US open: Stocks higher following September CPI reading
By Iain Gilbert
Date: Friday 24 Oct 2025
(Sharecast News) - Major indices opened higher on Friday as traders digested September's consumer price inflation report.
As of 1440 BST, the Dow Jones Industrial Average was up 0.56% at 46,996.35, while the S&P 500 advanced 0.71% to 6,786.55, and the Nasdaq Composite came out of the gate 0.96% firmer at 23,162.05.
The Dow opened 261.74 points higher on Friday, extending gains recorded in the previous session, driven by inflows into tech stocks and some solid third-quarter earnings.
Friday's primary focus was set to be September's CPI report, which revealed US consumer prices increased in September, according to the Bureau of Labor Statistics. Headline CPI rose 0.3% month-on-month, down from 0.4% in August, while the annual rate rose from 2.9% to 3%, the highest it's been since January, with food index being the largest contributor to the monthly increase, while energy prices rose 2.8%. Core CPI, which strips out volatile food and energy prices, actually slowed from 3.1% to 3%.
The Federal Reserve's preferred inflation gauge was seen as being particularly important this month, given the lack of federal data being released amid the ongoing government shutdown. September's CPI, which was originally scheduled to be released on 15 October, will be the last piece of economic data released before the Federal Reserve's two-day policy meeting next week, with market participants widely expecting the central bank to lower its benchmark overnight interest rate by another 25 basis points.
Elsewhere on the data front, a preliminary reading of S&P Global's manufacturing and services PMIs will be released at 1445 BST, while the University of Michigan's consumer sentiment index will follow at 1500 BST.
In the corporate space, Intel reported a quarterly earnings beat in its first earnings report since the White House took up a 10% stake in the company, while Ford said quarterly profits had grown the back of strong sales, but lowered its full-year sales guidance as it warned a first at an aliminium factory would weigh on profits.
Procter & Gamble posted first-quarter earnings and revenue that came in ahead of analysts' expectations, buoyed by higher demand for its beauty and grooming products, and reiterated its full-year guidance despite higher costs from tariffs and a "challenging consumer and geopolitical environment", while Sanofi reported third-quarter profits that beat forecasts, boosted by demand for its asthma drug Dupixent, offsetting declines in sales of its flu and Covid vaccines.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Dow Chemical Co. (DOW) $24.51 12.95%
Intel Corp. (INTC) $38.16 3.36%
3M Co. (MMM) $171.60 2.61%
Caterpillar Inc. (CAT) $520.50 1.28%
Nike Inc. (NKE) $69.68 0.87%
American Express Co. (AXP) $354.51 0.83%
Goldman Sachs Group Inc. (GS) $750.77 0.83%
Chevron Corp. (CVX) $156.76 0.64%
Boeing Co. (BA) $217.77 0.54%
Apple Inc. (AAPL) $259.58 0.44%
Dow Jones - Fallers
Verizon Communications Inc. (VZ) $38.40 -3.52%
Coca-Cola Co. (KO) $69.94 -1.23%
Amgen Inc. (AMGN) $292.89 -1.04%
Home Depot Inc. (HD) $385.03 -1.01%
McDonald's Corp. (MCD) $306.81 -1.01%
International Business Machines Corporation (CDI) (IBM) $285.00 -0.87%
Salesforce.Com Inc. (CRM) $255.05 -0.62%
Cisco Systems Inc. (CSCO) $70.27 -0.55%
Merck & Co. Inc. (MRK) $87.19 -0.49%
Unitedhealth Group Inc. (UNH) $360.45 -0.29%
S&P 500 - Risers
CenturyLink Inc. (LUMN) $7.79 10.65%
Helmerich & Payne Inc. (HP) $25.65 9.37%
FMC Technologies Inc. (FTI) $40.88 9.09%
Bread Financial Holdings, Inc. (BFH) $65.25 8.13%
Dover Corp. (DOV) $181.24 8.12%
Apache Corp. (APA) $24.62 7.56%
Valero Energy Corp. (VLO) $173.13 6.96%
Albemarle Corp. (ALB) $97.43 6.67%
Gap Inc. (GAP) $23.03 6.23%
National Oilwell Varco Inc. (NOV) $14.10 5.86%
S&P 500 - Fallers
United Rentals Inc. (URI) $911.62 -7.79%
Travel + Leisure Co (TNL) $65.22 -6.82%
Southwest Airlines Co. (LUV) $31.65 -6.25%
Williams Companies Inc. (WMB) $58.96 -5.20%
Expedia Group Inc. (EXPE) $215.65 -4.74%
Centene Corp. (CNC) $34.35 -4.61%
Textron Inc. (TXT) $79.57 -3.77%
AutoZone Inc. (AZO) $3,846.02 -3.68%
AT&T Inc. (T) $24.62 -3.64%
Verizon Communications Inc. (VZ) $38.40 -3.52%
Nasdaq 100 - Risers
American Airlines Group (AAL) $12.77 5.62%
Seagate Technology Plc (STX) $226.41 5.28%
Wynn Resorts Ltd. (WYNN) $125.40 5.03%
Intuitive Surgical Inc. (ISRG) $551.30 4.61%
Lam Research Corp. (LRCX) $147.54 4.45%
Western Digital Corp. (WDC) $125.72 4.36%
Micron Technology Inc. (MU) $206.71 4.15%
KLA-Tencor Corp. (KLAC) $1,159.00 4.01%
Hasbro Inc (HAS) $77.94 3.70%
Applied Materials Inc. (AMAT) $228.47 3.59%
Nasdaq 100 - Fallers
Expedia Group Inc. (EXPE) $215.65 -4.74%
T-Mobile Us, Inc. (TMUS) $219.99 -3.26%
O'Reilly Automotive Inc. (ORLY) $98.27 -2.90%
Booking Holdings Inc. (BKNG) $5,093.47 -2.62%
Qvc Group Inc Series A (QVCGA) $13.24 -2.28%
Sirius XM Holdings Inc (SIRI) $21.32 -2.00%
Mondelez International Inc. (MDLZ) $61.01 -1.55%
Regeneron Pharmaceuticals Inc. (REGN) $575.69 -1.55%
Paychex Inc. (PAYX) $124.75 -1.47%
Verisk Analytics Inc. (VRSK) $234.79 -1.13%
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