Market Overview - U.S. stocks experienced an upward trend, with the S&P 500 increasing by 1% on Wednesday, while the Dow rose by 0.84% to 46,657.52 and the NASDAQ climbed 1.19% to 22,788.69 [1] - Real estate shares saw a notable increase of 1.7%, and health care stocks rose by 0.4% on the same day [1] Company Financials - Bank of America reported a net income of $8.5 billion for Q3 fiscal 2025, up from $6.9 billion a year ago, with an EPS of $1.06, surpassing the analyst consensus estimate of $0.94 [2] - The bank's revenue, net of interest expense, increased by 11% year-over-year to $28.24 billion, exceeding the analyst consensus estimate of $27.50 billion [2] Commodity Market - Oil prices increased by 0.4% to $58.96, while gold rose by 1.3% to $4,217.50 [5] - Silver traded up 1.6% to $51.410, whereas copper experienced a slight decline of 0.1% to $5.0225 [5] Stock Movements - Australian Oilseeds Holdings Limited shares surged by 270% to $3.6200 following comments from President Trump regarding potential business terminations with China [8] - Genprex, Inc. saw its shares increase by 173% to $0.6910 due to upcoming presentations at a major cancer therapeutics conference [8] - Omeros Corporation's shares rose by 144% to $10.02 after Novo Nordisk acquired its global rights to Zaltenibart [8] - Conversely, Yueda Digital Holding shares plummeted by 84% to $0.2259 after announcing a $28 million registered direct offering [8] - Largo Inc. shares fell by 45% to $1.39 following the announcement of a $23.4 million registered direct offering and private placement [8] - Aqua Metals, Inc. shares decreased by 37% to $18.72 after raising $13 million from an institutional investor [8] International Markets - European shares were generally higher, with the eurozone's STOXX 600 rising by 0.6% and France's CAC 40 surging by 2.2% [6] - Asian markets closed positively, with Japan's Nikkei 225 increasing by 1.76% and Hong Kong's Hang Seng index jumping by 1.84% [9] Economic Indicators - The NY Empire State Manufacturing Index rose by 19.4 points to a reading of 10.7 in October, surpassing market expectations of -1.0 [10]
S&P 500 Gains 1%; Bank of America Posts Upbeat Earnings - Bank of America (NYSE:BAC), Aqua Metals (NASDAQ:AQMS)