S&P 500 Edges Higher; Analog Devices Earnings Top Views

Market Overview - U.S. stocks showed mixed trading patterns, with the S&P 500 and Nasdaq Composite slightly increasing while the Dow Jones Industrial Average decreased by 0.39% to 44,382.16 [1] - The S&P 500 rose by 0.03% to 6,131.45, and the Nasdaq increased by 0.04% to 20,049.09 [1] Sector Performance - Health care shares experienced a rise of 0.7% [1] - Materials shares saw a decline of 1.4% [1] Company Earnings - Analog Devices, Inc. reported fiscal first-quarter results with a revenue decline of 4% year-on-year to $2.42 billion, surpassing the analyst consensus estimate of $2.36 billion [2] - The adjusted EPS of $1.63 also exceeded the analyst consensus estimate of $1.54 [2] Commodity Prices - Oil prices increased by 0.6% to $72.31, while gold prices decreased by 0.4% to $2,937.10 [5] - Silver fell by 0.9% to $33.065, and copper dropped by 0.7% to $4.5580 [5] European Market Performance - European shares declined, with the eurozone's STOXX 600 falling by 0.91% [6] - Germany's DAX 40 decreased by 1.80%, and France's CAC 40 fell by 1.17% [6] Asian Market Performance - Asian markets closed mixed, with Japan's Nikkei 225 down by 0.27% and China's Shanghai Composite Index down by 0.93% [7] Notable Stock Movements - SolarEdge Technologies, Inc. shares surged by 25% to $21.15 after reporting better-than-expected fourth-quarter sales and issuing positive first-quarter revenue guidance [9] - Compass, Inc. shares increased by 24% to $9.92 following better-than-expected fourth-quarter revenue results [9] - Sintx Technologies, Inc. shares rose by 58% to $4.45 after announcing the issuance of a U.S. patent [9] - Nikola Corporation shares dropped by 41% to $0.4538 due to the announcement of a comprehensive voluntary chapter 11 sale process [9] - Allurion Technologies Inc. shares fell by 32% to $3.79 after announcing plans to raise $6.1 million [9] - CNS Pharmaceuticals, Inc. shares decreased by 35% to $0.0931 following a 1-for-50 reverse stock split announcement [9] Housing Market Data - U.S. housing starts fell by 9.8% month-over-month to an annualized rate of 1.366 million in January [10] - Building permits rose by 0.1% to an annualized rate of 1.483 million in January [10]