Carnival, US Steel and Occidental Petrol are among the top stock movers now

What you need to know

• The major U.S. indices rose at noon on Friday, after the Federal Reserve’s preferred measure of inflation was below expectations.
• Carnival Corporation’s shares have surged in value after it beat its earnings forecast.
• Warren Buffett's Berkshire Hathaway raised its stake in Occidental Petroleum and SiriusXM, sending shares higher.

At midday on Friday, major U.S. indices were up after Federal Reserve’s preferred inflation measure came in lower than expected. The Dow, S&P 500, and Nasdaq all rose more than 1%.

Carnival Corporation shares (CCL), the operator of cruise lines, surged in value after it beat estimates for earnings and provided an upbeat outlook on future travel bookings.

Berkshire Hathaway, led by Warren Buffett (BRK.A & BRK.B), increased its investment in Occidental Petroleum and SiriusXM.

Shares of Eli Lilly rose after Novo Nordisk, a rival in the weight loss treatment market (NVO), reported disappointing findings from its study on a new experimental treatment for obesity. Novo Nordisk’s shares listed in the United States plunged. 

U.S. Steel (X) shares tumbled after the steelmaker’s current-quarter guidance missed expectations on falling prices and costs related to a factory being developed in Arkansas.

The price of gold rose and the oil futures remained unchanged. The yield of the 10-year Treasury bill fell. The U.S. currency lost ground in relation to the euro and other currencies. Bitcoins and major crypto currencies fell.

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