Dow Jumps Over 1,100 Points; McDonald’s Shares Gain Following Upbeat Earnings

U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 1,100 points on Wednesday.

Following the market opening Wednesday, the Dow traded up 2.16% to 52,907.67 while the NASDAQ climbed 1.74% to 25,813.85. The S&P 500 also rose, gaining, 1.48% to 7,680.83.

Leading and Lagging Sectors

Consumer discretionary shares jumped by 3.8% on Wednesday.

In trading on Wednesday, energy stocks fell by 3.2%.

Top Headline

Shares of McDonald’s Corp. (NYSE:MCD)/a> gained around 4% on Wednesday after the company reported upbeat third-quarter earnings.

The fast-food chain reported adjusted earnings of $3.57 per share, beating the analyst consensus estimate of $3.38. Revenue increased 1% year over year on both a reported and constant-currency basis to $7.157 billion, missing the Street estimate of $7.285 billion.

The company increased its quarterly cash dividend by 4% to $1.93 per share, payable on Dec. 15.

Equities Trading UP

li>Curis Inc (NASDAQ:CRIS) shares shot up 103% to $1.45 after rising 8% on Tuesday./li> li>Shares of Alight Inc (NYSE:ALIT) got a boost, surging 61% to $16.32 after the company reported better-than-expected third-quarter financial results and raised its FY26 sales guidance above estimates./li> li>DarkIris Inc (NASDAQ:DKI) shares were also up, gaining 46% to $2.18./li>

Equities Trading DOWN

li>Parabolic Technologies, Inc. (NASDAQ:PARA) shares dipped 88% to $0.3334 after the company announced the pricing of $13.5 million underwritten public offering./li> li>Shares of Cenntro Inc. (NASDAQ:CENN) were down 58% to $0.1260 after dipping 85% on Tuesday. The company announced deliveries of its LS450 electric trucks in US under government incentive programs that support commercial fleet electrification./li> li>Nurix Therapeutics, Inc. (NASDAQ:NRIX) was down, falling 37% to $16.39 after Sanofi notified the company of its decision to discontinue the Phase 1 first-in-human clinical trial of SAR448272./li>

Commodities br>br>In commodity news, oil traded down 3% to $93.23 while gold traded up 2.8% at $4,049.10.

Silver traded up 4.4% to $51.940 on Wednesday, while copper fell 0.4% to $6.3790.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 gained 1.7%, while Spain’s IBEX 35 Index jumped 3.2%, London’s FTSE 100 rose 1.8%, Germany’s DAX surged 2%, while France’s CAC 40 climbed 2.1%.

Asia Pacific Markets

Asian markets closed mostly higher on Wednesday, with Japan’s Nikkei 225 falling 1.42%, Hong Kong’s Hang Seng index gaining 1.67%, China’s SSE Composite Index jumping 2.16% and India’s BSE Sensex gaining 0.50%.

Economics

li>The U.S. trade deficit fell to $105 billion in September from $105.7 billion in the previous month, and versus market estimates of a $108 billion gap./li> li>Exports rose 1.9% to a five-month high of $321.5 billion, while imports increased 1.2% to a record high of $426.6 billion in September./li> li>Private businesses in the U.S. rose by 86,000 jobs in October, topping market estimates of 69,000./li> li>U.S. mortgage applications declined 1.2% in the week ended Oct. 30, following a 3.4% gain in the previous period./li>

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