Crude Oil Gains 5%; PepsiCo Posts Upbeat Q3 Earnings
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling over 150 points on Thursday. The Dow traded down 0.39% to 50,978.59 while the NASDAQ declined 0.61% to 27,371.84. The S&P 500 also fell, dropping, 0.37% to 7,772.65. Leading and Lagging Sectors Energy shares jumped by 3% on Thursday. In trading on Thursday, health care stocks fell by 2%. Top Headline PepsiCo, Inc. (NASDAQ: PEP ) stock rose in Thursday’s premarket trading after the company reported better-than-expected third-quarter earnings and revenue. However, PepsiCo lowered its fiscal 2026 earnings outlook as its North American operations continued to face margin pressure. PepsiCo’s third-quarter net revenue rose 5.6% year over year to $25.27 billion, beating analysts’ estimate of $24.96 billion. Core earnings per share increased 2% to $2.34, topping the $2.29 consensus estimate. Equities Trading UP Pacira BioSciences, Inc. ( NASDAQ: PCRX ) shares shot up 44% to $36.31 after the company announced it will be acquired by Viatris. Shares of Hallador Energy Company (NASDAQ: HNRG ) got a boost, surging 7% to $14.58 after the company announced that its subsidiary, Hallador Power Company, executed six-y
S. stocks traded lower midway through trading, with the Nasdaq Composite falling over 150 points on Thursday. 84. 65.
Leading and Lagging Sectors Energy shares jumped by 3% on Thursday. In trading on Thursday, health care stocks fell by 2%. Top Headline PepsiCo, Inc. (NASDAQ: PEP ) stock rose in Thursday’s premarket trading after the company reported better-than-expected third-quarter earnings and revenue.
However, PepsiCo lowered its fiscal 2026 earnings outlook as its North American operations continued to face margin pressure. 96 billion. 29 consensus estimate. Equities Trading UP Pacira BioSciences, Inc.
31 after the company announced it will be acquired by Viatris. 58 after the company announced that its subsidiary, Hallador Power Company, executed six-year capacity and energy agreements with an investment-grade MISO Zone 6 utility covering deliveries from the Merom Generating Station from June 1, 2029, through May 31, 2035. 44 after the company reported better-than-expected second-quarter adjusted EPS results and raised its FY27 GAAP EPS guidance. 39 after the company delivered mixed clinical updates, announcing positive Phase 2 trial results for one experimental pipeline candidate alongside the failure of a Phase 3 study for another therapy.
55 per unit. AngioDynamics, Inc. 53 after the company reported first-quarter results and named Eric Honroth as president and CEO. 90.
6015. Euro zone European shares were mostly lower today. 3%. 44%.
S. initial jobless claims fell by 2,000 to 197,000 in the week ending Oct. 3, compared to market estimates of 200,000. Photo via Shutterstock