S&P 500 Gains 1%; Vimeo Shares Spike Higher

Market Performance - U.S. stocks traded higher, with the Dow Jones index gaining over 350 points, up 0.86% to 42,154.69, NASDAQ rose 1.25% to 18,407.20, and S&P 500 increased by 1.01% to 5,770.63 [1] - Consumer discretionary shares surged by 1.7%, while energy shares rose by only 0.3% [1] Trade Deficit - The U.S. trade deficit increased to $84.4 billion in September, the highest level since April 2022, exceeding market estimates of an $84.1 billion gap, compared to a revised $70.8 billion gap in August [2][6] Notable Stock Movements - Bionomics Limited (BNOX) shares surged 156% to $0.49 after securing an AUS$1 million milestone payment, with potential earnings of up to AUS$118 million [2] - Vimeo Inc (VMEO) shares rose 45% to $6.95 following better-than-expected Q3 results and optimistic Q4 sales guidance [2] - ZyVersa Therapeutics, Inc. (ZVSA) shares increased by 33% to $2.41 due to promising data on inflammasome inhibition [2] Declining Stocks - Marqeta, Inc. (MQ) shares dropped 41% to $3.52 after disappointing Q3 sales results and multiple downgrades [3] - Verrica Pharmaceuticals Inc. (VRCA) shares fell 40% to $0.86 following poor quarterly results [3] - Bioventus Inc. (BVS) shares decreased by 20% to $10.97 after announcing Q3 results [3] Commodity Prices - Oil traded up 0.5% to $71.83, gold up 0.2% to $2,750.40, silver up 0.5% to $32.775, and copper rose 0.9% to $4.4720 [4] European Market Performance - European shares were mostly higher, with the eurozone's STOXX 600 up 0.06%, Germany's DAX gaining 0.57%, and France's CAC 40 rising 0.48% [4] - Spain's consumer confidence indicator declined by 4.6 points to a reading of 84.8 in September [4] Asian Market Performance - Asian markets closed higher, with Japan's Nikkei 225 gaining 1.11%, Hong Kong's Hang Seng Index up 2.14%, China's Shanghai Composite Index up 2.32%, and India's BSE Sensex gaining 0.88% [5]