Crude Oil Gains Over 1%; Hormel Foods Posts Upbeat Earnings

+36.70%

+4.12%

-18.84%

-25.82%

-15.50%

Avalon GloboCare ALBT	1.49	+36.70%
Array Technologies ARRY	7.58	+4.12%
Butterfly Network, Inc. Class A BFLY	3.79	-18.84%
Elong Power Holding Limited Class A ELPW	0.11	-25.82%
Eos Energy Enterprises, Inc. Class A EOSE	5.70	-15.50%

U.S. stocks traded lower midway through trading, with the S&P 500 falling over 1% on Thursday.

The Dow traded down 0.31% to 49,329.99 while the NASDAQ dipped 1.90% to 22,711.05. The S&P 500 also fell, dropping, 1.06% to 6,872.77.

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Leading and Lagging Sectors

Energy shares gained by 1% on Thursday.

In trading on Thursday, information technology stocks fell by 2.6%.

Top Headline

Hormel Foods Corp (NYSE:HRL) reported mixed first-quarter FY26 results on Thursday.

The company reported adjusted earnings per share of 34 cents, beating the analyst consensus estimate of 32 cents. However, sales of $3.03 billion missed the Street view of $3.07 billion.

Equities Trading UP

Avalon Globocare Corp (NASDAQ:ALBT) shares shot up 73% to $0.88 after the company announced that it has been accepted into the Advanced Micro Devices AI Developer Program.
Shares of Butterfly Network Inc (NYSE:BFLY) got a boost, surging 40% to $4.34 after the company reported better-than-expected fourth-quarter financial results and issued FY26 sales guidance above estimates.
Ibotta Inc (NYSE:IBTA) shares were also up, gaining 33% to $27.43 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter sales guidance above estimates.

Equities Trading DOWN

eLong Power Holding Ltd (NASDAQ:ELPW) shares dropped 56% to $0.14 as the company announced pricing of $7.0 million public offering.
Shares of Eos Energy Enterprises Inc (NASDAQ:EOSE) were down 38% to $6.86 after the company reported mixed fourth-quarter financial results and issued lower-than-expected FY26 sales guidance.
Array Technologies Inc (NASDAQ:ARRY) was down, falling 36% to $7.06 after the company reported fourth-quarter financial results and issued fY26 adjusted EPS guidance below estimates.

Commodities

In commodity news, oil traded up 1.2% to $66.21 while gold traded down 0.7% at $5,190.40.

Silver traded down 4% to $87.345 on Thursday, while copper fell 0.7% to $6.0010.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 fell 0.05%, while Spain's IBEX 35 Index rose 0.19%. London's FTSE 100 rose 0.37%, Germany's DAX gained 0.45% and France's CAC 40 rose 0.72% during the session.

Asia Pacific Markets

Asian markets closed mixed on Thursday, with Japan's Nikkei 225 gaining 0.29%, Hong Kong's Hang Seng index dipping 1.44%, China's Shanghai Composite falling 0.01% and India's BSE Sensex slipping 0.03%.

Economics

U.S. natural-gas stocks fell 52 billion cubic feet in the week ended Feb. 20, compared to market expectations of a 36 bcf draw.
U.S. initial jobless claims rose by 4,000 from the previous week to 212,000 during the third week of February, compared to market estimates of 215,000.

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