ADC Therapeutics(US:ADCT) Benzinga·2025-12-03 17:21Market Overview - U.S. stocks experienced an upward trend, with the Dow Jones increasing by over 250 points, closing up 0.61% at 47,765.87, while the NASDAQ rose 0.07% to 23,430.56, and the S&P 500 gained 0.22% to 6,844.57 [1] - Energy shares saw a notable increase of 1.2%, while information technology stocks fell by 0.6% [1] Company Performance - Macy's Inc reported third-quarter sales of $4.713 billion, a decrease of 0.6% year-over-year, but exceeded analysts' expectations of $4.621 billion. The company also reported adjusted earnings per share of 9 cents [2] Commodity Market - Oil prices rose by 1% to $59.21, gold increased by 0.6% to $4,246.90, silver was up 0.4% to $58.935, and copper saw a significant rise of 3% to $5.4000 [5] European Market - European shares were mostly higher, with the eurozone's STOXX 600 rising by 0.16%, Spain's IBEX 35 Index increasing by 1.55%, while London's FTSE 100 fell slightly by 0.02% [6] Asian Market - Asian markets closed mixed, with Japan's Nikkei gaining 1.14%, while Hong Kong's Hang Seng fell by 1.28%, China's Shanghai Composite decreased by 0.51%, and India's BSE Sensex fell by 0.04% [7] Notable Stock Movements - Capricor Therapeutics, Inc. saw a dramatic increase of 291% to $24.87 following positive trial results for its cell therapy [8] - Virax Biolabs Group Limited surged 71% to $0.6709 after announcing clinical progress [8] - Aeva Technologies, Inc. gained 16% to $12.58 after being selected as a LiDAR supplier for a major European OEM [8] - CIMG Inc. shares dropped 35% to $0.1200 due to a reverse stock split announcement [8] - ADC Therapeutics SA fell 29% to $3.2499 after reporting updated trial data [8] - Pure Storage, Inc. decreased by 26% to $69.99 following its third-quarter results [8] Economic Indicators - The S&P Global services PMI declined to 54.1 in November from 54.8, and the composite PMI fell to 54.2 from 54.6 [11] - U.S. industrial production increased by 0.1% month-over-month in September, contrasting with a revised 0.3% decline in August [11] - Private businesses in the U.S. reduced jobs by 32,000 in November, compared to a revised gain of 47,000 in the previous month [11] - U.S. crude oil inventories rose by 0.574 million barrels in the week ending Nov. 28, compared to a 2.774 million barrel gain in the previous week [11]