Benzinga·2025-10-08 14:22Market Overview - U.S. stocks experienced an upward trend, with the Nasdaq Composite increasing by over 150 points on Wednesday. The Dow rose by 0.08% to 46,642.55, the NASDAQ increased by 0.70% to 22,947.47, and the S&P 500 gained 0.35% to 6,738.32 [1] - Information technology shares saw a notable increase of 1.1% on Tuesday, while energy stocks declined by 0.9% [1] Mortgage Applications - The volume of mortgage applications in the U.S. decreased by 4.7% for the week ending October 3, following a more significant drop of 12.7% in the previous week [2][7] Commodity Prices - In commodity markets, oil prices rose by 0.9% to $62.26, gold increased by 1.3% to $4,058.00, silver was up by 1.9% to $48.395, and copper saw a slight rise of 0.1% to $5.0985 [4] European Markets - European shares showed positive performance, with the eurozone's STOXX 600 rising by 0.7%, Spain's IBEX 35 Index increasing by 0.8%, London's FTSE 100 up by 0.6%, Germany's DAX 40 gaining 0.8%, and France's CAC 40 rising by 0.9% [5] Asian Markets - Asian markets closed lower, with Japan's Nikkei 225 falling by 0.45%, Hong Kong's Hang Seng index down by 0.48%, and India's BSE Sensex declining by 0.19% [6] Stock Movements - Xenetic Biosciences, Inc. (NASDAQ: XBIO) shares surged by 174% to $11.75, while Connexa Sports Technologies Inc. (NASDAQ: YYAI) saw a 102% increase to $0.3639. AlphaTON Capital Corp. (NASDAQ: ATON) shares rose by 81% to $10.08 [8] - Conversely, Galecto, Inc. (NASDAQ: GLTO) shares dropped by 42% to $10.48 after a significant jump of 383% on Tuesday. Zeta Network Group (NASDAQ: ZNB) shares fell by 41% to $2.00 following a $15 million registered direct offering at $1.00 per share. Envoy Medical, Inc. (NASDAQ: COCH) also experienced a decline of 38% to $0.9854 after announcing a $4 million registered direct offering at $1.33 per share [8]