S&P 500 Down 1%; Broadcom Earnings Top Views

Company Performance - Broadcom Inc. reported fourth-quarter revenue of $18.02 billion, exceeding analyst estimates of $17.49 billion [2] - The company achieved adjusted earnings of $1.95 per share for the fourth quarter, surpassing analyst expectations of $1.86 per share [2] - Broadcom's board approved a 10% increase in quarterly cash dividend to 65 cents per share, payable on December 31 to shareholders of record as of December 22 [3] Market Trends - U.S. stocks experienced a decline, with the Nasdaq Composite falling over 350 points, and the S&P 500 dropping 1.04% to 6,829.12 [1] - Consumer staples shares increased by 0.3%, while information technology stocks fell by 2.5% [1] - European shares also declined, with the eurozone's STOXX 600 down 0.53% [7] Commodity Prices - Oil prices increased by 0.1% to $57.65, while gold prices decreased by 0.1% to $4,310.70 [6] - Silver fell by 4.8% to $61.475, and copper dropped by 3% to $5.3380 [6] Stock Movements - cbdMD Inc. shares surged 126% to $1.42 after regaining compliance with NYSE American listing standards [9] - Canopy Growth Corp shares rose 38% to $1.56 due to reports of potential relaxation of federal marijuana regulations [9] - Zedge Inc. shares increased by 43% to $3.48 following better-than-expected quarterly financial results [9] - Applied Therapeutics Inc. shares fell 44% to $0.12 after acquisition plans were announced [9] - Tenaya Therapeutics Inc. shares dropped 35% to $0.89 after announcing a $60 million public offering [9] Asian Market Performance - Asian markets closed higher, with Japan's Nikkei gaining 1.37% and Hong Kong's Hang Seng surging 1.75% [10]