## US Stocks Mixed: Dow Dips, Nasdaq and S&P 500 Rise | Tesla Beats Earnings
The U.S. stock market saw mixed trading on Thursday, with the Dow Jones Industrial Average showing a dip, while the Nasdaq and S&P 500 climbed. The Dow traded down 0.41% to 42,339.29, while the Nasdaq rose 0.52% to 18,371.25. The S&P 500 also saw gains, rising 0.13% to 5,804.31.
Leading and Lagging Sectors
The consumer discretionary sector was a standout performer, gaining 2.5% on Thursday. On the other hand, materials shares fell by 0.7% in the day’s trading.
Tesla’s Strong Q3 Earnings
After the closing bell on Wednesday, electric vehicle giant Tesla Inc. (TSLA) reported stronger-than-expected earnings for its third quarter, exceeding analyst estimates. While sales missed expectations, the company reported third-quarter earnings per share of 72 cents, exceeding the Street consensus estimate of 58 cents per share. This positive news sparked a surge in Tesla’s stock price after hours.
Notable Stock Movements
Several stocks experienced significant price swings on Thursday. Here’s a look at some of the most noteworthy movers:
Equities Trading UP
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Nxu, Inc. (NXU):
Shares surged 233% to $0.8444 following the announcement of a proposed merger between Nxu and Verde Bioresins.*
Linkage Global Inc (LGCB):
The stock jumped 123% to $0.5889 after the company appointed Hanson Ji as its new Chief Financial Officer.*
TuanChe Limited (TC):
Shares rose 93% to $2.80.Equities Trading DOWN
*
Orangekloud Technology Inc. (ORKT):
Shares plummeted 76% to $1.80.*
Marinus Pharmaceuticals, Inc. (MRNS):
The stock plunged 72% to $0.4654 after the company announced that its Phase 3 TrustTSC trial of Oral Ganaxolone failed to meet its primary endpoint.*
Lilium N.V. (LILM):
Shares fell 58% to $0.23.Commodities
In the commodities market, oil traded up 0.5% to $71.15, while gold rose 0.9% to $2,752.60. Silver gained 1.2% to $34.235, and copper climbed 0.5% to $4.3600.
European Markets Rise
European shares were mostly higher on Thursday. The eurozone’s STOXX 600 gained 0.5%, Germany’s DAX rose 0.8%, and France’s CAC 40 climbed 0.7%. Spain’s IBEX 35 Index rose 0.3%, while London’s FTSE 100 gained 0.6%.
Asian Markets Mixed
Asian markets closed mostly lower on Thursday. Japan’s Nikkei 225 gained 0.10%, while Hong Kong’s Hang Seng Index fell 1.30%, China’s Shanghai Composite Index dropped 0.68%, and India’s BSE Sensex fell 0.02%.
