Darden Restaurants, Carmax, Micron Technology, and more

Major U.S. indexes rose in the afternoon on Thursday, rebounding from Wednesday’s selloff as a report showed the U.S. economy expanded more than expected in the third quarter.
Shares of Darden Restaurants rose after the company topped sales estimates, driven by Longhorn Steakhouse results.
Shares of the homebuilder sank after Lennar said higher mortgage rates were holding back sales.

Major U.S. indexes rose in the afternoon on Thursday, rebounding from Wednesday’s selloff as a report showed the U.S. economy expanded more than expected in the third quarter. The Dow, S&P 500, and Nasdaq are all advanced.

Darden Restaurants (DRIOlive Garden, Ruth’s Chris, and other restaurant chains were the best-performing stocks in the S&P 500, with shares trading at their highest since the operator reported. Better sales than expectedPowered by LongHorn Steakhouse results.

Shares of Carmax (KMX) grew after the largest used car retailer in the US Beat profit and sales projections Because lower prices helped increase demand.

Accenture (ACN) also Reported results that exceeded expectations As a business management consulting firm saw increasing demand from clients looking for adoption assistance Artificial Intelligence (AI) the tool

Lamb Weston (L.W) shares plunged after the maker of frozen potatoes swung to a loss, cut its guidance and announced CEO Thomas Werner resigned.

After Lennar, the shares of home builders lost groundLEN) Blame the high mortgage rates for its weak-expected results and outlook.

Micron Technology (MU) shares fell after the chipmaker The outlook missed analyst estimates. The company warned that consumer-oriented markets could weaken in the near term.

Oil and gold futures fell. The yield on the 10-year Treasury rose. The US dollar climbed against the pound and the yen, but lost ground to the euro. Prices of most major cryptocurrencies have fallen.