Crude Oil Moves Lower; Cintas Raises FY2026 Forecast

Company Performance - Cintas Corp (NASDAQ:CTAS) reported third-quarter earnings per share of $1.24, exceeding the analyst consensus estimate of $1.23 [2] - The company achieved quarterly sales of $2.84 billion, reflecting an 8.9% year-over-year increase, surpassing the Street view of $2.821 billion [2] - Cintas raised its FY2026 sales outlook from a range of $11.150 billion-$11.220 billion to $11.210 billion-$11.240 billion, compared to the street view of $11.205 billion [2] Market Trends - U.S. stocks showed positive movement, with the Dow up 0.60% to 46,402.31, the NASDAQ rising 0.63% to 21,899.66, and the S&P 500 increasing by 0.49% to 6,588.77 [1] - In commodity markets, oil prices decreased by 1.7% to $90.74, while gold prices increased by 3.4% to $4,551.10 [3] - Silver rose by 4.3% to $72.555, and copper increased by 2% to $5.56 [3] Regional Market Performance - European shares experienced gains, with the eurozone's STOXX 600 rising by 1.42%, Spain's IBEX 35 Index up 1.54%, and London's FTSE 100 increasing by 1.42% [4] - Asian markets also closed higher, with Japan's Nikkei 225 gaining 2.87%, Hong Kong's Hang Seng index up 1.09%, China's Shanghai Composite rising by 1.30%, and India's BSE Sensex surging by 1.63% [5]