Crude Oil Down 1%; Solid Power Shares Spike Higher

Market Performance - U.S. stocks traded higher, with the Nasdaq Composite gaining over 200 points on Wednesday [1] - The Dow rose by 0.34% to 47,247.64, the NASDAQ increased by 0.96% to 23,572.70, and the S&P 500 climbed 0.67% to 6,817.18 [1] - Communication services shares increased by 1.7%, while real estate stocks fell by 0.1% [1] Commodities - Oil prices decreased by 1% to $59.98, while gold prices increased by 1% to $3,999.00 [5] - Silver rose by 1.5% to $47.975, and copper increased by 0.6% to $4.9770 [5] European Markets - European shares were higher, with the eurozone's STOXX 600 gaining 0.23% [6] - Spain's IBEX 35 Index rose by 0.39%, London's FTSE 100 increased by 0.64%, Germany's DAX 40 rose by 0.42%, and France's CAC 40 gained 0.08% [6] Asian Markets - Asian markets closed mixed, with Japan's Nikkei 225 falling by 2.50% and Hong Kong's Hang Seng declining by 0.07% [7] - China's Shanghai Composite gained 0.23% [7] Company News - Babcock & Wilcox Enterprises, Inc. shares surged by 37% to $5.13 after reporting better-than-expected third-quarter EPS results [9] - SMX (Security Matters) PLC shares increased by 27% to $1.87 following a non-binding LOI with CARTIF [9] - Solid Power Inc shares rose by 55% to $8.72 after reporting better-than-expected third-quarter EPS results [9] - Rubico Inc shares dropped by 53% to $0.2850 after pricing an underwritten offering of 12.3 million units at $0.609 each [9] - WF International Ltd shares fell by 58% to $1.08 after pricing a follow-on public offering of 1,720,688 units at $2.00 per unit [9] - Biohaven Ltd shares decreased by 38% to $8.64 after receiving a Complete Response Letter from the FDA regarding its New Drug Application [9] Employment and Economic Data - U.S. private businesses added 42,000 jobs in October, exceeding market estimates of 25,000 [11] - The volume of mortgage applications in the U.S. fell by 1.9% from the previous week [11] - U.S. crude oil inventories surged by 5.202 million barrels, significantly higher than market estimates of a 0.6-million increase [11]