Market Performance - U.S. stocks experienced an upward trend, with the Dow Jones index increasing by over 350 points, closing up 0.82% at 46,899.42. The NASDAQ rose 0.17% to 22,884.01, and the S&P 500 gained 0.41% to 6,742.96 [1] - Utilities shares saw a significant increase of 1.9%, while communication services stocks fell by 0.7% [1] Economic Indicators - The ISM services PMI decreased to 50 in September from 52 in the previous month, falling short of market expectations of 51.7 [2][9] - The S&P Global US services PMI also declined to 54.2 in September from 54.5 in August, and the composite PMI fell to 53.9 from 54.6 [9] Commodity Prices - Oil prices rose by 1.1% to $61.14, while gold increased by 0.8% to $3,898.40. Silver saw a notable rise of 2.8% to $47.675, and copper increased by 2.4% to $5.0700 [4] European Market Overview - European shares showed mixed results, with the eurozone's STOXX 600 gaining 0.34%, Spain's IBEX 35 rising 0.63%, and London's FTSE 100 increasing by 0.5%. In contrast, Germany's DAX 40 fell by 0.23%, and France's CAC 40 gained 0.07% [5] Asian Market Overview - Asian markets closed mixed, with Japan's Nikkei 225 gaining 1.85%, Hong Kong's Hang Seng index declining by 0.54%, and India's BSE Sensex increasing by 0.28% [6] Company Stock Movements - Actelis Networks, Inc. saw a significant stock increase of 66% to $0.6147 following a $30 million stock purchase agreement with White Lion Capital [8] - USA Rare Earth, Inc. shares surged by 21% to $27.41 amid reports of discussions with the White House [8] - Red Cat Holdings, Inc. experienced an 18% increase to $13.62 after Needham initiated coverage with a Buy rating and a $17 price target [8] - Conversely, American Rebel Holdings, Inc. shares dropped by 26% to $13.73, and Roblox Corporation shares fell by 6% to $125.47, despite an Overweight rating from Wells Fargo [8]
Crude Oil Gains 1%; USA Rare Earth Shares Spike Higher - American Rebel Holdings (NASDAQ:AREB), Actelis Networks (NASDAQ:ASNS)