Gold Rises 1%; Accenture Shares Surge After Q3 Results

Market Overview - U.S. stocks traded mostly higher, with the Dow Jones gaining over 50 points, up 0.17% to 38,898.96, NASDAQ rose 0.01% to 17,864.13, and S&P 500 gained 0.09% to 5,491.81 [1] Company Performance - Accenture Plc shares gained around 7% after reporting third-quarter fiscal 2024 results, with sales of $16.47 billion, slightly below analyst consensus of $16.55 billion, down 1% year-over-year in U.S. dollars but up 1.4% in local currency [2] - MGO Global, Inc. shares surged 154% to $1.1672 after announcing the expected acquisition of Spetner Associates, projecting annualized revenue to increase to approximately $28 million [2] - Zapp Electric Vehicles Group Limited shares rose 147% to $3.42, anticipating first customer deliveries of the i300 in Q4 and projecting over 5,000 unit sales for the fiscal year ending September 30, 2025 [2] - Femasys Inc. shares increased by 23% to $1.17 after receiving CE Mark approval from the EU MDR for its products [2] Declining Stocks - Tempest Therapeutics, Inc. shares dropped 27% to $2.0847 following new data from a Phase 1b/2 clinical study [3] - Trevena, Inc. shares fell 37% to $0.226 after announcing preclinical data for TRV045 [3] - Sonnet BioTherapeutics Holdings, Inc. shares decreased by 29% to $1.10 after announcing the exercise of warrants for gross proceeds of $3.4 million [3] Commodities - Oil prices increased by 0.9% to $82.34, while gold rose by 1.1% to $2,371.90 [4] - Silver traded up 3.8% to $30.69, and copper rose 1.9% to $4.5755 [5] European Market - European shares were higher, with the eurozone's STOXX 600 gaining 0.67%, Germany's DAX up 0.73%, and France's CAC 40 rising 1.14% [5] - The Bank of England held the Bank Rate at 5.25% [5] - Passenger car registrations in the EU fell 3.0% year-over-year to 911.7 thousand units in May [5] Asia Pacific Markets - Asian markets closed mixed, with Japan's Nikkei gaining 0.16% and Hong Kong's Hang Seng Index declining 0.52% [6] - The People's Bank of China maintained key lending rates [6] - Hong Kong's unemployment rate remained unchanged at 3% [6] Economic Indicators - The U.S. current account deficit rose by $15.8 billion to $237.6 billion in Q1, exceeding market estimates [7] - The Philadelphia Fed Manufacturing Index fell to 1.3 in June, missing expectations [7] - U.S. initial jobless claims decreased by 5,000 to 238,000, slightly above market estimates [7] - Housing starts declined by 5.5% to an annualized rate of 1.277 million in May [7]