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● Merck beat estimates and raised its full-year profit outlook despite licensing charges.
● Investors rewarded companies that raised outlooks and punished weak guidance despite solid quarters.
● The Fed held rates steady after a September hike, with two dissents favoring another increase.
● Rivian narrowed its adjusted loss to $0.48 a share and raised EBITDA guidance.
● Intel beat third-quarter estimates but guided fourth-quarterRevenuewell below consensus.
● WTI settled at $102.00 and Brent at $114.88 on Thursday.
● Gold stayed above $4,000, supported by geopolitical hedging tied to Iran and oil.
● Reddit guided fourth-quarter revenue to $1.00 billion to $1.03 billion versus $1.05 billion expected.
● Eight of 11 sectors rose and more than 400 members finished higher.
● The statement upgraded activity to expanding at a strong pace from solid.
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