AAL." class="wp-image-1127514" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23052856/AAL-EDGE-1024x155.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23052856/AAL-EDGE-300x45.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23052856/AAL-EDGE-768x116.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23052856/AAL-EDGE.png 1159w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



<h2 class="wp-block-heading">Medpace Holdings</h2>



<ul class="wp-block-list">
<li>Medpace Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MEDP">MEDP</a>) surged 18.52% after it reported third-quarter revenue of $659.9 million and earnings of $3.86 per share, both surpassing analyst estimates.</li>
</ul>



<ul class="wp-block-list">
<li>Benzinga&#8217;s Edge Stock Rankings indicate that MEDP maintains a stronger price trend over the short, medium, and long terms, with a robust quality ranking. Additional performance details are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="155" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23052807/MEDP-EDGE-1024x155.png" alt="Benzinga's Edge Stock Rankings for MEDP." class="wp-image-1127512" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23052807/MEDP-EDGE-1024x155.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23052807/MEDP-EDGE-300x45.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23052807/MEDP-EDGE-768x116.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23052807/MEDP-EDGE.png 1155w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



<h2 class="wp-block-heading">Ford Motor</h2>



<ul class="wp-block-list">
<li>Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/F">F</a>) shares were down 6.82% as it is scheduled to report earnings after the closing bell. Analysts expect earnings of 36 cents per share on revenue of $43.08 billion.</li>
</ul>



<ul class="wp-block-list">
<li>Ford maintained a stronger price trend over short, medium, and long terms, with a strong value ranking. Additional performance details, as per Benzinga&#8217;s Edge Stock Rankings, are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="158" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23052752/F-EDGE-1024x158.png" alt="Benzinga's Edge Stock Rankings for F." class="wp-image-1127511" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23052752/F-EDGE-1024x158.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23052752/F-EDGE-300x46.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23052752/F-EDGE-768x119.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/23052752/F-EDGE.png 1146w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



<h2 class="wp-block-heading">Cues From Last Session</h2>



Most sectors on the S&amp;P 500 closed on a negative note, with communication services, industrials, and consumer discretionary stocks recording the biggest losses on Wednesday.



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Index</td><td>Performance (+/-)</td><td>Value</td></tr><tr><td>Nasdaq Composite</td><td>-0.93%</td><td>22,740.40</td></tr><tr><td>S&amp;P 500</td><td>-0.53%</td><td>6,699.40</td></tr><tr><td>Dow Jones</td><td>-0.71%</td><td>46,590.41</td></tr><tr><td>Russell 2000</td><td>-1.45%</td><td>2,451.55</td></tr></tbody></table></figure>



<h2 class="wp-block-heading">Insights From Analysts</h2>



Mike Wilson, Morgan Stanley's CIO and chief U.S. equity strategist, issued a bold directive toward the Federal Reserve, arguing the central bank is &#8220;behind the curve&#8221; and must deliver &#8220;meaningful&#8221; rate cuts.



In a conversation with <a href="https://www.youtube.com/watch?v=l_oFW3Tk2U8">CNBC</a>, Wilson contended the Fed is trailing the two-year Treasury yield by 75 to 85 basis points, which is &#8220;just three cuts to get to neutral.&#8221; To truly get &#8220;ahead of the curve,&#8221; he believes the Fed needs to cut by 150 basis points or more. 



He argued the Fed is waiting for a clear signal to act. &#8220;The only way they&#8217;re going to do that is if we get weaker labor data, which I think is probably forthcoming, or we get some sort of bond volatility,&#8221; Wilson said.



This aggressive rate-cut stance supports Wilson&#8217;s broader, contrarian thesis that the economy is not &#8220;late cycle,&#8221; but has already transitioned into an &#8220;early cycle new recovery.&#8221; He dismissed recent volatility, pointing to market fundamentals as proof of a new cycle. &#8220;The stock market is smarter than all of us,&#8221; Wilson stated, adding that &#8220;earnings revisions now have really exploded higher in a way they only do in a new economic cycle.&#8221;



See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>



<h2 class="wp-block-heading">Upcoming Economic Data</h2>



Here's what investors will be keeping an eye on Thursday;



<ul class="wp-block-list">
<li>The initial jobless claims data for the latest week will be delayed because of the impending shutdown. Existing home sales for September will be out by 10:00 a.m. ET.</li>
</ul>



<ul class="wp-block-list">
<li>Fed Vice Chair for Supervision Michelle Bowman will testify before the Senate Banking, Housing, and Urban Affairs Committee at 10:00 a.m., and Fed Governor Michael Barr will speak at 10:25 a.m. ET.</li>
</ul>



<h2 class="wp-block-heading">Commodities, Gold, Crypto, And Global Equity Markets</h2>



Crude oil futures were trading higher in the early New York session by 5.220% to hover around $61.54 per barrel.



Gold Spot US Dollar rose 0.38% to hover around $4,114.22 per ounce. Its last record high stood at $4,381.6 per ounce. The U.S. Dollar Index spot was 0.16% higher at the 99.0560 level.



Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was trading 1.16% higher at $109,323.15 per coin.



Asian markets closed higher on Thursday, except South Korea's Kospi and Japan's Nikkei 225 indices. India&#8217;s NIFTY 50, Hong Kong's Hang Seng, Australia's ASX 200, and China&#8217;s CSI 300 rose. European markets were mixed in early trade.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/commodities/25/10/48373194/jim-cramer-says-sell-gold-analyst-tavi-costa-disagrees-citing-gold-to-silver-ratio">Jim Cramer Says &#8216;Sell Gold&#8217;—Analyst Tavi Costa Disagrees, Citing Gold-To-Silver Ratio</a></li>
</ul>



Photo courtesy: Shutterstock

MEDP

Stock Market Today: Dow Jones, S&P 500 Futures Slide Amid US-China Trade Tensions—Tesla, IBM, American Airlines In Focus (UPDATED)

The Symbol SNVPE was not found. Here are some similar symbols and popular symbols to consider.

SNVPE Page Not Found - Benzinga

SYMBOL SIMILAR TO: SNVPE

TOP GAINING STOCKS

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL