Stock Market Today - Dow Rallies 553pts as GOOGL, INTEL Stock, NVDA, F Power Nasdaq & S&P 500 Higher

Stocks Surge as Softer Inflation Reinforces Fed Easing Path

U.S. equities rallied strongly into the weekend as the latest September Consumer Price Index (CPI) confirmed that inflation remains contained, giving the Federal Reserve ample room to continue cutting rates. The Dow Jones Industrial Average (^DJI) soared 553 points (+1.18%) to 47,288.37, while the S&P 500 (^GSPC) advanced 0.94% and the Nasdaq Composite (^IXIC) climbed 1.3%, marking new record highs for all three indices.
Headline CPI came in at 3.0% year-over-year, below the expected 3.1%, and 0.3% month-over-month, signaling a continued cooling trend. Core CPI, excluding food and energy, rose just 0.2%, suggesting disinflation remains intact. Traders have now priced in 99% odds of a quarter-point cut next week and 96% odds of an additional move in December, solidifying the market’s belief in a dovish Fed through year-end.

Financials Lead the Charge as Treasury Yields Stabilize

The decline in yields to multi-month lows provided a powerful tailwind for financials and cyclicals. The 10-year Treasury yield (^TNX) steadied below 4.00%, and the 30-year (^TYX) hovered near 4.6%, a clear sign of renewed investor appetite for duration.
Banking stocks surged as investors bet on stronger lending volumes under looser monetary policy. JPMorgan Chase & Co. (NYSE:JPM) rose 2.6% to $302.19, followed by Wells Fargo (NYSE:WFC) and Citigroup (NYSE:C), both up over 2%. Broader financial sentiment lifted Goldman Sachs (NYSE:GS) and Bank of America (NYSE:BAC) as well, both rallying close to 2%.
Optimism extended across industrials, with the Dow Jones Industrial Average (^DJI) recording its fifth consecutive weekly gain, underscoring the resilience of risk appetite amid a government data blackout that had delayed key macro indicators.

Tech Stocks Drive Momentum: Alphabet, Intel and Nvidia in Focus

Tech leadership once again defined the session. Alphabet Inc. (NASDAQ:GOOGL) climbed 2.9% to $261.08 after announcing an expanded partnership with Anthropic, supplying up to one million Tensor Processing Units (TPUs). Analysts now estimate the value of Google’s TPU and DeepMind divisions at roughly $900 billion, highlighting AI’s rising weight within Alphabet’s valuation.
Intel Corporation (NASDAQ:INTC) extended its winning streak following an exceptional Q3 print, posting $13.7 billion in revenue and $0.23 EPS, smashing forecasts of $13.15 billion and $0.01 respectively. CEO Lip-Bu Tan emphasized AI’s role in driving compute demand and reaffirmed that manufacturing restructuring remains on track. Intel shares gained further momentum as the stock attempts to reclaim 2025 highs above $38.
Meanwhile, Nvidia (NASDAQ:NVDA) continued to trade firmly higher ahead of next week’s results, reflecting the sector’s conviction that AI infrastructure demand will remain the dominant investment theme through 2026.

Corporate Earnings Upswing Adds Fuel to the Market

The ongoing earnings season has surpassed expectations. Ford Motor Company (NYSE:F) soared 10.3% to $13.61 after beating consensus estimates and confirming that the Novelis aluminum plant, hit by a fire earlier this year, will reopen sooner than projected. While Ford guided for a $1.5–$2.0 billion EBIT headwind in 2025, management expects to offset at least $1 billion by 2026 through operational recovery. The company’s robust demand for F-150 pickups and SUVs underpins long-term stability despite short-term disruptions.
International Business Machines (NYSE:IBM) rallied 8.0% to $307.86, supported by expanding AI orders and strong service margins. Analysts from major firms maintained Buy ratings, citing IBM’s $9.5 billion GenAI backlog, up from $7.5 billion, as evidence of accelerating enterprise adoption.
Procter & Gamble (NYSE:PG) delivered $1.99 EPS on $22.39 billion in revenue, topping consensus and proving resilient consumer demand across beauty and grooming. The firm reaffirmed full-year guidance as CEO Jon Moeller emphasized disciplined pricing strategy and steady global demand despite tighter household budgets

