© Reuters.
By Liz Moyer
Investing.com — Stocks regained early losses and soared higher after a hotter-than-expected inflation report. Here are the market movers for Oct.13:
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Delta Air Lines Inc (NYSE:) shares rose 4% after the carrier reported record on strong travel demand from both business and leisure customers. It expects profit in the current quarter.
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Albertsons Companies (NYSE:) shares surged 11% on reports that it was nearing a deal to combine with grocery rival Kroger Company (NYSE:), whose stock fell 1.1%.
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Domino’s Pizza Inc (NYSE:) shares jumped 10% after the pizza chain beat expectations on same-store sales, which jumped 2% in the U.S. was also better than expected.
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Walgreens Boots Alliance Inc (NASDAQ:) shares rose 5.4% after it beat expectations for the , though upcoming quarters will be tough comparisons to last year, when demand for Covid vaccines helped boost results.
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Applied Materials Inc (NASDAQ:) stock rose 4.5% after the maker of equipment to make chips said it was cutting its revenue outlook after new U.S. rules about exports to China threaten to cut into results.
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