Nasdaq Down Over 2%; Abbott Laboratories Posts Upbeat Earnings

Market Overview - U.S. stocks traded lower, with the Nasdaq Composite falling over 2% on Wednesday, Dow down 0.67% to 40,099.73, and S&P 500 down 1.27% to 5,327.95 [1] - Energy shares surged by 1.4%, while information technology shares fell by 3% [1] Company Performance - Abbott Laboratories reported first-quarter sales of $10.36 billion, a 7.2% year-over-year increase, and adjusted EPS of $1.09, beating consensus of $1.07 [2] - Abbott expects second quarter 2025 adjusted EPS of $1.23-$1.27, slightly above consensus of $1.25 [2] Commodity Prices - Oil prices increased by 16% to $62.33, gold rose by 2.6% to $3,323.10, silver up 1.7% to $32.860, and copper increased by 0.1% to $4.6310 [5] Stock Movements - Treasure Global Inc. shares surged 70% to $3.54 after securing an exclusive partnership with Mezzofy [9] - iCAD, Inc. shares rose 67% to $3.22 following an acquisition announcement by RadNet for approximately $103 million [9] - SUNation Energy Inc. shares dropped 40% to $0.0249 due to a 1-for-200 reverse stock split [9] - Biomerica, Inc. shares fell 30% to $0.4006 after announcing a 1-for-8 reverse stock split [9]