Dow Jumps 300 Points; Procter & Gamble Shares Gain After Q2 Results
U.S. stocks rose, with the Dow Jones up 300 points to 49,387.01. Procter & Gamble shares gained 2% after reporting Q2 adjusted EPS of $1.88, beating estimates, but sales missed expectations. Notable stock movements included 60 Degrees Pharmaceuticals surging 297% and C3is Inc. dropping 37% after a reverse stock split. Commodities saw oil down 1.9% and gold up 0.2%. European and Asian markets also closed higher. U.S. initial jobless claims rose to 200,000, while the economy grew at an annualized rate of 4.4% in Q3.
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