Benzinga·2025-11-06 17:43Market Overview - U.S. stocks experienced a decline, with the Dow Jones index falling over 450 points, down 0.98% to 46,848.97, NASDAQ down 1.82% to 23,073.21, and S&P 500 down 1.13% to 6,719.65 [1] - Energy shares increased by 0.9%, while consumer discretionary stocks fell by 2.4% [1] Company Earnings - ConocoPhillips reported third-quarter FY25 earnings of $1.7 billion, or $1.38 per share, down from $2.1 billion, or $1.76 per share, year-over-year. Adjusted EPS was $1.61, beating the consensus estimate of $1.44. The company also raised its fourth-quarter regular dividend by 8% to $0.84 per share [2] Commodities - Oil prices decreased by 1.1% to $58.96, gold fell by 0.4% to $3,977.70, silver dropped 1.2% to $47.450, and copper declined by 0.6% to $4.9580 [5] Stock Movements - Golden Entertainment, Inc. shares surged 35% to $28.69 following an acquisition announcement at $30/share [8] - Forge Global Holdings, Inc. shares increased by 68% to $44.00 after an acquisition agreement with Charles Schwab [8] - Stagwell Inc. shares rose 20% to $5.75 after reporting better-than-expected third-quarter results and issuing positive FY25 sales guidance [8] - American Superconductor Corporation shares fell 36% to $38.01 despite beating second-quarter earnings but missing revenue estimates [8] - ACV Auctions Inc. shares dropped 38% to $5.03 after cutting full-year sales guidance and receiving a downgrade from B of A Securities [8] - Aspen Aerogels, Inc. shares decreased by 44% to $4.1850 after lowering full-year earnings and sales guidance [8] Employment Data - U.S.-based employers announced 153,074 job cuts in October, a significant increase from 54,064 in the previous month [10]