Traders enactment connected the level astatine the New York Stock Exchange (NYSE) successful New York City, U.S., Oct. 22, 2025.
Brendan McDermid | Reuters
Stock futures are small changed Thursday nighttime up of a cardinal ostentation print.
Futures tied to the Dow Jones Industrial Average fell 18 points, oregon 0.04%. S&P futures ticked up 0.06%, portion Nasdaq 100 futures added astir 0.2%.
In after-hours trading, Intel shares popped 7% aft the chipmaker reported third-quarter income that exceeded analysts' estimates. Target shares roseate marginally aft the retailer announced it would slash its firm workforce by 8%, marking its archetypal large layoff successful a decade. Applied Materials and Rivian besides announced layoffs.
The 3 large U.S. indexes ended the erstwhile league higher, driven by inflows into tech stocks and bullish sentiment heading into the vigor of third-quarter net season. The S&P 500 roseate astir 0.6%, portion the Dow Jones Industrial Average gained 144 points, oregon 0.3%. The tech-heavy Nasdaq Composite outperformed, closing the time 0.9% higher arsenic heavyweight AI stocks specified arsenic Nvidia and Oracle got a boost.
Investors are awaiting Friday's merchandise of the September user terms scale report, which could beryllium a market-moving lawsuit fixed the deficiency of national data being released amid the ongoing U.S. authorities shutdown. Wall Street volition beryllium watching for immoderate signs of ostentation cooling oregon getting hotter, and if tariffs are affecting user prices.
The CPI, which was expected to beryllium released Oct. 15, volition beryllium the past economical speechmaking earlier the Federal Reserve's October gathering adjacent week. Markets wide expect the Fed to little involvement rates by different 4th percent point.
"Markets stay cautious, arsenic the deficiency of cleanable economical information adds uncertainty for some the Fed and investors," said Vishal Khanduja, caput of wide markets fixed income astatine Morgan Stanley Investment Management. "Until much reliable information emerges, the Fed is apt to adhere to market-priced expectations, though Friday's CPI should supply greater clarity. The interaction of tariffs creeping into ostentation volition beryllium key."
Stocks are connected gait to notch play gains, aft Thursday's moves erased Wednesday's losses. The S&P 500 is tracking for a 1.1% gain, portion the Nasdaq and the 30-stock Dow are up astir 1.2% week to date.
Google and Anthropic denote multibillion dollar unreality deal
AI institution Anthropic and Google officially announced their unreality concern Thursday successful a woody worthy tens of billions of dollars.
The deal, which marks Google's largest TPU committedness to date, gives Anthropic entree to up to 1 cardinal of Google's custom-designed Tensor Processing Units, oregon TPUs, and is expected to bring good implicit a gigawatt of AI compute capableness online successful 2026. The concern volition adhd implicit a gigawatt of compute capableness by 2026, supporting Anthropic's surging $7 cardinal gross tally rate.
Google banal show implicit the past year.
Intel, Ford, Deckers, Newmont among stocks moving aft Thursday's close
Check retired the companies making headlines successful after-hours trading:
- Alphabet — Shares of hunt motor elephantine Alphabet ticked 1% higher after Anthropic and Google officially announced their unreality partnership Thursday. The deal, worthy tens of billions of dollars, gives Anthropic entree up to 1 cardinal of Google's custom-designed Tensor Processing Units, oregon TPUs.
- Ford Motor — Shares of the Detroit automaker jumped 4% successful after-hours trading. Ford Motor's third-quarter net results exceeded Wall Street's expectations, but the institution lowered its full-year guidance owed to impacts of a occurrence astatine an aluminum supplier. Ford reported adjusted net per stock of 45 cents connected gross of $47.19 billion, portion analysts polled by LSEG expected net of 36 cents per stock connected gross of $43.08 billion.
- Target — Shares of the discount retailer roseate little than 1% after announcing it would chopped its firm workforce by 8%. The action, which impacts astir 1,800 jobs, is its archetypal large layoff successful a decade.
- Intel — Intel shares jumped astir 7% aft the chipmaker posted third-quarter income that bushed analysts' estimates, spurring optimism that request for the company's halfway x86 processors for PCs has recovered. Intel, whose apical shareholder is the U.S. authorities aft the Trump medication took a 10% involvement successful August, reported 23 cents per stock successful net aft adjustments. Revenue came retired astatine $13.65 billion, higher than the $13.14 cardinal estimated by analysts, according to LSEG.
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— Pia Singh
English (US) ·