S&P 500 (^GSPC)

Stock market news live updates: Stocks rally, Intel craters, as inflation data cools

U.S. stocks rallied during midday trading on Friday, after slipping earlier at the open, as investors weigh in on fresh economic data including consumer spending data, a closely watched measure by the Federal Reserve.

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  Stock indices down following core PCE inflation data, Microsoft and Intel move lower

  Yahoo Finance Video
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  Stock market news live updates: Stocks rally after strong GDP report, more earnings

  Yahoo Finance

Lucid stock rockets on heavy volume, has been halted 9 times for volatility

The stock has been halted nine times for volatility since 12:56 p.m. The company said before the stock market opened that it opened its first retail studio and service center in Montreal. There were also multiple media reports, that cited a Betaville report, that a Saudi Arabia-based investment fund was looking to take Lucid private. A company filing with the Securities and Exchange Commission from Dec. 28 showed that the Public Investment Fund (PIF) of Saudi Arabia owned 1.11 billion Lucid shares, or 60.7% of the shares outstanding, which the PIF said was made for “investment purpose.”