Financial
The S&P 500 rose 25.12 points, or 0.3%, to 7,744.06 on Thursday, the Dow Jones Industrial Average rose 556.21, or 1.1%, to 52,177.69, and the Nasdaq composite added 20.16, or 0.1%, to 26,713.03, the AP reported. The 10-year Treasury yield fell to 5.09% from 5.19% late Wednesday, according to the AP.
| S&P 500 | 7,744.06 | +0.3% | |
| Dow | 52,177.69 | +1.1% | |
| Nasdaq | 26,713.03 | +0.1% | |
| 10-yr yield | 5.09% | -0.10 pt | |
Source: AP via WHDH
- Wholesale prices rose 1.3% in SeptemberMonthly wholesale prices rose 1.3% from August to September, the largest increase since March 2022, the AP reported Thursday. TheStreet reported producer prices rose 6.3% year over year in September.
- Penske Automotive agrees to go private at $212 a sharePenske Automotive Group announced Thursday a merger agreement under which Motown Acquisition Corp., owned by Penske Corporation and Mitsui & Co., will acquire the shares not held by Penske Corporation, Mitsui and the other investor group members for $212.00 per share in cash, an enterprise value of approximately $16.3 billion, according to the company's SEC filing. The deal is expected to close in the first quarter of 2027 and requires approval by a majority of votes cast by unaffiliated stockholders, the filing says.