All three major US stock indexes were up in late-morning trading Friday, as investors process a new batch of inflation data.
The adjusted consumer price index rose by 0.2% in January, below expectations for a 0.3% increase and following a 0.3% gain in December, the Bureau of Labor Statistics said. Core CPI, which excludes food and energy prices, rose by 0.3%, matching the consensus estimate and following a 0.2% gain in December. Overall and core CPI rose 2.4% and 2.5%, respectively, year over year, down from 2.7% and 2.6%, respectively, in December.
In company news, Alibaba (BABA) and Baidu (BIDU) were among a number of companies designated Friday by the US Department of Defense as "Chinese military companies" operating directly or indirectly in the US before that document was withdrawn later in the day. Alibaba shares and Baidu shares were both down 1.0% around midday.
Rivian Automotive (RIVN) reported a Q4 loss late Thursday of $0.66 per diluted share, narrowing from a $0.70 loss a year earlier and compared to the FactSet consensus analyst estimate of a loss of $0.81. Fourth-quarter revenue was $1.29 billion, down from $1.73 billion a year ago but above the FactSet consensus of $1.26 billion. The company said it expects to deliver between 62,000 and 67,000 vehicles this year. Rivian shares were up 23.5%.
Applied Materials (AMAT) reported fiscal Q1 adjusted earnings late Thursday of $2.38 per diluted share, above the FactSet consensus of $2.21. Fiscal Q1 revenue was $7.01 billion, down from $7.17 billion a year ago but above the FactSet consensus of $6.87 billion. For fiscal Q2, the company said it expects adjusted EPS of $2.44 to $2.84 on revenue of $7.15 billion to $8.15 billion. Analysts polled by FactSet expect $2.28 and $7.01 billion, respectively. Applied Materials shares were up 9.7%.
Wendy's (WEN) reported fiscal Q4 adjusted earnings Friday of $0.16 per share, down from $0.25 a year earlier but above the FactSet consensus of $0.14. Fiscal Q4 revenue was $543 million, down from $574.3 million a year ago but above the FactSet consensus of $537.2 million. For 2026, the company said it expects adjusted EPS of $0.56 to $0.60, below the FactSet consensus of $0.86. Wendy's shares were up 4.1%.
Coinbase Global (COIN) reported Q4 adjusted earnings late Thursday of $0.66 per diluted share, down from $3.37 a year earlier and below the FactSet consensus of $1. Fourth-quarter revenue was $1.78 billion, down from $2.27 billion a year ago and below the FactSet consensus of $1.81 billion. For Q1, the company said it expects subscription and services revenue of $550 million to $630 million, below the FactSet consensus of $747.5 million. Coinbase shares were up 15.9%.
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