US Stocks Mixed; ScanSource Reports Weak Q4 Results

Market Overview - U.S. stocks showed mixed performance with the Dow Jones index gaining over 50 points, up 0.16% to 41,240.52, while NASDAQ fell 0.42% to 17,651.68 and S&P 500 dropped 0.22% to 5,604.73 [1] - Health care shares increased by 0.2%, while information technology shares decreased by 0.6% [1] Company Performance - ScanSource, Inc. reported fourth-quarter earnings of 80 cents per share, missing the analyst consensus estimate of 93 cents, and quarterly sales of $746.113 million, below the expected $843.143 million [2] - ScanSource projected FY25 revenues between $3.1 billion and $3.5 billion, compared to estimates of $3.47 billion [2] - Ensysce Biosciences, Inc. shares surged 66% to $0.7176 after receiving a $14 million grant from the NIH for opioid development [2] - Addex Therapeutics Ltd shares rose 64% to $12.25 following the selection of clinical candidates in collaboration with Indivior, with potential earnings of up to $330 million [2] - VOXX International Corporation shares increased by 50% to $4.25 after announcing a strategic alternatives process [2] Declining Stocks - Altisource Asset Management Corporation shares fell 47% to $1.25 due to plans to voluntarily delist from NYSE American LLC [3] - COSCIENS Biopharma Inc. shares dropped 35% to $3.80 after announcing Phase 3 trial results [3] - Lixte Biotechnology Holdings, Inc. shares decreased by 15% to $1.75 [3] Commodities - Oil prices decreased by 1% to $76.67, gold fell by 0.4% to $2,545.10, silver dropped by 0.3% to $29.92, while copper rose by 0.3% to $4.2915 [4] European Market - European shares were mostly higher, with the eurozone's STOXX 600 gaining 0.1%, Germany's DAX up 0.4%, and France's CAC 40 down 0.2% [5] - The German economy contracted by 0.1% quarter-over-quarter in Q2, following a 0.2% growth in Q1 [5] - The GfK Consumer Climate Indicator for Germany fell to -22.0 in September from a revised -18.6 [5] Asia Pacific Markets - Asian markets closed mostly higher, with Japan's Nikkei 225 gaining 0.47% and Hong Kong's Hang Seng Index up 0.43% [6] - Hong Kong's trade deficit narrowed to $21.8 billion in July from a $30 billion gap a year ago, as exports increased more than imports [6] Economic Indicators - The S&P CoreLogic Case-Shiller home price index rose by 6.5% year-over-year in June, down from a revised 6.9% in the previous month [7] - The FHFA house price index fell by 0.1% in June, contrary to market expectations of a 0.2% gain [7]