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Crude Oil Down Over 2%; Verb Technology Shares Spike Higher
VERBVerb(VERB) Benzinga·2024-10-14 16:23

Market Performance - U.S. stocks traded higher with the Dow Jones index gaining more than 150 points, up 0.41% to 43,039.53, NASDAQ rose 0.81% to 18,490.66, and S&P 500 gained 0.69% to 5,855.38 [1] - Information technology shares jumped by 1.2% [1] Company News - Boeing announced plans to cut its workforce by about 10%, equating to approximately 17,000 jobs, affecting various levels of employees [2] - Tevogen Bio Holdings Inc. shares surged 201% to 1.1450,withplanstoshare1.1450, with plans to share 1 billion+ revenue potential of its pipeline portfolio [2] - Verb Technology Company, Inc. shares rose 75% to 13.90aftertheCEOhighlightedthecompanyscashbalanceandimpliedundervaluation,withamarketcapof13.90 after the CEO highlighted the company's cash balance and implied undervaluation, with a market cap of 3.8 million and cash balance of 17.2million[2]Expion360Inc.sharesincreasedby3617.2 million [2] - Expion360 Inc. shares increased by 36% to 3.24 [2] Declining Stocks - Molecular Templates, Inc. shares dropped 75% to 0.3664afterannouncingliquidationandwindup[3]ZapataComputingHoldingsInc.sharesfell700.3664 after announcing liquidation and wind-up [3] - Zapata Computing Holdings Inc. shares fell 70% to 0.0776 [3] - Vicinity Motor Corp. shares decreased by 32% to 0.0800afterfailingtorenegotiatetermswithcreditors[3]CommoditiesOiltradeddown2.40.0800 after failing to renegotiate terms with creditors [3] Commodities - Oil traded down 2.4% to 73.78, gold down 0.5% at 2,663.60,silverdown1.42,663.60, silver down 1.4% to 31.325, and copper fell 2.1% to $4.4005 [4] European Market Performance - European shares were higher with the eurozone's STOXX 600 gaining 0.53%, Germany's DAX up 0.69%, and France's CAC 40 rising 0.32% [4] Asian Market Performance - Asian markets closed mostly higher, with Hong Kong's Hang Seng Index down 0.75%, China's Shanghai Composite Index up 2.07%, and India's BSE Sensex gaining 0.73% [5]