Dow Surges 250 Points; Verizon Posts Mixed Q3 Results

Market Overview - U.S. stocks traded higher, with the Dow Jones index gaining approximately 250 points, up 0.55% to 47,970.89, NASDAQ rose 0.65% to 23,982.73, and S&P 500 increased by 0.33% to 6,913.53 [1] - Asian markets closed higher, with Japan's Nikkei 225 surging 2.17%, China's Shanghai Composite gaining 0.70%, and India's BSE Sensex up 0.44% [6] - European shares were mixed, with the eurozone's STOXX 600 gaining 0.1%, while Germany's DAX 40 fell 0.3% and France's CAC 40 fell 0.2% [5] Company Financials - Verizon Communications reported mixed third-quarter results, with revenue growth of 1.5% year-over-year to $33.8 billion, missing analyst estimates of $34.3 billion, while adjusted EPS of $1.21 exceeded the consensus estimate of $1.19 [2] Commodity Prices - In commodity news, oil traded up 0.3% to $60.31, gold increased by 1% to $4,022.90, silver rose 1.6% to $48.075, and copper was up 1% to $5.2205 [4] Stock Movements - Cambium Networks Corp shares surged 209% to $1.91 after announcing integration with Starlink satellite Internet services [8] - Purple Biotech Ltd shares increased 118% to $1.27 following the achievement of a commercially viable yield for IM1240 [8] - Advent Technologies Holdings Inc shares dropped 51% to $1.33, while Stride Inc shares fell 47% to $82.04 due to second-quarter sales guidance below estimates [8] - Varonis Systems Inc shares fell 44% to $35.14 after reporting third-quarter revenue below estimates [8] Economic Indicators - U.S. mortgage application volume jumped by 7.1% from the previous week for the period ending October 17 [7]