Nasdaq Surges 1%; ON Semiconductor Posts Upbeat Q3 Earnings

Market Overview - U.S. stocks traded higher, with the Nasdaq Composite gaining 1% on Monday, while the Dow rose 0.04% to 47,583.87 and the S&P 500 increased by 0.48% to 6,872.88 [1] - Consumer discretionary shares jumped by 1.8%, while utilities stocks fell by 0.8% [1] Company Earnings - ON Semiconductor Corporation reported better-than-expected earnings for Q3, posting earnings of 63 cents per share, surpassing the analyst consensus estimate of 59 cents per share [2] - The company also reported quarterly sales of $1.551 billion, exceeding the analyst consensus estimate of $1.515 billion [2] Commodity Market - Oil traded up 0.2% to $61.02, gold rose by 0.8% to $4,026.60, silver increased by 0.6% to $48.47, and copper rose by 0.4% to $5.1090 [4] European Market Performance - European shares were mostly higher, with the eurozone's STOXX 600 gaining 0.2%, Spain's IBEX 35 Index rising 0.2%, and London's FTSE 100 increasing by 0.1% [5] Asian Market Performance - Asian markets closed higher, with Hong Kong's Hang Seng gaining 0.97%, China's Shanghai Composite rising 0.55%, and India's BSE Sensex increasing by 0.05% [6] Notable Stock Movements - MSP Recovery, Inc. shares surged 255% to $0.78, while Resolute Holdings Management, Inc. shares rose 90% to $140.76 after reporting quarterly financial results [9] - Tharimmune, Inc. shares increased by 88% to $5.57 following a $540 million private placement [9] - uniQure N.V. shares dropped 59% to $27.66 after receiving FDA feedback regarding its investigational gene therapy [9] - NOMADAR Corp. shares fell 52% to $9.98, and ALPS Group Inc shares decreased by 40% to $1.5350 due to public offering pricing announcement [9]