Crude Oil Surges 5%; American Airlines Shares Jump After Q3 Results

Market Overview - U.S. stocks experienced gains, with the Nasdaq Composite increasing by 1% and the S&P 500 rising by 0.72% [1] - Energy shares saw a notable increase of 1.9%, while consumer staples stocks fell by 0.4% [1] Company Performance - American Airlines Group Inc. reported a record third-quarter revenue of $13.691 billion, a 0.3% year-over-year increase, surpassing analyst expectations of $13.628 billion [2] - The company recorded a GAAP net loss of $114 million, or 17 cents per diluted share, which was better than the expected loss of 28 cents, indicating effective cost control and demand resilience [3] Commodity Market - Oil prices rose by 5% to $61.44, while gold increased by 2.4% to $4,161.60 [6] - Silver and copper also saw gains, with silver up 2.8% to $48.990 and copper rising 2.2% to $5.1055 [6] European Market - European shares showed positive movement, with the eurozone's STOXX 600 and Spain's IBEX 35 both rising by 0.33% [7] Asian Market - Asian markets closed mixed, with Japan's Nikkei 225 falling by 1.35% while Hong Kong's Hang Seng index gained 0.72% [10] Notable Stock Movements - Ventyx Biosciences Inc. shares surged by 76% to $6.78 following positive Phase 2 study results [9] - Scienture Holdings Inc. saw a significant increase of 160% to $1.4831 after announcing the start of commercial sales [9] - Garrett Motion Inc. shares rose by 21% to $15.19 after reporting better-than-expected third-quarter results [9] - Conversely, Ribbon Communications Inc. shares dropped by 18% to $3.2850 due to disappointing financial results [9] - The Simply Good Foods Company and STMicroelectronics N.V. also faced declines of 18% and 13%, respectively, due to underwhelming earnings and investor concerns [9]