Darden Restaurants, CarMax, Micron Technology, and More

• Major U.S. indexes rose on Thursday afternoon, recovering from Wednesday’s sell-off as a report showed the U.S. economy expanded more than expected in the third quarter.

• Shares of Darden Restaurants rose after the company’s sales beat estimates based on results from LongHorn Steakhouse.

• Shares of homebuilders fell after Lennar said high mortgage rates were holding back sales.

Major U.S. indexes rose Thursday afternoon, 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 all advanced are

Darden Restaurants (DRI:) was the best-performing stock on the S&P 500, with shares trading at all-time highs after the operator of Olive Garden, Ruth’s Chris and other restaurant chains reported. better than expected salespowered by LongHorn Steakhouse results.

Shares of CarMax (KMX:) rose to become the largest used car retailer in the United States beat earnings and sales estimates as low prices helped boost demand.

Accenture (ACN:) also record results that exceeded expectations as the business management consultancy has seen an increase in demand from clients looking for adoption support artificial intelligence (AI) tools.

Lamb Weston (LW:) shares sank after the frozen potato maker posted losses, cut its guidance and said: CEO Thomas Werner has stepped down.

Homebuilder stocks lost ground after Lennar (LEN:) blamed high mortgage rates for weaker than expected results and outlook.

Micron Technology (IN:) shares fell after the chip production the outlook missed analysts’ estimates. The company warned that consumer-based markets could be weaker in the near term.

Oil and gold futures decreased. 10-year Treasury yields edged higher against the pound and the yen, while major cryptocurrencies fell.

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