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Crude Oil Down 1%; RPM International Sales Top Views
Benzinga· 2025-10-01 17:20
Market Overview - U.S. stocks showed mixed performance with the Nasdaq Composite gaining over 50 points, while the Dow increased by 0.03% to 46,413.22 and the S&P 500 fell by 0.21% to 6,702.84, amidst a government shutdown that began at 12:01 a.m. on October 1 [1] Sector Performance - Health care shares increased by 1.9%, while communication services stocks decreased by 1.6% [2] Company Earnings - RPM International Inc. reported fiscal 2026 first-quarter sales of $2.11 billion, a 7.4% increase from $1.97 billion a year earlier, surpassing the $2.057 billion estimate. Net income was $227.6 million, with diluted EPS remaining flat at $1.77, while adjusted diluted EPS rose by 2.2% to $1.88, aligning with expectations [3] Commodity Prices - Oil prices fell by 1.4% to $61.51, while gold prices increased by 0.7% to $3,900.10. Silver rose by 2.4% to $47.740, and copper decreased by 0.2% to $4.8455 [6] Global Market Performance - European shares experienced gains, with the eurozone's STOXX 600 up by 0.94%, Spain's IBEX 35 Index rising by 0.50%, London's FTSE 100 increasing by 0.82%, Germany's DAX 40 gaining 0.72%, and France's CAC 40 up by 0.85% [7] - Asian markets closed mixed, with Japan's Nikkei 225 down by 0.85% and India's BSE Sensex up by 0.89% [8] Notable Stock Movements - Chijet Motor Company, Inc. shares surged by 142% to $0.3918 following an MOU for a private placement offering of up to $1 billion. Ryvyl Inc. shares increased by 64% to $0.4868 after announcing a $75 million merger agreement. Healthcare Triangle, Inc. shares rose by 19% to $3.1200 due to its QuantumNexis EMR platform surpassing $20 million in processed revenue [9] - Conversely, Cheer Holding, Inc. shares dropped by 68% to $0.2201 after announcing an $8.5 million offering. Axcelis Technologies, Inc. shares fell by 10% to $87.74 following an all-stock combination with Veeco Instruments. Clean Energy Technologies, Inc. shares decreased by 27% to $0.2066 after announcing a 1-for-15 reverse stock split [9]
US Stocks Fall Following Government Shutdown; Conagra Brands Posts Upbeat Earnings
Benzinga· 2025-10-01 13:42
Market Overview - U.S. stocks traded lower with the Dow Jones falling approximately 0.1% as the federal government entered a shutdown due to Congress's failure to agree on a spending plan [1] - The Dow traded down 0.08% to 46,360.72, NASDAQ fell 0.36% to 22,577.49, and S&P 500 dropped 0.29% to 6,669.38 [1] Sector Performance - Health care shares increased by 0.9% on Wednesday, while communication services stocks decreased by 1.2% [2] Company Earnings - Conagra Brands Inc reported better-than-expected earnings for Q1, posting earnings of 39 cents per share, surpassing the analyst consensus estimate of 33 cents per share [3] - The company also reported quarterly sales of $2.633 billion, exceeding the analyst consensus estimate of $2.615 billion [3] - Conagra Brands affirmed FY2026 adjusted earnings guidance of $1.70 to $1.85 per share [3] Stock Movements - Chijet Motor Company, Inc. shares surged 173% to $0.4432 after entering an MOU for a private placement offering of up to $1 billion [8] - Ryvyl Inc. shares increased 60% to $0.4708 following a $75 million merger agreement with RTB Digital [8] - Healthcare Triangle, Inc. shares rose 25% to $3.27 after its QuantumNexis EMR platform surpassed $20 million in processed revenue [8] - Cheer Holding, Inc. shares dropped 72% to $0.1876 after announcing an $8.5 million offering [8] - Reitar Logtech Holdings Limited shares fell 35% to $4.60, and Clean Energy Technologies, Inc. shares decreased 29% to $0.2033 after a reverse stock split announcement [8] Economic Indicators - U.S. private businesses cut 32,000 jobs in September, contrasting with market estimates of a 50,000 gain [10] - The volume of mortgage applications in the U.S. declined by 12.7% in the week ending Sept. 26 [10]