Nasdaq Jumps Over 400 Points; AutoNation Shares Surge Following Q4 Earnings - AutoNation (NYSE:AN), Carbon Revolution (NASDAQ:CREV)
AutoNationAutoNation(US:AN) Benzinga·2026-02-06 17:46

U.S. Stock Market - U.S. stocks traded higher, with the S&P 500 gaining around 1.6% on Friday [1] - The Dow increased by 2.01% to 49,891.59, while the NASDAQ climbed 1.84% to 22,954.50 [1] - Information technology shares rose by 2.5%, whereas communication services stocks fell by 2% [1] AutoNation, Inc. Performance - AutoNation, Inc. shares jumped more than 7% after reporting fourth-quarter results [2] - The company posted adjusted earnings per share of $5.08, a 2% increase year over year, surpassing the analyst consensus estimate of $4.85 [2] - Sales of $6.929 billion fell short of the consensus estimate of $7.200 billion [2] Commodity Market - Oil prices increased by 0.5% to $63.60, while gold rose by 1.6% to $4,969.00 [3] - Silver prices decreased by 0.8% to $76.140, and copper prices rose by 0.7% to $5.8590 [3] European Market - European shares were higher, with the eurozone's STOXX 600 gaining 0.65% [4] - Spain's IBEX 35 Index rose by 1.02%, London's FTSE 100 increased by 0.42%, Germany's DAX gained 0.56%, and France's CAC 40 rose by 0.31% [4] Asian Market - Asian markets closed mostly lower, with Japan's Nikkei falling by 0.88% and China's Shanghai Composite declining by 0.64% [5] - Hong Kong's Hang Seng Index gained 0.14%, while India's BSE Sensex fell by 0.60% [5] Economic Indicators - The U.S. Manheim Used Vehicle Value Index rose by 2.4% month-over-month in January [6] - The University of Michigan's consumer sentiment index increased by 0.9 points to a reading of 57.3 in February, exceeding market estimates of 55 [6]

Nasdaq Jumps Over 400 Points; AutoNation Shares Surge Following Q4 Earnings - AutoNation (NYSE:AN), Carbon Revolution (NASDAQ:CREV) - Reportify