Crude Oil Edges Higher; ConAgra Posts Downbeat Earnings
ConagraConagra(US:CAG) Benzinga·2024-10-02 18:24

Market Overview - U.S. stocks experienced slight gains, with the Nasdaq Composite increasing by approximately 0.2% [1] - The Dow rose by 0.07% to 42,186.44, while the S&P 500 gained 0.03% to 5,710.22 [1] Sector Performance - Information technology shares increased by 0.6% [1] - Consumer staples shares saw a decline of 1% [1] Company Earnings - ConAgra Brands, Inc. reported adjusted earnings per share of 53 cents, missing the analyst consensus of 60 cents, with net sales of $2.79 billion, down 3.8% from expectations of $2.84 billion [2] - Joby Aviation, Inc. shares surged 25% to $6.02 following Toyota's announcement of an additional $500 million investment [2] - RPM International Inc. shares rose 7% to $128.37 after reporting better-than-expected first-quarter adjusted EPS [2] - MMTec, Inc. shares increased by 46% to $0.6818, benefiting from recent stimulus measures [2] Declining Stocks - Humana Inc. shares fell 13% to $242.64 due to a decline in Stars performance affecting future quality bonus payments [3] - Eagle Pharmaceuticals, Inc. shares dropped 34% to $2.35 after announcing plans to delist from Nasdaq [3] - Aditxt Inc. shares decreased by 30% to $3.1318 following a 1-for-40 reverse stock split announcement [3] Commodity Prices - Oil prices rose by 0.4% to $70.08, while gold prices fell by 0.7% to $2,672.80 [4] - Silver prices increased by 0.8% to $31.980, and copper prices rose by 1.3% to $4.65 [4] European Market Performance - European shares closed mixed, with the eurozone's STOXX 600 rising by 0.05% and Germany's DAX falling by 0.25% [5] - The unemployment rate in the Eurozone remained unchanged at 6.4% in August [5] Asian Market Performance - Asian markets closed mixed, with Japan's Nikkei 225 declining by 2.18% and Hong Kong's Hang Seng Index increasing by 6.20% [5] Employment Data - U.S. private businesses added 143,000 workers in September, exceeding market estimates of 124,000 [6] - Crude oil inventories in the U.S. rose by 3.889 million barrels, contrary to market expectations of a 1.3 million barrel decline [6]