Indonesia stocks lower at close of trade; IDX Composite Index down 0.53%

Investing.com – U.S. stocks were lower after the close on Thursday, as losses in the Technology, Basic Materials and Industrials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 0.84% to hit a new 1-month low, while the S&P 500 index lost 1.55%, and the NASDAQ Composite index lost 2.15%.

The best performers of the session on the Dow Jones Industrial Average were Walmart Inc (NYSE:WMT), which rose 6.51% or 6.55 points to trade at 107.16 at the close. Meanwhile, Procter & Gamble Company (NYSE:PG) added 0.85% or 1.25 points to end at 148.24 and Travelers Companies (NYSE:TRV) was up 0.84% or 2.40 points to 287.87 in late trade.

The worst performers of the session were Cisco Systems Inc (NASDAQ:CSCO), which fell 3.76% or 2.95 points to trade at 75.44 at the close. Boeing Co (NYSE:BA) declined 3.40% or 6.32 points to end at 179.38 and NVIDIA Corporation (NASDAQ:NVDA) was down 3.09% or 5.77 points to 180.75.

The top performers on the S&P 500 were Walmart Inc (NYSE:WMT) which rose 6.51% to 107.16, Regeneron Pharmaceuticals Inc (NASDAQ:REGN) which was up 5.03% to settle at 737.15 and GE HealthCare Technologies Inc (NASDAQ:GEHC) which gained 3.38% to close at 74.76.

The worst performers were Jacobs Engineering Group Inc (NYSE:J) which was down 10.95% to 129.17 in late trade, Micron Technology Inc (NASDAQ:MU) which lost 10.87% to settle at 201.36 and Insulet Corporation (NASDAQ:PODD) which was down 9.66% to 312.91 at the close.

The top performers on the NASDAQ Composite were Mobilehealth Network Solutions (NASDAQ:MNDR) which rose 82.53% to 3.03, Sonder Holdings Inc (NASDAQ:SOND) which was up 79.15% to settle at 0.17 and Epsium Enterprise Ltd (NASDAQ:EPSM) which gained 66.36% to close at 3.66.

The worst performers were Opthea Ltd (OTC:OPTEY) which was down 95.57% to 0.15 in late trade, Brera Holdings PLC (NASDAQ:SLMT) which lost 63.90% to settle at 2.09 and Creative Media & Community Trust Corporation (NASDAQ:CMCT) which was down 46.58% to 6.88 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2161 to 615 and 59 ended unchanged; on the Nasdaq Stock Exchange, 2538 fell and 858 advanced, while 141 ended unchanged.

Shares in Travelers Companies (NYSE:TRV) rose to all time highs; up 0.84% or 2.40 to 287.87. Shares in Opthea Ltd (OTC:OPTEY) fell to all time lows; losing 95.57% or 3.26 to 0.15. Shares in Brera Holdings PLC (NASDAQ:SLMT) fell to all time lows; falling 63.90% or 3.70 to 2.09.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 11.54% to 26.39 a new 6-months high.

Gold Futures for December delivery was down 0.11% or 4.54 to $4,078.26 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.83% or 0.49 to hit $58.76 a barrel, while the January Brent oil contract fell 0.60% or 0.38 to trade at $63.13 a barrel.

EUR/USD was unchanged 0.10% to 1.15, while USD/JPY rose 0.25% to 157.55.

The US Dollar Index Futures was up 0.03% at 100.19.

Investing.com -- S&P Global Ratings has revised CVR Energy Inc.’s outlook to stable from negative while affirming its ratings, citing supportive refining conditions expected to continue into 2026.

The rating agency expects Group 3 2:1:1 crack spreads to remain around $22-$24 per barrel on average into 2026, benefiting CVR’s refining margins. The company’s favorable position is supported by steady product demand, limited new global capacity, and tighter mid-Continent product supply.

A significant development for CVR came from the Environmental Protection Agency’s August 2025 ruling on the Small Refinery Exemption for Wynnewood Refining Company. The decision granted 100% waivers for 2019 and 2021 compliance periods and 50% waivers for 2020, 2022, 2023, and 2024 periods, reducing CVR’s Renewable Fuel Standard liability by 424 million renewable identification numbers, representing approximately $488 million as of September 30, 2025.

S&P Global Ratings projects CVR’s adjusted debt to EBITDA ratio at about 4.5x in 2025, improving to 3.5x-4.0x in 2026. The company has prioritized debt reduction, repaying $90 million on its term loan B in recent quarters.

