Crude Oil Gains 1%; Deere Posts Better-Than-Expected Earnings
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U.S. stocks showed mixed results, with the Dow Jones up 1.03% and NASDAQ down 0.10%. Deere & Co reported better-than-expected earnings, with a net sales decline of 28% year-over-year but beating revenue estimates. Quantum Computing and Snowflake saw significant stock increases after positive announcements. Oil prices rose by 1.1%, while European markets were mostly higher despite a drop in consumer confidence. Asian markets closed mostly lower. U.S. existing home sales increased by 3.5%, but the Philadelphia Fed Manufacturing Index fell significantly.