Nasdaq Falls 50 Points; Cummins Posts Upbeat Earnings

Market Overview - U.S. stocks showed mixed trading, with the Nasdaq Composite falling over 50 points, while the Dow increased by 0.03% to 47,327.39 and the S&P 500 decreased by 0.09% to 6,790.33 [1] - Energy shares rose by 1.1%, while consumer staples stocks fell by 0.7% [1] Company Earnings - Cummins Inc (NYSE:CMI) reported third-quarter earnings of $5.59 per share, exceeding market expectations of $4.81 per share, with quarterly sales of $8.317 billion compared to expectations of $7.971 billion [2] Commodity Prices - Oil prices increased by 0.1% to $59.63, gold rose by 0.6% to $4,016.60, silver gained 0.6% to $48.300, and copper saw a slight increase of 0.1% to $4.9905 [5] European Market Performance - European shares were predominantly lower, with the eurozone's STOXX 600 declining by 0.3%, while Spain's IBEX 35 Index rose by 0.2% [6] Asian Market Performance - Asian markets closed mostly higher, with Japan's Nikkei 225 surging by 1.34% and Hong Kong's Hang Seng gaining 2.12% [7] Job Cuts Announcement - U.S.-based employers announced 153,074 job cuts in October, a significant increase from 54,064 in the previous month [8] Stock Movements - Baiya International Group Inc. (NASDAQ:BIYA) shares surged by 121% to $0.6032, while Forge Global Holdings, Inc. (NYSE:FRGE) increased by 68% to $43.83 following an acquisition agreement with Charles Schwab [9] - MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) shares rose by 43% to $0.1801, while DIH Holding US, Inc. (NASDAQ:DHAI) shares dropped by 64% to $0.6608 [9] - ACV Auctions Inc. (NYSE:ACVA) shares fell by 37% to $5.13 after cutting its full-year sales guidance, and Aspen Aerogels, Inc. (NYSE:ASPN) decreased by 36% to $4.74 after lowering its full-year earnings and sales guidance [9]