US stocks rose midday after the October consumer inflation report arrived as expected. Dow Jones Industrial Average, S&P 500And Nasdaq recorded small gains.

Albemarle (ALB) shares gained after lithium mining rival Liontown Resources said it was cutting production plans and targeting cost cuts at its flagship project.

Shares of Rivian Automotive (RIVN) rose after the electric vehicle (EV) maker and Volkswagen announced an expanded partnership to develop EV technology that would net Rivian $5.8 billion.

Spotify Technology (STAIN) shares jump as audio streaming service reports 11% rise monthly active users (MAU) and provided strong guidance.

Spirit Airlines (SAVE) shares fell following news that the discount airline could file for bankruptcy within weeks after failing to merge with rival Frontier (ULCC).

Shares of Instacart, whose parent company trades under the name Maplebear (TO THE BASKET) collapsed after its grocery delivery service showed a weak outlook after one of its partners was affected by an internet glitch.

Rocket Companies (RKT) shares fell after the online mortgage lender vastly missed revenue forecasts and gave soft guidance as high borrowing costs continued to limit demand for home purchases.

Oil futures are on the rise. Gold prices started to decline. The yield on the 10-year Treasury note fell slightly. The US dollar gained value against the euro, pound and yen. Most major cryptocurrencies traded higher, with Bitcoin surpassing $90,000.