Stock Market Today, Oct. 30: Rivian Raises Full-Year Guidance on Q3 Revenue Beat

Rivian Automotive surged 6.2% after beating Q3 revenue expectations with $2.16 billion (38% growth) and raising full-year guidance. The company's R2 SUV is driving higher sales volumes. Analyst Philippe Houchois upgraded the stock to buy with a $17 price target. However, broader markets declined with the S&P 500 down 1.82% and Nasdaq down 2.86%.