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Crude Oil Falls 1%; Dollar General Posts Upbeat Sales
GMGM(US:GM) Benzingaยท2025-03-13 16:25

Market Overview - U.S. stocks traded lower, with the S&P 500 falling more than 1% on Thursday, specifically down 1.18% to 5,533.34 [1] - The Dow decreased by 1.17% to 40,865.63, and the NASDAQ dipped 1.64% to 17,359.52 [1] - In sector performance, materials shares gained 0.9%, while consumer discretionary shares fell by 1.4% [1] Company Performance - Dollar General Corporation reported fourth-quarter sales growth of 4.5% year-on-year to $10.304 billion, exceeding analyst expectations of $10.264 billion, although EPS of $0.87 missed the consensus estimate of $1.51 [2] Commodity Market - Oil prices decreased by 1% to $67.03, while gold prices increased by 0.4% to $2,959.80 [5] - Silver traded down 0.2% to $33.680, and copper rose 0.1% to $4.8555 [5] European Market - European shares showed mixed results, with the eurozone's STOXX 600 down 0.11%, Germany's DAX 40 down 0.93%, and France's CAC 40 down 0.65% [6] - Conversely, Spain's IBEX 35 Index rose 0.29%, and London's FTSE 100 increased by 0.11% [6] Asian Market - Asian markets closed lower, with Japan's Nikkei down 0.08%, China's Shanghai Composite Index down 0.39%, and Hong Kong's Hang Seng Index down 0.58% [7] - India's BSE Sensex also fell by 0.27% [7] Notable Stock Movements - Lifeward Ltd. shares surged 78% to $2.63 after receiving FDA clearance for its Personal Exoskeleton Device [9] - Aveanna Healthcare Holdings Inc. shares increased by 24% to $4.63 following better-than-expected fourth-quarter sales results [9] - MeiraGTx Holdings plc shares rose 23% to $7.87 after reporting FY24 financial results [9] - Aditxt, Inc. shares dropped 36% to $0.0363 due to a 1-for-250 reverse stock split [9] - Century Casinos, Inc. shares fell 28% to $1.7588 after reporting weak fourth-quarter financial results [9] - UiPath Inc. shares decreased by 16% to $10.00 after a revenue miss and lower first-quarter guidance [9] Economic Indicators - U.S. producer prices remained unchanged in February compared to January, contrasting with a revised 0.6% increase in the previous period and against estimates of a 0.3% gain [8] - Initial jobless claims in the U.S. declined by 2,000 to 220,000, better than market estimates of 225,000 [10]