Gold Down 3%; Legence Earnings Top Views

U.S. stocks traded mixed midway through trading, with the Dow Jones index gaining around 150 points on Thursday.

The Dow traded up 0.32% to 52,654.48 while the NASDAQ slipped 0.03% to 25,458.52. The S&P 500 also rose, gaining, 0.12% to 7,628.64.

Leading and Lagging Sectors

Energy shares jumped by 1.8% on Thursday.

In trading on Thursday, materials stocks fell 0.6%.

Top Headline

Legence Corp. (NASDAQ:LGN) reported better-than-expected third-quarter financial results and issued fourth-quarter sales guidance above estimates.

Legence reported quarterly earnings of $1.15 per share which beat the analyst consensus estimate of 54 cents per share. The company reported quarterly sales of $1.310 billion which beat the analyst consensus estimate of $1.261 billion.

Equities Trading UP
           

• AEVEX Corp. (NYSE:AVEX) shares shot up 17% to $13.79 as the company posted mixed financial results for the third quarter.
• Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) got a boost, surging 13% to $13.76 after the company reported better-than-expected third-quarter financial results and narrowed its FY26 sales guidance with its midpoint above estimates.
• Mobility Global, Inc. (NYSE:MBGL) shares were also up, gaining 13% to $22.48 after the company reported better-than-expected quarterly financial results and reaffirmed its FY2026 sales guidance.

Equities Trading DOWN

• Cardinal Infrastructure Group Inc (NASDAQ:CDNL) shares dipped 60% to $6.04 after the company reported third-quarter results and announced a stock buyback of up to $50 million.
• Shares of ADI Global Distribution Inc (NYSE:ADIG) were down 38% to $12.07 after the company posted third-quarter results.
• Paysafe Limited (NYSE:PSFE) was down, falling 37% to $4.31 following downbeat quarterly results.

Commodities 

In commodity news, oil traded up 0.5% to $86.96 while gold traded down 3% at $3,879.10.

Silver traded down 3.4% to $50.220 on Thursday, while copper fell 1.8% to $6.1770.

Euro zone

European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.1%, while Spain’s IBEX 35 Index slipped 0.1%, London’s FTSE 100 rose 0.2%, Germany’s DAX climbed 0.4%, while France’s CAC 40 surged 0.5%.

Asia Pacific Markets

Asian markets closed mostly lower on Thursday, with Japan’s Nikkei 225 falling 0.70%, Hong Kong’s Hang Seng index falling 1.26%, China’s SSE Composite Index dipping 0.67% and India’s BSE Sensex gaining 0.04%.

Economics

U.S. initial jobless claims increased by 9,000 to 200,000 in the week ending Nov. 7, compared to market estimates of 195,000.

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