Stock Market Today: Nasdaq Composite, S&P 500 Hit Records After Delayed Inflation Report Arrives Softer Than Expected
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Happy Friday. This is TheStreet’s Stock Market Today for Oct. 24, 2025. You can follow the latest updates on the market here in our daily live blog.
The University of Michigan's Consumer Sentiment data is out now, showing a decline from last month's report.
The index hit 53.6, down from 55.1 in September. Analysts were looking for 55. The disconnect stemmed as preliminary estimates were revised downwardly.
Current Conditions fell to 58.6 (from 60.4.) Consumer Expectations also faced a decline, hitting 50.3 (from 51.7.)
Meanwhile, Five-Year Inflation Expectations rose to 3.9% (from 3.7% last month.)
Meanwhile, the S&P Composite PMI came in at 54.8 (vs. 53.9 in September.) Both Manufacturing (52.2) and Services (55.2) saw an increase from last month's readings and beat analyst expectations.
The U.S. markets are now open. The small cap-focused Russell 2000 (+1.22%) floored it, while large cap indexes such as the Nasdaq Composite (+0.87%), S&P 500 (+0.62%), and Dow (+0.51%) also rose after the Consumer Price Index came in softer than expected.
More updates will be coming here shortly. Check back soon!
The Consumer Price Index is out now, coming in cooler than expected near 3%. The CPI was up 3% year-over-year, +0.3% month-over-month. Core CPI rose 3% YoY, or 0.2% MoM too.
Analysts polled by Reuters were looking for CPI to jump by 0.4% MoM, while Core CPI is seen jumping 0.3%. This would bring inflation to 2.9% and 3.1% YoY respectively on these figures.
Softer housing inflation was one pocket of assistance, with the shelter component rising just 0.2% MoM. Food also rose just 0.2% MoM. Together, they're nearly half of the CPI.
On the news, stock futures continued to hold up towards the opening bell. Gold jumped, but remained down about 30 bips. Meanwhile, the 10Y Treasury was mostly unchanged.
The report was the first major government-issued report since the government shut down earlier this month. The Bureau of Labor Statistics (BLS) brought back employees during the shutdown to prepare the report necessary to deliver the annual Cost of Living Adjustment (COLA) for Social Security recipients.
Today's refreshed numbers are not seen influencing the central bank's widely-expected interest rate cut at the Federal Open Market Committee (FOMC) meeting next week. The Fed, which cut rates by a quarter-point in September, was already expected to cut rates again in response to a more tepid economic environment.
This morning's moving stocks are -- as you likely guessed by now -- a product of earnings reports from after hours on Thursday evening and this morning. At the very top of the list is Comfort Systems USA (+17%), while Deckers Outdoors (-12.2%) is seen taking the bottom.
Aside from Comfort Systems' big morning stride, SLM Corp (+8.6%), Intel (+6.8%), SS&C Technologies (+3.86%) and Ford (+3.8%) are also higher this morning after their Thursday P.M. earnings.
HCA Healthcare (+4.05%) and Procter & Gamble (+3.47%) are also making moves after their earnings this morning. The former lifted annual forecasts after a bumper quarter of medical service demand, while the latter warned about a "bifurcation" in consumer spending.
Per data from MarketWatch, here are the stocks making the biggest strides before the bell:
On the other end of the market, there's Deckers and a handful of other earnings stragglers.
Booz Allen (-7.68%), which reported this morning, cut its outlook as its quarterly profit and revenue fell. Newmont Gold (-6.87%), Mohawk Industries (-5.27%), and Alcoa (-3.76%) are plummeting after their Thursday evenings reports.
Also notable but not included on MarketWatch's list: Alaska Air Group (-3.5%) is down this morning after an IT outage affected flights on Thursday. 19% (158) flights were cancelled, while 27% (224) were delayed at some point Thursday. Today, 15% (116) flights have been cancelled as a result, mostly at its hub in Seattle.
Here's the stocks missing the mark in the premarket:
Good morning. After a row of after hour earnings reports from firms like Intel, Ford, and American Airlines on Thursday, U.S. equity futures are higher this morning. The Russell 2000 (+0.45%) and Nasdaq Composite (+0.44%) are seeing the biggest gains in futures trading, even despite President Donald Trump "cancelling" trade talks with Canada and cautioning about "land action" in Venezuela.
However, those early gains will face their match in about an hour's time as the Consumer Price Index (CPI) is set to be released. It'll be the first major report issued by the Bureau of Labor Statistics since the government shutdown. Analysts have settled in around 3%, which would be a modest acceleration month-over-month.
It's Friday, so most earnings are packed towards the A.M. hours. We've already got a set of earnings out from consumer giant P&G, the Spanish bank Banco Santander, and pharma giant Sanofi, among others.
Here's as many earnings as we could fit on a single page, per TipRanks, who advises there's about 41 reports today:
Aside from the Consumer Price Index, which is out at 8:30 a.m. ET, there's also a number of other reports for investors to keep an eye on today. In fact, today might be one of the busiest days of economic data we've seen in recent weeks.
The S&P Global Composite and Manufacturing PMI Flash for October are out at 9:45 a.m ET, while the Michigan Consumer Sentiment Final for October will be out at 10:00 a.m. ET. Analysts are looking for moderation in both data readouts.
Rounding out the economic picture for the day, Baker Hughes Oil Rig Count and Total Rigs are out at 1:00 p.m. ET. New Home Sales for September will also be out at some point this morning after a big jump in August. Existing Home Sales, which released yesterday, showed more than 4 million sales in September, within lines.
This story was originally reported by TheStreet on Oct 24, 2025, where it first appeared in the Markets section. Add TheStreet as a Preferred Source by clicking here.