Daily U.S. Stock Market News Brief (2025-10-24)
Important News
1. The U.S. September non-seasonally adjusted CPI year-on-year rate recorded at 3%, the highest since January 2025, slightly lower than the market's general expectation of 3.1%.
2. After the release of the U.S. September CPI data, traders increased their bets that the Federal Reserve will cut interest rates two more times this year.
3. U.S. President Trump: Due to tariff policies, the stock market is stronger than ever before.
Individual Stock News
1. Target (TGT.N) will lay off 1,800 employees, marking the second largest layoff in history.
2. Intel (INTC.O) rose nearly 6% in pre-market trading, with Q3 revenue up 3% year-on-year to $13.7 billion.
3. Procter & Gamble (PG.N) rose more than 3% in pre-market trading, with net sales in the first fiscal quarter at $22.39 billion, exceeding expectations.
4. GlaxoSmithKline (GSK.N) cancer drug Blenrep has regained FDA approval and will return to the U.S. market.
5. Sanofi (SNY.O) rose more than 2% in pre-market trading, with flagship drug Dupixent sales exceeding €4 billion in a single quarter for the first time.
6. IBM (IBM.N) has completed key quantum computing algorithm research a year ahead of schedule, which can run on AMD (AMD.O) standard chips.
7. Apple (AAPL.O) has begun shipping advanced servers for artificial intelligence applications from its factory in Houston, Texas.
8. According to preliminary results from the European Union investigation, Meta Platforms (META.O) violated EU regulations on illegal content management.
9. Adverum Biotechnologies (ADVM.O) surged 25% in pre-market trading after Eli Lilly (LLY.N) announced it would acquire the company. $BTC