@Frisbeeļ¼Fair Isaac ā The analytics company soared 27% after it posted better-than-expected earnings for its fiscal fourth quarter. Rivian ā Shares jumped 18% after the electric vehicle maker reported a smaller-than-expected quarterly loss. It also said production would remain on track despite supply chain hiccups. Vacasa ā Shares of the vacation booking platform plummeted 40% on the back of disappointing third-quarter earnings. The company's fourth-quarter revenue guidance also came in below expectations. All sectors in the S&P 500 were trading in positive territory around noon, with the consumer discretionary, real estate and information technology sectors leading the pack. The sectors were up 7.8%, 7.3% and 6.6%, respectively. An easing in the latest consumer inflation data buoyed risk sentiment in markets. Meanwhile, more defensive sectors such as consumer staples and health care, which have outperformed this year, lagged the broader market. Consumer discretionary was boosted by gains in home builders and cruise lines, among other stocks. Cruise lines such as Royal Caribbean Group, Norwegian Gruise Line Holdings jumped 10% and 9.3%, respectively. Home builders such as PulteGroup was up nearly 14%. D.R. Horton was 11.8% higher. The U.S. dollar slid Thursday against a basket of other currencies as investors cheered October's CPI report coming in weaker than expected, signaling that inflation may have peaked. The dollar index shed 2%, putting it on pace for its worst daily performance since Dec. 4, 2015. If the index falls more than 2.1%, it will hit levels not seen since 2009. This week, the dollar index is down 2.3% and is on pace for its worst week since March 2020. @Daily_Discussion Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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