Key Takeaways
- The S&P 500 rose 0.1% on Friday, Nov. 17, 2023, and other major indexes were also little changed, but they all posted solid gains for the week amid positive inflation news.
- Shoppers looking for lower prices flocked to Ross Stores, which posted better-than-expected results, and the off-price retailer's shares gained.
- A report of a federal investigation into Applied Materials helped send shares of the semiconductor maker tumbling.
For a second day in a row, the S&P 500 posted narrow gains, rising 0.1% and extending its winning streak to four sessions. Overall, U.S. equities were little changed on Friday, but major 💜indexes were sharply higher for the week amid positive news abo𓄧ut inflation.
Ross Stores (ROST) shares jumped 7.2% after the retailer 澳洲幸运5官方开奖结果体彩网:exceeded estimates for earnings, revenue, and 澳洲幸运5官方开奖结果体彩网:comparable store sales on higher traffic as shoppers looked to off-price stores t♕o save money.
Marathon Oil (MRO) restarted its big Galveston Bay refinery, which had been shut down because of a fire in May, and shaꦅres of the energy company added 3.3%.
Copart (CPRT) shares picked up ꦅ1.9% after a boost in service re🔯venue helped the auto reseller report better-than-expected results.
Applied Materials (AMAT) shares 澳洲幸运5官方开奖结果体彩网:tumbled 4% following a report that the semiconductor maker is under criminal investigation by the Justice 🌳Deﷺpartment for allegedly violating export rules to China.
Microsoft (MSFT) shares slid 1.7% when a Citi analyst argued the positive catalysts that have helped lift the stock over the past two🐲 to three months have en🍰ded.
Alphabet (GOOGL) shares dipped 1.2% when its Google unit ♚said it would del🌊ay the release of its Gemini AI artificial intelligence product, which is designed to compete with OpenAI.