Daily Express of US Stock Market News (Friday, October 11)

Important News 1. In September, the US PPI recorded an annual rate of 1.8%, higher than the market's expected 1.6%, with the previous value revised from 1.7% to 1.9%. Individual Stock News 1. JPMorgan Chase (JPM.N) announced its third-quarter performance. The data shows that JPMorgan Chase's Q3 revenue was $42.65 billion, a 7.0% year-on-year increase, better than market expectations; earnings per share were $4.37, also exceeding market expectations. 2. BlackRock (BLK.N): Q3 revenue increased by 15% year-on-year to $5.197 billion, with adjusted net profit of $1.715 billion, a 4% year-on-year increase; adjusted earnings per share were $11.46, better than the analyst consensus of $10.32; adjusted operating profit was $2.128 billion, a 26% year-on-year increase. 3. Tesla (TSLA.O) released the low-cost robot taxi Cybercab at the highly anticipated Robotaxi event, and showcased a robot truck capable of transporting 20 people within towns. However, given Musk's history of breaking promises, investors seem to be still cautious. 4. Based on improved market sentiment, Royal Bank of Canada Capital Markets maintained an "outperform" rating on IBM (IBM.US) and raised the target price from $211 to $250. 5. Volkswagen AG (VWAGY.O) announced on Friday that global car deliveries in the third quarter fell by 7%, highlighting challenges faced by the European automotive industry such as weak demand in China and high domestic production costs. 6. Spanish Economy Minister: If further scrutiny is needed, the acquisition process of Sabadell by Banco Bilbao Vizcaya Argentaria (BBVA.N) will be extended to the first quarter of next year. 7. Stellantis (STLA.N) management changes have been finalized, with the replacement of the CFO, and the CEO will retire upon reaching the age limit in 2026, as part of a large-scale management reform of the company. 8. Costco (COST.O) showed strong sales performance in September, with a 9.3% increase in core comparable sales in the US region and a 7.6% increase in foot traffic. The company's management noted that Hurricane "Helen" and consumer concerns about port strikes boosted September's comparable sales