Ford notches best day of the year | Amazon earnings disappoint | Apple misses on sales expectations

One of the companies most linked to the U.S. economy surged, even as a key GDP report missed expectations. 

VIEW IN BROWSER | SUBSCRIBE THU, OCT 28, 2021 EVENING BRIEF AS OF THU, OCT 28, 2021 • 05:13 ET DJIA 35730.48 +0.68% +239.79 S&P 500 4596.42 +0.98% +44.74 NASDAQ 15448.12 +1.39% +212.28   Most Active DOW NAME LAST CHG %CHG AAPL 152.57 +3.72 +2.50% INTC 48.08 +0.19 +0.40% MRK 86.55 +5.01 +6.14% S&P 500 NAME LAST CHG %CHG F 16.86 +1.35 +8.70% AAPL 152.57 +3.72 +2.50% AMD 121.16 -1.12 -0.92% NASDAQ NAME LAST CHG %CHG AAPL 152.57 +3.72 +2.50% AMD 121.16 -1.12 -0.92% FB 316.92 +4.70 +1.51%   EDITOR'S NOTE On Thursday, the stock market delivered an unusual divergence: One of the companies most linked to the U.S. economy surged, even as a key GDP report missed expectations.    Shares of Ford jumped 8.7%, notching their best day of the year, after the legacy automaker beat expectations in its third-quarter earnings report. The company, which reported results Wednesday, also announced that it would reinstate its dividend and raised its full-year guidance.  The stellar quarter and optimistic comments from Ford's management is part of a broader trend of executives downplaying economic concerns, said Jeffrey Kleintop, chief global investment strategist at Charles Schwab.   "Corporate leaders, while they have been mentioning supply chain issues, they've been dismissing them," he said. "Saying 'hey, we're overcoming these issues' rather then blaming them for poor results. So you get good news, like Caterpillar today or Ford, everyone talking about powering through the quarter and lifting forecasts, and maybe even dividends as well."   Earlier in earnings season, manufacturing stocks appeared to be struggling even after companies beat expectations, but that trend appears to be reversing, Kleintop said.    "Maybe the market is coming around to this idea that the supply chain problems are fading a little bit, and maybe that's some of the reason why some of the optimism is back," the strategist said.  Jesse Pound | CNBC Markets Reporter @jesserpound Watch our live stream for all you need to know to invest smarter. TOP NEWS  Nasdaq and S&P 500 close at record highs, Ford jumps 8% as strong earnings boost stocks Facebook changes company name to Meta Economic growth rate slows to 2% on a sharp slowdown in consumer spending Biden's social spending framework gets a chilly reception from holdouts in Congress Amazon badly misses on earnings and revenue, gives disappointing fourth-quarter guidance Apple sales miss expectations, Tim Cook says supply issues cost company $6 billion Global Covid cases and deaths rise for the first time in two months, WHO says Cramer says Ford CEO 'ready to bury' Elon Musk and Tesla, still loves Ford stock Cathie Wood still believes in the Robinhood story, buys nearly $80 million worth during 10% drop Sen. Richard Burr, brother-in-law spoke on phone just before stock sales that are under investigation, SEC says   TOP VIDEO DCLA's Sarat Sethi says buy American Express, Qualcomm   CNBC PRO JPMorgan strategist Kolanovic says investors should buy the dip in value stocks, banks and energy   SPECIAL REPORTS Here's how Biden's Build Back Better framework would tax the rich Famed venture capitalist John Doerr thinks the Tesla bulls are probably right   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS