Cleveland-Cliffs shares jumped more than 10% after the company announced third-quarter earnings that beat expectations, posting adjusted earnings of 28 cents per share versus an estimated 21 cents.
Intel stock climbed nearly 4% after JPMorgan upgraded the chipmaker from underweight to neutral, pointing to strong management execution and a long-term turnaround plan. Datadog shares advanced 3% after Bernstein raised its rating to outperform, with analysts emphasizing the favorable effect of artificial intelligence on the company's future growth prospects.
Amazon stock gained over 1% after Morgan Stanley named it a top pick, stressing the accelerating growth of Amazon Web Services and the potential of its Bedrock AI platform. Blue Owl Capital shares edged up 1% following reports that investment bankers have reached out to the firm about a possible full or partial sale, signaling rising interest in the company.