Dow Dips Over 1,000 Points; Comerica Earnings Top Views

Market Overview - U.S. stocks experienced a significant decline, with the Dow Jones index dropping over 1,000 points, down 2.73% to 38,072.59, NASDAQ falling 3.19% to 15,767.59, and S&P 500 decreasing 2.86% to 5,131.53 [1] - Consumer discretionary shares fell by 3.1%, while consumer staples shares only decreased by 0.7% [1][2] Company Earnings - Comerica Incorporated reported better-than-expected earnings for its first quarter, posting earnings of $1.25 per share, surpassing the analyst consensus estimate of $1.15 per share. However, quarterly sales of $829 million fell short of the consensus estimate of $831.34 million [3] Commodity Market - In commodity trading, oil prices decreased by 2.6% to $62.97, while gold prices increased by 3.3% to $3,439.00. Silver rose by 1.2% to $32.850, and copper gained 1% to $4.7835 [6] European Market - European shares also declined, with the eurozone's STOXX 600 falling 0.29%, Germany's DAX 40 down 0.64%, and France's CAC 40 dipping 0.76% [7] Asian Market - Asian markets showed mixed results, with Japan's Nikkei 225 falling 1.30%, while China's Shanghai Composite and India's BSE Sensex gained 0.45% and 1.09%, respectively [8] Notable Stock Movements - Upexi, Inc. shares surged 619% to $16.31 following a private placement announcement with approximately $100 million in gross proceeds. SHF Holdings, Inc. shares increased by 93% to $4.12 after announcing a strategic partnership with FundCanna [9] - Wolverine World Wide, Inc. shares rose 8% to $11.62 after an upgrade from Baird analyst Jonathan Komp [9] - Conversely, Thunder Power Holdings, Inc. shares plummeted 63% to $0.0506 due to a Nasdaq delisting notice, and New Fortress Energy Inc. shares fell 12% to $5.03 after announcing a $700 million proposed offering of senior notes [9]