Market Overview - U.S. stocks experienced an upward trend, with the Nasdaq Composite gaining approximately 500 points on Monday. The Dow increased by 1.38% to 46,109.34, the NASDAQ rose by 2.26% to 22,705.26, and the S&P 500 climbed 1.70% to 6,663.67 [1] - Information technology shares saw a rise of 2.1%, while consumer staples stocks fell by 0.7% on the same day [1] Company Performance - Fastenal Company (NASDAQ:FAST) reported mixed third-quarter 2025 results, with revenue of $2.133 billion, an increase of 11.7% year over year, slightly surpassing the consensus estimate of $2.129 billion. However, earnings per share were 29 cents, missing analyst expectations of 30 cents, leading to a 5% decline in shares [2] Commodity Market - In commodity news, oil prices increased by 1.7% to $59.87, gold rose by 3.2% to $4,126.80, silver surged by 6.7% to $50.415, and copper climbed by 5.2% to $5.1505 [5] Notable Stock Movements - American Battery Technology Company (NASDAQ:ABAT) shares surged by 39% to $9.35 after completing NEPA baseline studies for its Tonopah Flats Lithium Project [8] - Solidion Technology, Inc. (NASDAQ:STI) saw a significant increase of 182% to $15.36 following the announcement of a next-generation UPS system for AI data centers [8] - Bloom Energy Corporation (NYSE:BE) shares rose by 25% to $108.75 after announcing a $5 billion partnership with Brookfield Asset Management Inc. [8] - Conversely, Tvardi Therapeutics, Inc. (NASDAQ:TVRD) shares plummeted by 83% to $6.91 due to disappointing Phase 2 trial results [8] - Beyond Meat, Inc. (NASDAQ:BYND) experienced a 46% drop to $1.0800 following news regarding its convertible notes [8] International Markets - European shares were mostly higher, with the eurozone's STOXX 600 rising by 0.16%, while Spain's IBEX 35 Index increased by 0.14%. London's FTSE 100 rose by 0.01%, Germany's DAX 40 increased by 0.32%, and France's CAC 40 slipped by 0.19% [6] - Asian markets closed lower, with Hong Kong's Hang Seng index falling by 1.52%, China's Shanghai Composite declining by 0.19%, and India's BSE Sensex decreasing by 0.21% [9]
Gold Rises Over 3%; Tvardi Therapeutics Shares Plunge - American Battery Tech (NASDAQ:ABAT), Strive (NASDAQ:ASST)
Benzinga·2025-10-13 17:12