Dow Jumps 250 Points; U.S. Bancorp Earnings Top Views

Market Performance - Dow Jones index gained over 250 points, trading up 0.59% to 42,994.38 [1] - NASDAQ fell 0.05% to 18,306.79 [1] - S&P 500 rose 0.19% to 5,826.42 [1] - Utilities shares jumped by 0.8% [1] - Consumer staples shares fell by 0.5% [1] Company Earnings and Stock Movements - U.S. Bancorp reported Q3 adjusted earnings per share of $1.03, beating estimates of 99 cents, with revenues of $6.864 billion missing estimates of $6.895 billion [2] - 180 Life Sciences Corp shares surged 713% to $12.36 due to plans to enter the online gaming industry [2] - Altus Power, Inc. shares rose 15% to $3.48 after announcing a strategic review and reaffirming FY24 guidance [2] - Versus Systems Inc. shares gained 399% to $5.64 following a $2.5 million investment and licensing agreement [2] - Bright Minds Biosciences Inc shares dropped 37% to $24.24 after collaborating with Firefly Neuroscience [3] - Silvaco Group, Inc. shares fell 25% to $8.34 due to a decline in Asian orders and a cut in FY24 revenue outlook [3] - Novavax, Inc. shares declined 17% to $10.45 after the FDA placed a clinical hold on its vaccine candidates [3] Commodities - Oil traded down 0.2% to $70.46 [4] - Gold traded up 0.6% to $2,694.90 [4] - Silver rose 1.6% to $32.270 [4] - Copper increased 1% to $4.3810 [4] Global Markets - Eurozone's STOXX 600 gained 0.02%, Germany's DAX rose 0.1%, France's CAC 40 fell 0.17%, Spain's IBEX 35 Index rose 0.75%, and London's FTSE 100 gained 1.15% [5] - Japan's Nikkei 225 fell 1.83%, Hong Kong's Hang Seng Index dropped 0.16%, China's Shanghai Composite Index gained 0.05%, and India's BSE Sensex fell 0.39% [6] Economic Indicators - U.S. mortgage applications fell by 17% in the second week of October [7] - U.S. export prices declined by 0.7% month-over-month in September, exceeding estimates of a 0.4% fall [7] - U.S. import prices declined by 0.4% month-over-month in September [7]