Nasdaq Edges Higher; Baidu Shares Fall After Q3 Results
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U.S. stocks saw gains with the Dow up 1.24% and NASDAQ rising 0.09%. Baidu shares fell over 5% after reporting Q3 revenue of $4.78 billion, down 3% year-on-year. Quantum Computing and Snowflake shares surged 29% and 32%, respectively, following positive earnings. European markets closed higher, while Asian markets mostly declined. U.S. existing home sales rose 3.5%, but the Philadelphia Fed Manufacturing Index fell to -5.5. Initial jobless claims decreased by 6,000 to 213,000.