- The S&P 500 rose 0.1% on Friday, Nov. 17, 2023, and other major indexes were also little changed, but they all posted solid gains for the week amid positive inflation news.
- Shoppers looking for lower prices flocked to Ross Stores, which posted better-than-expected results, and the off-price retailer's shares gained.
- A report of a federal investigation into Applied Materials helped send shares of the semiconductor maker tumbling.
For a second day in a row, the S&P 500 posted narrow gains, rising 0.1% and extending its winning streak to four sessions. Overall, U.S. equities were little changed on Friday, but major indexes were sharply higher for the week amid positive news about inflation.
Marathon Oil (MRO) restarted its big Galveston Bay refinery, which had been shut down because of a fire in May, and shares of the energy company added 3.3%.
Copart (CPRT) shares picked up 1.9% after a boost in service revenue helped the auto reseller report better-than-expected results.
Microsoft (MSFT) shares slid 1.7% when a Citi analyst argued the positive catalysts that have helped lift the stock over the past two to three months have ended.
Alphabet (GOOGL) shares dipped 1.2% when its Google unit said it would delay the release of its Gemini AI artificial intelligence product, which is designed to compete with OpenAI.