Dow Jumps 1%; Tyson Foods Earnings Beat Views
DowDow(US:DOW) Benzinga·2025-08-04 15:29

U.S. Stock Market - U.S. stocks traded higher, with the Dow Jones index gaining over 450 points, up 1.12% to 44,077.17 [1] - NASDAQ climbed 1.62% to 20,985.55, and the S&P 500 rose 1.23% to 6,314.44 [1] - Information technology shares increased by 1.9%, while consumer discretionary stocks rose by 0.2% [1] Tyson Foods, Inc. - Tyson Foods reported better-than-expected Q3 earnings of 91 cents per share, surpassing the analyst consensus estimate of 88 cents [2] - The company also reported quarterly sales of $13.884 billion, exceeding the analyst consensus estimate of $13.536 billion [2] - Tyson raised its FY2025 sales guidance following the positive earnings report [2] Commodity Market - Oil prices decreased by 1% to $66.70, while gold prices increased by 0.8% to $3,426.10 [4] - Silver rose by 1.3% to $37.405, and copper saw a slight increase of 0.1% to $4.4370 [4] Asian Markets - Asian markets closed mostly higher, with Japan's Nikkei 225 falling 1.25%, while Hong Kong's Hang Seng gained 0.92% [6] - China's Shanghai Composite rose by 0.66%, and India's BSE Sensex increased by 0.52% [6] Stock Movements - BT Brands, Inc. shares surged 167% to $4.36 as the company pursues strategic initiatives, including a potential merger [8] - Verb Technology Company, Inc. shares increased by 104% to $19.47 after announcing a $558 million private placement [8] - Psyence Biomedical Ltd. shares rose 74% to $4.1101 following a breakthrough in high-purity ibogaine production [8] - EZGO Technologies Ltd. shares dropped 32% to $0.3380 after a previous jump [8] - Bollinger Innovations, Inc. shares fell 16% to $0.0347, and Marwynn Holdings, Inc. shares decreased by 31% to $0.9505 after a prior increase [8]