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Dow Falls Over 100 Points; Paychex Shares Fall After Q1 Results - Sunrise New Energy (NASDAQ:EPOW), Beneficient (NASDAQ:BENF)
Benzingaยท2025-09-30 14:53

Market Overview - U.S. stocks traded lower, with the Dow Jones falling more than 100 points, down 0.26% to 46,195.25, NASDAQ down 0.21% to 22,544.07, and S&P 500 down 0.17% to 6,649.65 [1] - Health care shares increased by 0.8%, while energy stocks decreased by 1.7% [1] Company Performance - Paychex (NASDAQ: PAYX) stock fell around 4% after reporting fiscal Q1 2026 results, with sales growth of 17% year-over-year to $1.540 billion, exceeding analyst estimates of $1.538 billion [2] - Adjusted EPS of $1.22 beat the consensus estimate of $1.21, and the company raised its fiscal 2026 adjusted EPS guidance to $5.43-$5.53, compared to the analyst consensus of $5.45 [2] Commodity Market - Oil prices fell by 1.8% to $62.33, while gold prices rose by 0.5% to $3,875.40 [4] - Silver decreased by 0.4% to $46.825, and copper fell by 0.5% to $4.8680 [4] International Markets - European shares were mostly higher, with the eurozone's STOXX 600 gaining 0.2% and Spain's IBEX 35 Index rising 0.8% [5] - Asian markets closed mixed, with Japan's Nikkei 225 down 0.25% and Hong Kong's Hang Seng up 0.87% [6] Economic Indicators - The Dallas Fed's general business activity index fell 12 points to -5.6 in September [7] - U.S. job openings rose by 19,000 to 7.227 million in August [10] - The Chicago Business Barometer declined to 40.6 in September from 41.5 in the previous month, below market expectations of 43 [10] - The S&P CoreLogic Case-Shiller Home Price Index increased by 1.8% year-over-year in July, while the FHFA house price index declined by 0.1% from the previous month [10] Stock Movements - Zhengye Biotechnology Holding Limited (NASDAQ: ZYBT) shares surged 70% to $3.72, while Beneficient (NASDAQ: BENF) shares rose 62% to $0.5898 after reporting fourth-quarter results [8] - Sunrise New Energy Co., Ltd. (NASDAQ: EPOW) shares increased by 52% to $1.37 following a patent grant [8] - Erayak Power Solution Group Inc. (NASDAQ: RAYA) shares dropped 45% to $4.6888, and NovaBay Pharmaceuticals, Inc. (NYSE: NBY) fell 13% to $1.35 [8]