Dow Surges 250 Points; M&T Bank Posts Upbeat Q3 Earnings

U.S. stocks traded mixed this morning, with the Dow Jones index gaining around 250 points on Friday.

Following the market opening Friday, the Dow traded up 0.48% to 52,429.32 while the NASDAQ fell 0.65% to 26,539.04. The S&P 500 also fell, dropping, 0.05% to 7,740.48.

Leading and Lagging Sectors

Energy shares jumped by 1.4% on Friday.

In trading on Friday, information technology stocks fell by 1.1%.

Top Headline

M&T Bank (NYSE:MTB) reported upbeat earnings for the third quarter on Friday.

The company posted quarterly earnings of $5.08 per share which beat the analyst consensus estimate of $4.96 per share. The company reported quarterly sales of $2.536 billion which beat the analyst consensus estimate of $2.533 billion.

Equities Trading UP
           

• Sangrix Inc (NASDAQ:SGRX) shares shot up 58% to $1.08 after the company announced November 2026 delivery schedule for 128-GPU NVIDIA Blackwell B300 project in Malaysia.
• Shares of Zenta Group Co Ltd (NASDAQ:ZTG) got a boost, surging 46% to $0.90 after the company announced its subsidiary ZentoAI has executed a binding MOU to acquire a controlling stake in a privately held digital technology service provider in mainland China.
• Rubico Inc. (NASDAQ:RUBI) shares were also up, gaining 32% to $0.4242. Rubico extended $3.7 million payment owed to TOP Ships to Oct. 31.

Equities Trading DOWN

• Fractyl Health (NASDAQ:GUTS) shares dipped 49% to $2.11 despite meeting a key REMAIN-1 endpoint, with the second co-primary endpoint and 12-month results expected in 2027.
• Shares of MDxHealth SA (NASDAQ:MDXH) were down 47% to $0.32 after the company announced preliminary third-quarter revenue and suspended its full-year 2026 revenue guidance of $110 million-$115 million.
• Curis Inc (NASDAQ:CRIS) was down, falling 28% to $0.36 after the company announced pricing of $8.5 million private placement priced at-the-market under Nasdaq rules with existing healthcare focused institutional investors.

Commodities 

In commodity news, oil traded down 0.2% to $97.75 while gold traded up 0.4% at $4,188.60.

Silver traded up 1.2% to $57.820 on Friday, while copper rose 1.1% to $6.6280.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 gained 0.6%, while Spain’s IBEX 35 Index rose 0.9%, London’s FTSE 100 rose 0.1%, Germany’s DAX jumped 1.1%, while France’s CAC 40 gained 0.4%.

Asia Pacific Markets

Asian markets closed higher on Friday, with Japan’s Nikkei 225 gaining 1.39%, Hong Kong’s Hang Seng Index rising 0.52%, China’s SSE Composite Index gaining 0.24% and India’s BSE Sensex surging 0.56%.

Economics

• The New York Fed’s Services Business Activity Index dipped to -20.7 in October from -8.7 in the previous month, recording its weakest level since March.
• U.S. export prices surged 2.2% in September, recording the largest monthly gain since April, following a 1.2% rise in August.
• U.S. import prices rose by 1.1% month-over-month in September, above market estimates of a 0.8% gain.

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