Stock Market News·2025-10-24 14:07Market Overview - U.S. equities opened with significant gains, leading major indexes to record highs, driven by a positive reaction to the September inflation report [1][10] - The Dow Jones Industrial Average (DJIA) rose by 267 points (0.6%), while the S&P 500 (SPX) increased by 0.8%, and the Nasdaq Composite (IXIC) climbed 1% [2] Economic Data - The September Consumer Price Index (CPI) report indicated a year-over-year increase of 3.0%, slightly below the expected 3.1%, and a monthly rise of 0.3% [3][4] - The CPI data is crucial as it precedes the Federal Reserve's policy meeting, with expectations for a 25-basis-point interest rate cut [4] Corporate Earnings - Procter & Gamble (PG) stock rose 2% after better-than-expected quarterly results, with earnings per share forecasted at $1.90 [7] - Intel (INTC) shares surged approximately 6% following strong third-quarter results, reporting a profit of $0.23 per share and a revenue increase of 3% to $13.7 billion [7] - Ford Motor (F) saw a revenue jump of 9% to $50.5 billion, exceeding expectations, although it lowered its 2025 adjusted earnings outlook due to a factory fire [7] Corporate News - Target (TGT) and Applied Materials (AMAT) shares increased slightly after announcing layoffs, viewed as cost-cutting measures [7] - President Donald Trump announced the termination of trade negotiations with Canada, potentially impacting North American trade relations [9] Upcoming Events - The economic calendar includes the purchasing managers' index (PMI) report and the University of Michigan consumer sentiment report, which will provide insights into manufacturing and consumer confidence [5]