Midday movers: Apple, Restaurant Brands, Paramount Global and more

Investing.com — U.S. stocks jumped on Friday after a cooler than expected job report for October stoked hopes that the Federal Reserve could be done with interest rate increases.

Here are some of the biggest U.S. stock movers today:

• Apple (NASDAQ:) stock fell 0.8% after the iPhone maker predicted quarterly sales that were below market estimates, blaming weak demand for iPads and wearables, especially in key market China.

• Restaurant Brands (NYSE:) stock fell 1.8% after the company beat third-quarter earnings views even as it missed expectations for quarterly sales on Friday, as still-high inflation pressured consumer spending at its Burger King chain.

• Paramount Global (NASDAQ:) stock rose 13% after the media conglomerate reported strong revenue and subscription trends in its third-quarter earnings report.

• Cinemark (NYSE:) stock fell 1.5% after the movie theater operator swung to a profit in the third quarter amid strong box office trends, powered by the movies ‘Barbie’ and ‘Oppenheimer’.

• Block (NYSE:) stock soared 12% after the payments firm reported better-than-expected earnings forecast for 2024 and a $1 billion stock buyback plan.

• DraftKings (NASDAQ:) stock rose 14% after the sports betting company beat expectations for quarterly as it rises to the top of the highly competitive online gambling industry.

• Live Nation Entertainment (NYSE:) stock rose 3.1% after the Ticketmaster parent beat market estimates for third-quarter revenue benefiting from high ticket prices and surging concert demand.

• Sempra Energy (NYSE:) stock rose 1.3% after the power and gas utility posted better-than-expected third-quarter profit but revenue that fell short of estimates.

• Bloomin Brands (NASDAQ:) stock fell 2.4% after the Outback Steakhouse parent cut its full-year guidance to reflect a soft dining environment.

• Enbridge (NYSE:) stock rose 1.1% after the pipeline operator beat third-quarter profit estimates, benefiting from transporting higher volumes of oil.

–-Peter Nurse contributed to this report