Darden Restaurants, CarMax, Micron Technology, and More

• Major US indexes rallied midday on Thursday, rebounding from Wednesday's selloff as a report showed the US economy expanded more than expected in the third quarter.

• Shares of Darden Restaurants rose after the company's sales topped estimates, powered by LongHorn Steakhouse results.

• Homebuilder shares sank after Lennar said high mortgage rates were holding back sales.

Major US indexes rallied midday on Thursday, rebounding from Wednesday's sell-off as a report showed the US economy expanded more than expected in the third quarter. The Dow, S&P 500, and Nasdaq have all advanced.

Darden Restaurants (THREE) was the best-performing stock in the S&P 500, with shares trading at record highs after Olive Garden operator Ruth's Chris and other restaurant chains reported better than expected salespowered by LongHorn Steakhouse results.

CarMax shares (KMX) has risen after the largest used car retailer in the United States beat profit and sales estimates as lower prices help boost demand.

Accent (ACN) too reported results that exceeded expectations as the business management consultancy saw an increase in demand from clients looking for help with adoption artificial intelligence (AI) equipment.

Weston lamb (LW) shares sank after the frozen potato maker swung to a loss, cut its guidance, and announced CEO Thomas Werner resigned.

Shares of housebuilders lost ground after Lennar (LEN) blame high mortgage rates for its weaker than expected results and prospects.

Micron Technology (IN) shares fall after the chip maker forecasts missed analysts' estimates. The company warned that consumer-oriented markets could be weaker in the near term.

Oil and gold futures fell. The return on the Treasury is 10 years higher. The US dollar was up on the pound and the yen, but lost ground to the euro. Prices for most major cryptocurrencies fell.

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