Crude Oil Down 1%; AutoZone Shares Dip After Q1 Results
Benzinga·2025-12-09 17:11

Market Overview - U.S. stocks experienced an upward trend, with the Nasdaq Composite gaining approximately 50 points on Tuesday. The Dow rose by 0.22% to 47,845.80, the NASDAQ increased by 0.22% to 23,597.71, and the S&P 500 climbed 0.23% to 6,862.11 [1] - Energy shares saw a notable increase of 1.5%, while health care stocks declined by 0.4% on the same day [1] Company Earnings - AutoZone, Inc. (NYSE:AZO) reported a decline in stock value by around 7% after its first-quarter earnings and sales fell short of Wall Street expectations. The company reported earnings per share of $31.04, missing the consensus estimate of $32.37. Quarterly sales reached $4.629 billion, reflecting an 8.2% year-over-year increase, but still fell short of the expected $4.637 billion [2] Notable Stock Movements - Alexander & Baldwin, Inc. (NYSE:ALEX) shares surged by 38% to $20.89 following the announcement of a $2.3 billion all-cash deal to go private [8] - Exicure Inc (NASDAQ:XCUR) shares increased by 35% to $7.10 after positive results from a Phase 2 trial related to multiple myeloma treatment [8] - Tronox Holdings plc (NYSE:TROX) shares rose by 30% to $4.86 after receiving non-binding letters of support for financing up to $600 million for its rare earth supply chain development [8] - Top Wealth Group Holding Ltd (NASDAQ:TWG) shares plummeted by 71% to $6.31 after announcing a public offering priced at $7.00 per unit [8] - Phreesia, Inc. (NYSE:PHR) shares fell by 21% to $15.80 following third-quarter results [8] - SLM Corporation (NASDAQ:SLM) experienced a decline of 16% to $25.86 after a downgrade from Compass Point and Morgan Stanley, with price targets reduced significantly [8] Commodity Market - In commodity trading, oil prices decreased by 1.1% to $58.23, while gold prices increased by 0.7% to $4,248.20. Silver saw a rise of 4.5% to $61.005, whereas copper prices fell by 2.2% to $5.3275 [5] European Market Performance - European shares showed mixed results, with the eurozone's STOXX 600 declining by 0.10%. Spain's IBEX 35 Index rose by 0.13%, while London's FTSE 100 fell by 0.03%, Germany's DAX 40 gained 0.49%, and France's CAC 40 decreased by 0.69% [6] Asian Market Performance - Asian markets closed mostly lower, with Japan's Nikkei rising by 0.14%, while Hong Kong's Hang Seng fell by 1.29%, China's Shanghai Composite declined by 0.37%, and India's BSE Sensex decreased by 0.51% [9] Employment Data - U.S. private employers added an average of 4,750 jobs per week during the four weeks ending November 22. Job openings rose by 12,000 to 7.670 million in October, compared to 7.658 million in September [10]