Gold Rises Over 3%; Tvardi Therapeutics Shares Plunge

Benzinga
2025/10/14

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 500 points on Monday.

The Dow traded up 1.38% to 46,109.34 while the NASDAQ rose 2.26% to 22,705.26. The S&P 500 also rose, gaining, 1.70% to 6,663.67.

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Leading and Lagging SectorsInformation technology shares jumped by 2.1% on Monday.

In trading on Monday, consumer staples stocks fell by 0.7%.

Top Headline

Fastenal Company (NASDAQ:FAST) shares fell 5% on Monday after the company reported mixed third-quarter 2025 results.

The industrial supplies distributor posted revenue of $2.133 billion, up 11.7% year over year (Y/Y), slightly exceeding the consensus estimate of $2.129 billion. Fastenal reported earnings per share of 29 cents, missing the analyst expectations of 30 cents.

Equities Trading UP           

  • American Battery Technology Company (NASDAQ:ABAT) shares shot up 39% to $9.35. American Battery Technology Company completed all required NEPA baseline studies for its Tonopah Flats Lithium Project, one of the largest critical mineral lithium projects in the U.S.
  • Shares of Solidion Technology, Inc. (NASDAQ:STI) got a boost, surging 182% to $15.36 after the company announced the development of a next-generation Uninterruptible Power Supply (UPS) system designed specifically for the rapidly expanding artificial intelligence (AI) data center market.
  • Bloom Energy Corporation (NYSE:BE) shares were also up, gaining 25% to $108.75 after the company announced a $5 billion partnership with Brookfield Asset Management Inc. (NYSE:BAM) to implement a reimagined future for AI infrastructure.

Equities Trading DOWN

  • Tvardi Therapeutics, Inc. (NASDAQ:TVRD) shares dropped 83% to $6.91 after the company said preliminary data from Phase 2 REVERT trial of TTI-101 in idiopathic pulmonary fibrosis show that the study did not meet its goals.
  • Shares of Strive Asset Management, LLC (NASDAQ:ASST) were down 37% to $0.9797.
  • Beyond Meat, Inc. (NASDAQ:BYND) was down, falling 46% to $1.0800 as the company announced early tender results and early settlement for exchange offer and consent solicitation with respect to existing convertible notes.

CommoditiesIn commodity news, oil traded up 1.7% to $59.87 while gold traded up 3.2% at $4,126.80.

Silver traded up 6.7% to $50.415 on Monday, while copper rose 5.2% to $5.1505.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 rose 0.16%, while Spain's IBEX 35 Index rose 0.14%. London's FTSE 100 rose 0.01%, Germany's DAX 40 rose 0.32% and France's CAC 40 slipped 0.19% during the session.

Asia Pacific Markets

Asian markets closed lower on Monday, with Hong Kong's Hang Seng index falling 1.52%, China's Shanghai Composite falling 0.19% and India's BSE Sensex declining 0.21%.

Economics

No major economic reports are scheduled for release today.

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