CNBC Business News Update - Markets Midday: Stocks Rally To Record Highs On Lower Than Expected CPI, Ford Shares Surge, Deckers Gets Stomped 10-24-2025

Episode Date: October 24, 2025

The latest in business, financial, and market news and how it impacts your money, reported by CNBC's Peter Schacknow Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

I'm Peter Shack now, CNBC. A softer than expected inflation report has sent the major stock averages to record highs as the S&P and NASDAQ wrap up their best weeks in two and a half months. The Dow adding 5488 points at 47,283, the S&P 500 up nearly 1% or 63 points, and the NASDAQ jumping 1.2% or 277 points. The consumer price index rose 3 tenths of a percent last month, less than expected, in a report that was delayed by the ongoing government shutdown. Ford shares continue to surge following a better-than-expected quarterly earnings report, now up 10 and a half percent to lead the S&P 500. They're up big because of demand for trucks and SUVs right now. And when you look at Ford, the tariff impact, they're still seeing an impact, not as great as originally feared as for General Motors.

Its tariff impact also has been lowered from what it originally expected. both of these guys are up on stronger demand for pickup trucks and SUVs. That's just the market overall, and the pricing is strong right now. That's CNBC's Phil LeBoe. GM shares, for their part, are up about 3% today. The biggest loser in the S&P 500 is Shoemaker Decker's Outdoor, tumbling about 12.5% after the company issued weaker than expected sales guidance. A Jeffries analyst is warning that soft sales of UG Boots could weigh on Decker's going forward. Proctor and Gamble shares are of 1%.

and today as the consumer products giant beats Wall Street earnings estimates on the back of strong demand in its beauty product segment. Peter Shack now, CNBC. Celebrating 30 years of Squatbox and streaming on CNBC Plus.