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Nasdaq Surges Over 100 Points; Chewy Shares Fall After Q2 Results
ChewyChewy(US:CHWY) Benzinga·2025-09-10 14:20

Market Overview - U.S. stocks showed mixed performance with the Nasdaq Composite gaining over 100 points, while the Dow decreased by 0.17% to 45,632.29 and the S&P 500 rose by 0.64% to 6,554.06 [1] - Information technology shares increased by 2.2% on the same day [1] Company Performance - Chewy, Inc. (CHWY) shares fell approximately 14% after reporting second-quarter results, with adjusted earnings of 33 cents per share, exceeding market estimates of 14 cents, and quarterly sales of $3.104 billion, surpassing expectations of $3.080 billion [3] Commodity Market - Oil prices rose by 1.3% to $63.46, while gold increased by 0.2% to $3,689.50. Silver and copper also saw gains of 0.7% to $41.630 and 0.3% to $4.5845, respectively [5] European Market - European shares experienced an upward trend, with the eurozone's STOXX 600 rising by 0.3% and Spain's IBEX 35 Index increasing by 1.3% [6] Asian Market - Asian markets closed higher, with Japan's Nikkei 225 gaining 0.87% and Hong Kong's Hang Seng rising by 1.01% [7] Notable Stock Movements - Wearable Devices Ltd. (WLDS) shares surged by 412% to $5.20 following a year-over-year increase in H1 EPS results and a new patent announcement [8] - Cuprina Holdings (Cayman) Limited (CUPR) shares increased by 212% to $2.19 after announcing exclusive licensing rights for medical waste recycling technology [8] - YY Group Holding Limited (YYGH) shares dropped by 61% to $0.3674 after pricing a registered offering of ordinary shares and warrants [8]