CVR plans to convert its Wynnewood renewable diesel unit back to hydrocarbon processing due to regulatory changes and unfavorable economics in the renewables business. This conversion is expected to generate additional cash earnings for a segment that was previously cash-flow negative.

With no major turnarounds scheduled until 2027, S&P expects CVR to generate at least $125 million in free operating cash flow in 2026.

The rating agency indicated it could take negative action if adjusted leverage rises above 5x on a sustained basis, while a positive rating action could be considered if leverage remains below 2.5x under mid-cycle conditions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com -- CPI Aerostructures, Inc. (NYSE American:CVU) stock climbed 6.8% Thursday after the aerospace manufacturer announced it received authorization from Raytheon to begin manufacturing components for the Next Generation Jammer Mid-Band (NGJ-MB) program.

The initial funding for the Lot 5 production phase is set at $21.1 million with a not-to-exceed value of $42.3 million. Under the contract, CPI Aero will manufacture Pods and Air Management System (AMS) for deliveries beginning in 2027.

This latest award follows the U.S. Navy’s declaration of initial operational capability for the NGJ-MB Program in December 2024. The system will eventually replace the legacy ALQ-99 Tactical Jamming System currently used on EA-18G Growler aircraft.

"CPI is proud to be a key supplier to Raytheon across several Strategic Business Units and Product Lines," said Dorith Hakim, president and CEO of CPI Aero. "This award is in recognition of CPI Aero’s performance delivering Next Generation Jammer-Mid Band Pods and AMS on or ahead of schedule."

The NGJ-MB system utilizes digital, software-based and electronically scanned array technologies to disrupt enemy air defense and ground communication systems. Each EA-18G Growler aircraft requires two NGJ-MB Pods, with CPI Aero providing the Pod structure and associated Air Management Systems.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com -- Aris Mining Corp (TSX:ARIS) (NYSE-A:ARMN) stock rose 2.2% Thursday after the company announced it has entered into a binding term sheet to acquire the remaining 49% interest in the Soto Norte joint venture in Colombia from Mubadala.

The total consideration for the transaction is US$80 million, comprising US$60 million in cash and 1,739,130 newly issued Aris Mining common shares at a deemed price of US$11.50 per share. The deal, which includes termination of a precious metals stream previously granted to Mubadala, is expected to close by early December 2025.

The acquisition strengthens Aris Mining’s project pipeline and gives the company full strategic control over Soto Norte, positioning it to potentially become a 1-million-ounce-per-year gold producer. The transaction increases the company’s total attributable gold mineral reserves by 32.8% to 9.1 million ounces and mineral resources by 18.8% to 21.7 million ounces.

Soto Norte is a high-grade underground gold project with proven and probable mineral reserves of 20.3 million tonnes at 7.00 g/t Au containing 4.6 million ounces gold, supporting a 22-year initial mine life. The project has an after-tax NPV5% of $2.7 billion and IRR of 35.4% at a base case gold price of $2,600/oz.

Aris Mining first acquired a 20% interest in Soto Norte in April 2022 and increased its ownership to 51% in June 2024. The company completed a positive prefeasibility study in September 2025 and plans environmental licensing submissions for the first half of 2026.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com -- Vizsla Silver Corp. (NYSE:VZLA) stock fell 13% Thursday after the company priced a $250 million offering of convertible senior unsecured notes.

Shares traded at $4.05 in pre-market activity, down from Wednesday’s closing price of $4.67. The 5.00% convertible notes, due in 2031, will be initially convertible at approximately $5.84 per share, representing a 25% premium to Wednesday’s closing price.

The Vancouver-based mining company said it expects to receive approximately $239.4 million in net proceeds from the offering, which could increase to $285.9 million if initial purchasers exercise their option to buy an additional $50 million in notes.

Vizsla plans to use the proceeds to support exploration and development of its Panuco Project, potential future acquisitions, and general corporate purposes. The company will also allocate about $39.6 million to purchase cash-settled capped call transactions, which are designed to offset potential economic dilution upon conversion of the notes.

The notes will be convertible into shares, cash, or a combination at the company’s election. The initial conversion rate is 171.3062 common shares per $1,000 principal amount of notes.

In connection with the offering, Vizsla has entered into privately negotiated cash-settled capped call transactions with financial institutions. The cap price of these transactions is initially $10.5075 per share, representing a 125% premium to Wednesday’s closing price.

The offering is expected to close around November 24, 2025, subject to customary closing conditions including approval from the Toronto Stock Exchange and NYSE American.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.