U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 500 points on Friday.The Dow traded up 1.19% to 47,289.61 while the NASDAQ rose 1.27% to 23,232.48. The S&P 500 also rose, gaining, 0.98% to 6,804.28.Check This Out: Super Micro Computer To Rally Around 25%? Here Are 10 Top Analyst Forecasts For FridayLeading and Lagging SectorsCommunication services shares jumped by 1.2% on Friday.In trading on Friday, energy stocks fell by 0.4%.Top HeadlineThe University of Michig ...

Market Performance - U.S. stocks experienced a positive trading session, with the Dow Jones index increasing by more than 500 points, closing up 1.19% at 47,289.61. The NASDAQ rose 1.27% to 23,232.48, and the S&P 500 gained 0.98% to 6,804.28 [1] - Communication services sector saw a rise of 1.2%, while energy stocks declined by 0.4% [1] Economic Indicators - The University of Michigan consumer sentiment index was revised down to 53.6 in October from a preliminary reading of 55 and compared to 55.1 in September [2][11] - The S&P Global services PMI increased to 55.2 in October from 54.2 in the previous month, exceeding market expectations of 53.5 [11] - The S&P Global manufacturing PMI rose to 52.2 in October from 52.0, also surpassing estimates of 52.0 [11] - The S&P Global composite PMI jumped to 54.8 in October from 53.9 in September [11] - Year-ahead inflation expectations in the U.S. decreased to 4.6% in October from 4.7% in September [11] Commodity Prices - Oil prices increased by 0.7% to $62.19, while gold prices decreased by 0.1% to $4,143.10. Silver fell by 0.4% to $48.530, and copper dropped by 0.2% to $5.0985 [5] International Markets - European shares were mostly higher, with the eurozone's STOXX 600 rising by 0.07%. Spain's IBEX 35 gained 0.15%, London's FTSE 100 rose by 0.32%, Germany's DAX 40 increased by 0.14%, while France's CAC 40 fell by 0.30% [6] - Asian markets closed mostly higher, with Japan's Nikkei 225 gaining 1.35%, Hong Kong's Hang Seng index up by 0.74%, and China's Shanghai Composite rising by 0.71%. India's BSE Sensex, however, fell by 0.41% [7] Company News - Wellgistics Health, Inc. shares surged by 229% to $1.3501 after signing a non-binding letter of intent with Datavault AI Inc. to integrate blockchain technology [9] - Genenta Science S.p.A. shares increased by 108% to $6.81 following an expanded collaboration with ANEMOCYTE [9] - Inhibrx Biosciences, Inc. shares rose by 74% to $49.26 after positive trial results for Ozekibart in chondrosarcoma [9] - Deckers Outdoor Corporation shares fell by 13% to $89.00 after reporting second-quarter results that missed revenue estimates [9] - MultiSensor AI Holdings, Inc. shares dropped by 46% to $0.7340 due to a $14 million private placement announcement [9] - MaxLinear, Inc. shares decreased by 13% to $15.31 following third-quarter results [9]

Market Overview - U.S. stocks experienced an upward trend, with the Nasdaq Composite increasing by 1% on Friday [1] - The Dow Jones rose by 0.80% to 47,108.01, while the S&P 500 gained 0.83% to 6,794.12 [1] - Information technology shares saw a notable increase of 1.3%, while materials stocks declined by 0.3% [1] Company Performance - Procter & Gamble Co. reported better-than-expected earnings per share (EPS) of $1.99 for Q3, a 3% increase year-over-year, surpassing the analyst consensus of $1.90 [2] - The company's quarterly sales reached $22.386 billion, exceeding the expected $22.175 billion [2] - Procter & Gamble raised its fiscal 2026 adjusted EPS guidance to a range of $6.83-$7.10, compared to the previous range of $6.83-$7.09 and above the analyst estimate of $6.97 [3] - The sales outlook for fiscal 2026 was adjusted to $85.127 billion-$88.498 billion, slightly up from the previous range and below the expected $86.919 billion [3] Stock Movements - Wellgistics Health, Inc. shares surged by 183% to $1.17 following a non-binding letter of intent with Datavault AI Inc. [8] - Genenta Science S.p.A. saw its shares increase by 145% to $7.93 due to an expanded collaboration with ANEMOCYTE [8] - Neuphoria Therapeutics Inc. shares rose by 89% to $7.61 after a significant share purchase by a shareholder [8] - Conversely, Picard Medical, Inc. shares dropped by 72% to $3.67, and MultiSensor AI Holdings, Inc. shares fell by 46% to $0.7304 after announcing a private placement [8] Economic Indicators - The S&P Global services PMI increased to 55.2 in October from 54.2 in September, surpassing market expectations of 53.5 [11] - The S&P Global manufacturing PMI rose to 52.2 in October from 52.0, exceeding estimates of 52.0 [11] - The S&P Global composite PMI jumped to 54.8 in October from 53.9 in September [11]

Shares of Intel Corporation (NASDAQ:INTC) rose sharply in pre-market trading after the company reported better-than-expected third-quarter financial results.Intel reported third-quarter revenue of $13.65 billion, beating analyst estimates of $13.14 billion. The chipmaker reported third-quarter adjusted earnings of 23 cents per share, beating estimates of one cent per share, according to Benzinga Pro.Intel shares jumped 8.4% to $41.37 in the pre-market trading session.Here are some other stocks moving in pre ...

Core Insights - The partnership between DataVault AI and Wellgistics aims to digitize the U.S. prescription drug market, valued at $634.32 billion, through blockchain-enabled smart contracts to enhance efficiency and transparency in drug distribution [1][2][3] Company Overview - DataVault AI specializes in AI-driven data experiences and monetization, leveraging patented technologies to innovate across various industries, including healthcare [4][5] - Wellgistics Health focuses on improving medication delivery from manufacturers to patients, utilizing an integrated platform that connects over 6,500 pharmacies and 200 manufacturers [6] Strategic Partnership - The collaboration will implement the PharmacyChain™ platform, which seeks to ensure accurate tracking of prescription drugs from the point of prescription to fulfillment, enhancing patient safety and compliance [1][2] - The companies plan to establish a revenue-sharing model based on fees from pharmacies utilizing the PharmacyChain technology [1][3] Technological Innovations - Wellgistics has introduced HubRx AI, an AI engine designed to optimize pharmacy operations, reduce costs, and improve patient outcomes while maintaining compliance with healthcare regulations [2][3] - The integration of various technological tools, including Einstein Rx AI and Wellgistics Hub, aims to enhance the overall efficiency of prescription drug services [2] Market Impact - The implementation of blockchain technology is expected to minimize administrative burdens, improve patient access to medications, and enhance the overall prescription ecosystem [3] - The partnership is positioned to create a scalable opportunity that aligns financial incentives with improved patient outcomes across the healthcare spectrum [2][3]