Marketdash
Back to News

Market Opens Higher as Jabil Crushes Earnings Expectations

MarketDash Editorial Team
5 hours ago
U.S. stocks climbed Wednesday morning with the Dow adding 150 points. Jabil's stronger-than-expected earnings led the headlines, while energy stocks rallied and individual names saw dramatic moves on merger news and clinical trial results.

U.S. markets opened in positive territory Wednesday, with the major indices moving higher across the board. The Dow Jones climbed 0.31% to 48,264.92, while the NASDAQ gained 0.12% to 23,139.88. The S&P 500 added 0.13% to reach 6,809.04.

Sector Performance Shows Energy Leading the Pack

Energy shares emerged as Wednesday's clear winner, rising 1% as oil prices climbed. On the flip side, information technology stocks slipped 0.1%, acting as a minor drag on the broader market.

Jabil Delivers a Solid Beat

Jabil Inc (JBL) reported first-quarter results that handily exceeded Wall Street's expectations. The company posted adjusted earnings of $2.85 per share, beating analyst estimates of $2.70 per share. Revenue also impressed, coming in at $8.305 billion versus the expected $8.086 billion.

Big Movers Higher

Vyne Therapeutics Inc (VYNE) shot up 66% to $0.67 after announcing a definitive merger agreement with Yarrow Bioscience. That's the kind of move that makes merger arbitrage interesting.

Agape ATP Corp (ATPC) surged 55% to $0.14, though the company itself seemed puzzled by the action. Management issued a statement saying they weren't aware of any material undisclosed developments or adverse conditions that would explain the recent volatility. Sometimes stocks just do weird things.

Aditxt Inc (ADTX) climbed 51% to $2.14 following the filing of a definitive proxy statement for a special stockholder meeting scheduled for January 30, 2026.

Big Movers Lower

Vistagen Therapeutics Inc (VTGN) crashed 79% to $0.90 after announcing its PALISADE-3 Phase 3 study failed to achieve its primary endpoint. Clinical trial failures remain one of the fastest ways to lose money in biotech.

Children's Place Inc (PLCE) dropped 34% to $4.83 after reporting third-quarter results that missed expectations.

Kyverna Therapeutics Inc (KYTX) fell 31% to $7.08 following the announcement of a $100 million public offering of common stock. Dilution concerns hit the stock hard.

Commodities Rally Across the Board

Oil traded up 1.4% to $56.06, while gold gained 1% to reach $4,376.70. Silver had an especially strong session, jumping 4.6% to $66.26. Copper also participated in the rally, rising 1.7% to $5.4490.

International Markets Mixed

European markets showed mixed results. The eurozone's STOXX 600 gained 0.3%, while London's FTSE 100 jumped 1.6%. Spain's IBEX 35 Index edged up 0.1%, but Germany's DAX 40 slipped 0.2% and France's CAC 40 declined 0.4%.

Asian markets closed mostly higher Wednesday. Japan's Nikkei gained 0.26%, Hong Kong's Hang Seng rose 0.92%, and China's Shanghai Composite climbed 1.19%. India's BSE Sensex was the outlier, falling 0.14%.

Economic Data

Mortgage application volume fell 3.8% in the week ended December 12, reversing the previous period's 4.8% increase. The housing market continues to show sensitivity to interest rate conditions.

Back to News

Market Opens Higher as Jabil Crushes Earnings Expectations

MarketDash Editorial Team
5 hours ago
U.S. stocks climbed Wednesday morning with the Dow adding 150 points. Jabil's stronger-than-expected earnings led the headlines, while energy stocks rallied and individual names saw dramatic moves on merger news and clinical trial results.

U.S. markets opened in positive territory Wednesday, with the major indices moving higher across the board. The Dow Jones climbed 0.31% to 48,264.92, while the NASDAQ gained 0.12% to 23,139.88. The S&P 500 added 0.13% to reach 6,809.04.

Sector Performance Shows Energy Leading the Pack

Energy shares emerged as Wednesday's clear winner, rising 1% as oil prices climbed. On the flip side, information technology stocks slipped 0.1%, acting as a minor drag on the broader market.

Jabil Delivers a Solid Beat

Jabil Inc (JBL) reported first-quarter results that handily exceeded Wall Street's expectations. The company posted adjusted earnings of $2.85 per share, beating analyst estimates of $2.70 per share. Revenue also impressed, coming in at $8.305 billion versus the expected $8.086 billion.

Big Movers Higher

Vyne Therapeutics Inc (VYNE) shot up 66% to $0.67 after announcing a definitive merger agreement with Yarrow Bioscience. That's the kind of move that makes merger arbitrage interesting.

Agape ATP Corp (ATPC) surged 55% to $0.14, though the company itself seemed puzzled by the action. Management issued a statement saying they weren't aware of any material undisclosed developments or adverse conditions that would explain the recent volatility. Sometimes stocks just do weird things.

Aditxt Inc (ADTX) climbed 51% to $2.14 following the filing of a definitive proxy statement for a special stockholder meeting scheduled for January 30, 2026.

Big Movers Lower

Vistagen Therapeutics Inc (VTGN) crashed 79% to $0.90 after announcing its PALISADE-3 Phase 3 study failed to achieve its primary endpoint. Clinical trial failures remain one of the fastest ways to lose money in biotech.

Children's Place Inc (PLCE) dropped 34% to $4.83 after reporting third-quarter results that missed expectations.

Kyverna Therapeutics Inc (KYTX) fell 31% to $7.08 following the announcement of a $100 million public offering of common stock. Dilution concerns hit the stock hard.

Commodities Rally Across the Board

Oil traded up 1.4% to $56.06, while gold gained 1% to reach $4,376.70. Silver had an especially strong session, jumping 4.6% to $66.26. Copper also participated in the rally, rising 1.7% to $5.4490.

International Markets Mixed

European markets showed mixed results. The eurozone's STOXX 600 gained 0.3%, while London's FTSE 100 jumped 1.6%. Spain's IBEX 35 Index edged up 0.1%, but Germany's DAX 40 slipped 0.2% and France's CAC 40 declined 0.4%.

Asian markets closed mostly higher Wednesday. Japan's Nikkei gained 0.26%, Hong Kong's Hang Seng rose 0.92%, and China's Shanghai Composite climbed 1.19%. India's BSE Sensex was the outlier, falling 0.14%.

Economic Data

Mortgage application volume fell 3.8% in the week ended December 12, reversing the previous period's 4.8% increase. The housing market continues to show sensitivity to interest rate conditions.