“`html
Market Overview
On Thursday, major U.S. stock indices closed lower, reversing earlier gains following Nvidia’s better-than-expected quarterly results. The Nasdaq Composite dipped by more than 2%, while the S&P 500 and Dow Jones Industrial Average saw smaller declines of 1.56% and 0.84%, respectively.
Key Stock Movements
PACS Group (NYSE: PACS) emerged as the top gainer, surging 56% after reporting a 31% year-over-year revenue increase to $1.34 billion and net income of $52.3 million. Exact Sciences (NASDAQ: EXAS) also rose by 17% following an acquisition agreement with Abbott Labs, which valued Exact Sciences at $105 per share, a 22% premium over its previous closing price.
In contrast, Bath & Body Works (NYSE: BBWI) fell by 25% after announcing a decline in quarterly sales and a negative forecast for the upcoming holiday quarter. SanDisk (NASDAQ: SNDK) also struggled, sliding 20% due to a broader pullback from AI-related stocks despite a positive outlook from analysts.
“`
