Ford was the best-performing stock in the S&P 500 Friday, soaring over 12% after posting third-quarter earnings that topped analysts’ estimates. The automaker led gains on the S&P 500, while Deckers Outdoor shares plunged due to a warning about a potential consumer spending pullback. Meanwhile, major U.S. equities indexes closed at record highs, with the Nasdaq rising by 1.2%. Shares of IBM and AMD also jumped to record highs, with Micron Technology gaining following positive news. Newmont, the world’s largest gold miner, saw a 6.2% decline in its shares amidst concerns about its production outlook.

Read more at Yahoo Finance: Ford Leads Automakers Higher; Deckers Stock Drops