Energy Markets React to Russian Sanctions as Oil Prices Spike

Crude oil rallied sharply following new U.S. sanctions targeting Russia’s Rosneft PJSC and Lukoil PJSC, triggering expectations of supply disruptions. West Texas Intermediate (CL=F) climbed 0.71% to $62.23, while Brent (BZ=F) settled above $65.99, marking the largest weekly gain since June.
Russia’s crude flows to India are projected to plunge, while Chinese refiners have temporarily halted some purchases, tightening global supply just as demand expectations strengthen. Kuwait’s oil minister signaled OPEC’s readiness to boost output if required but warned that prices could climb further under ongoing geopolitical constraints. Energy equities mirrored the move, pushing the S&P Energy Index up more than 3% for the week.

Corporate Movers: Sanofi, Deckers, and Beyond Meat Shift the Narrative

Sanofi (NASDAQ:SNY) advanced 4.24% to $51.62 after strong Q3 results driven by its asthma drug Dupixent, offsetting weaker vaccine sales. Management acknowledged “negative buzz” around vaccinations, particularly in the U.S. and Germany, where rates declined 17% year-over-year.
Deckers Outdoor Corporation (NYSE:DECK) slumped 12.34% to $89.88 after forecasting weaker guidance due to tariff impacts that could cost $150 million annually. The company plans strategic price increases and cost-sharing with partners to mitigate roughly half of those expenses.
In the speculative corner, Beyond Meat (NASDAQ:BYND) remained volatile after a four-day surge exceeding 1,000%, fueled by a short-seller squeeze. The rebound has reversed part of the prior year’s losses but remains vulnerable as fundamentals lag hype.

AI, Quantum, and Crypto Stocks Gain as Government Support Expands

The administration’s strategy to take equity stakes in quantum computing companies sparked rallies across small-cap tech. IonQ (NYSE:IONQ) jumped 3.85% to $61.65, while Rigetti Computing (NASDAQ:RGTI) and Quantum Computing Inc. (NASDAQ:QUBT) also climbed. Analysts see this as a strategic play to secure national interests in advanced computing amid rising U.S.-China tensions.
Crypto-linked equities also joined the risk rally. Coinbase Global (NASDAQ:COIN) rose 3% after a JPMorgan upgrade to “overweight,” citing new subscription and decentralized finance initiatives. Bitcoin (BTC-USD) held above $110,000, reinforcing the market’s risk-on tone as institutional flows remain steady.

Oil and Gold Strengthen as Safe-Haven and Supply Themes Converge

Gold (GC=F) gained over 1%, recovering from a two-week slide as investors sought balance between equity euphoria and geopolitical risk. Analysts highlighted that despite record equity valuations, hedging demand persists amid uncertainty around trade negotiations and sanctions.
Crude’s rebound, driven by Russian export restrictions and firm global demand, supported commodity-linked equities, while ExxonMobil (NYSE:XOM) and Chevron (NYSE:CVX) advanced more than 2% each.

Macroeconomic Outlook and Sentiment Indicators

The University of Michigan Consumer Sentiment Index dipped to 53.6, missing forecasts of 54.9, but inflation expectations at the one-year horizon eased to 4.6%, the lowest since July. The five-year outlook, however, ticked up to 3.9%, suggesting consumers remain cautious even amid improving real wage growth.
Rising optimism in corporate earnings has offset macro concerns. Roughly 30% of the S&P 500 has reported so far, with 87% beating earnings expectations and 82% surpassing revenue estimates — the highest double-beat rate since 2021. Overall, S&P 500 earnings are now on track to rise 10.4% year-over-year, underscoring the economy’s surprising resilience despite high debt levels and ongoing policy uncertainty.

Overall Market View: Bullish Bias Retained, Fed in Focus

Equity momentum remains firmly bullish as the disinflation narrative aligns with strong corporate profitability and revived risk appetite. With rate-cut probabilities exceeding 95%, liquidity conditions are poised to improve, supporting valuations across technology, industrial, and financial sectors.
Short-term resistance for the S&P 500 (^GSPC) stands near 5,720, with support at 5,550, while the Nasdaq (^IXIC) eyes a potential breakout above 17,600.
Despite elevated valuations, breadth remains healthy, and the earnings cycle suggests sustainable momentum into Q4

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