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Darden Restaurants, CarMax, Micron Technology, and More | Global News Avenue

Darden Restaurants, CarMax, Micron Technology, and More

Main points

  • Major U.S. stock indexes rose midday on Thursday, rebounding from Wednesday’s sell-off, as reports showed the U.S. economy expanded more than expected in the third quarter.
  • Darden Restaurant’s shares soared after sales beat estimates, driven by LongHorn Steakhouse results.
  • Homebuilder shares fell after Renner said high mortgage rates were hampering sales.

Major U.S. stock indexes rose midday on Thursday, rebounding from Wednesday’s sell-off, as reports showed the U.S. economy expanded more than expected in the third quarter. The Dow, S&P 500 and Nasdaq were all higher.

Dutton Restaurant (direct reductase) was the best-performing stock on the S&P 500, hitting record highs after reports from operators of Olive Garden, Ruth’s Chris and other restaurant chains Sales better than expectedpowered by results from LongHorn Steakhouse.

CarMax stock (Kmix) rises after largest U.S. used car retailer Exceeded profit and sales expectations Because lower prices help stimulate demand.

Accenture (Acetonitrile) return Report results exceed expectations As business management consulting firms see rising demand from clients looking for help with adoption Artificial Intelligence (AI) tool.

Lamb Weston (long wave) after the frozen potato maker plunged into the red, cut guidance and announced CEO Thomas Werner resigns.

Homebuilder shares fall after Lennar (London) Blame high mortgage rates Its results and prospects were weaker than expected.

Micron Technology (exist) Chipmaker shares fell Outlook lower than analysts expected. The company warned that the consumer-oriented market could weaken in the short term.

Oil and gold futures fell. The 10-year Treasury yield rose. The dollar rose against the pound and the yen but fell against the euro. Prices for most major cryptocurrencies fell.

trading view


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