Market Overview - U.S. stocks traded mostly lower, with the Nasdaq Composite falling approximately 0.5% on Friday, while the Dow increased slightly by 0.01% to 42,029.86 and the S&P 500 dropped 0.32% to 5,695.11 [1] - Utilities shares saw a notable increase of 2.3%, while industrials shares fell by 0.6% [1] Company Performance - Banzai International, Inc. shares surged by 87% to $5.36 following a 1-for-50 reverse stock split [2] - Battalion Oil Corporation shares rose by 122% to $6.54 after amending its merger agreement with Fury Resources, offering $7.00 per share in cash [2] - Constellation Energy Corporation shares increased by 19% to $248.26 after signing a 20-year power purchase agreement with Microsoft [2] - Corbus Pharmaceuticals Holdings, Inc. shares plummeted by 60% to $20.52 despite an Outperform rating and a price target of $82 from RBC Capital [3] - Sable Offshore Corp. shares decreased by 19% to $23.06 after announcing a $150 million private placement [3] - FedEx Corporation shares fell by 13% to $260.55 due to weaker-than-expected first-quarter results and lowered full-year guidance [3] Commodity Market - Oil prices increased by 0.6% to $72.38, while gold rose by 1.4% to $2,650.00 [4] - Silver traded up 0.5% to $31.62, whereas copper saw a slight decline of 0.1% to $4.3425 [4] European Market - European shares closed lower, with the eurozone's STOXX 600 falling by 1.42%, Germany's DAX declining by 1.49%, and France's CAC 40 dropping by 1.51% [5] - Spain's trade deficit narrowed to EUR 3.2 billion in July from EUR 4.9 billion year-over-year [5] - The manufacturing climate indicator in France decreased to 98.6 in September from 98.9 in the previous month [5] Asia Pacific Market - Asian markets closed higher, with Japan's Nikkei 225 gaining 1.53%, Hong Kong's Hang Seng Index surging 1.36%, and India's BSE Sensex increasing by 1.63% [6]
Crude Oil Moves Higher; Sable Offshore Shares Slide