Darden Restaurants Stock Sizzles After Sales Beat | Global News Avenue

Major U.S. stock indexes ended little changed on Thursday after a sharp sell-off the previous day.

While investors continue to digest signs that the Federal Reserve plans a more dovish path of rate cuts in 2025, the positive update on third-quarter GDP growth expectations points to the resilience of the U.S. economy.

After trading higher for much of the session, the S&P 500 and Nasdaq Composite’s rebound attempts ran out of steam in the afternoon, with both indexes closing down 0.1%. The Dow rose less than 0.1%, ending a 10-day losing streak.

Lamb Weston shares (long wave) Shares of the supplier of frozen French fries and other potato products plunged 20% on Thursday, falling more than any other S&P 500 stock Report an unexpected loss its second fiscal quarter. The Idaho-based company also lowered its full-year forecast and announced the appointment of a new CEO,

Micron Technology (exist) if Sales guidance lower than expected During the quarter, its shares fell 16%. The chipmaker cited weak demand in consumer-oriented markets due to poor replacement cycles in the automotive and industrial sectors as well as PCs. Analysts at Bank of America downgraded Micron Technology shares to “neutral” from “buy” and lowered their target prices, noting that the company faces pricing pressure in the memory chip market.

Vertex Pharmaceuticals (virtual reality transmission) Share price fell 11% Phase 2 clinical trials show mixed results Treatment of lumbosacral radiculopathy, a condition that causes leg and back pain. The biotech said that while the drug met its primary endpoint of reducing pain, the placebo used in the study showed similar results.

Dutton Restaurant (direct reductase) shares soared on Thursday, driving the S&P 500 index up nearly 15%. The parent company of Olive Garden and other restaurant chains releases Sales and adjusted profits beat expectations The company’s fiscal second-quarter results were strong thanks to strong same-store sales growth at its LongHorn Steakhouse business. Darden also raised its full-year revenue forecast.

A quarter of gains and gains also helped lift Accenture shares (Acetonitrile), up 7.1% after professional services and consulting firms Top revenue and net profit forecasts and raised its full-year sales forecast. Year-over-year growth in AI bookings contributed to Accenture’s quarterly success.

Shares of energy equipment maker GE Vernova (GEV) rose 4.9%. Several market watchers highlighted the strong performance of GE Vernova stock since its split from GE earlier this year, noting its potential to benefit from growing demand for clean energy, especially for artificial intelligence data centers. Last week, GE Vernova declare dividendannounced a stock buyback plan and raised its full-year sales forecast.