Yahoo Finance·2025-12-05 21:34Economic Indicators - The University of Michigan's December 1-year inflation expectations eased to 4.1%, down from 4.5%, marking the smallest increase in 11 months [2] - The September core PCE price index rose by +0.3% month-over-month and +2.8% year-over-year, aligning with expectations [3] - Personal spending in September increased by +0.3% month-over-month, while personal income rose by +0.4%, exceeding expectations of +0.3% [3] Stock Market Performance - Stock indexes rose on Friday, with the S&P 500 reaching a 5-week high, the Nasdaq 100 hitting a 1-month high, and the Dow Jones Industrial Average achieving a 3-week high [5] - The S&P 500 Index closed up by +0.19%, the Dow Jones by +0.22%, and the Nasdaq 100 by +0.43% [6] - Market sentiment is optimistic due to favorable economic outlook and expectations of Fed rate cuts, with a 95% chance of a -25 basis point cut at the next FOMC meeting [6] Corporate Earnings - Q3 earnings for S&P 500 companies rose by +14.6%, significantly surpassing expectations of +7.2%, with 83% of companies exceeding forecasts [7] - Rubrick reported Q3 total revenue of $350.2 million, above the consensus of $320.5 million, and raised its 2026 revenue forecast to $1.28 billion [13] - Ulta Beauty's Q3 net sales reached $2.86 billion, exceeding the consensus of $2.71 billion, prompting an increase in its full-year sales forecast [14] Notable Stock Movements - Micron Technology and GlobalFoundries saw gains of more than +4% and +3% respectively, contributing to overall market strength [11] - Netflix's acquisition of Warner Bros Discovery for approximately $72 billion led to a +6% increase in Warner Bros Discovery's stock [15] - Parsons Corp experienced a significant decline of more than -21% after losing a contract for a new air traffic control system [17]