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Nasdaq Rises 100 Points; Chagee Shares Gain After Q3 Results

Avi Kapoor | Nov 28, 2025 14:46 | Source: www.benzinga.com

U.S. stocks traded higher this morning, with the Nasdaq Composite gaining around 100 points on Friday.

Following the market opening Friday, the Dow traded up 0.15% to 47,497.50 while the NASDAQ rose 0.44% to 23,314.64. The S&P 500 also rose, gaining, 0.24% to 6,829.29.

Check This Out: MongoDB Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts

Leading and Lagging Sectors

Communication services shares jumped by 1.1% on Friday.

In trading on Friday, health care stocks fell by 0.3%.

Top Headline

Shares of Chagee Holdings Limited (NASDAQ:CHA) gained around 4% on Friday after the company released earnings for the third quarter.

Non-GAAP net income fell to RMB502.8 million ($70.6 million), from RMB646.6 million in the year-ago quarter. Net revenues fell to RMB3,208.3 million ($450.7 million), from RMB3,541.2 million in the year-ago quarter.

Equities Trading UP

SMX (Security Matters) Public Limited Company (NASDAQ:SMX) shares shot up 81% to $31.42.
Shares of Pasithea Therapeutics Corp. (NASDAQ:KTTA) got a boost, surging 86% to $1.9700 after the company reported the pricing of $60 million public offering of common stock.
HeartBeam, Inc. (NASDAQ:BEAT) shares were also up, gaining 47% to $0.8887 after announcing its regulatory strategy following the Food and Drug Administration's Not Substantially Equivalent (NSE) decision on its 12-lead Electrocardiogram Synthesis Software.

Equities Trading DOWN

Rubico Inc. (NASDAQ:RUBI) shares dropped 29% to $0.1528 as the company reported a reverse stock split.
Shares of Tilray Brands, Inc. (NASDAQ:TLRY) were down 17% to $0.8605 after the company announced a reverse stock split.
ECD Automotive Design, Inc. (NASDAQ:ECDA) was down, falling 17% to $0.4429.

Commodities

In commodity news, oil traded up 0.6% to $58.99 while gold traded up 0.3% at $4,215.20.

Silver traded up 1.5% to $54.420 on Friday, while copper rose 0.2% to $5.2025.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 rose 0.1%, while Spain's IBEX 35 Index fell 0.1%. London's FTSE 100 rose 0.2%, Germany's DAX 40 gained 0.2% and France's CAC 40 rose 0.2% during the session.

Asia Pacific Markets

Asian markets closed mixed on Friday, with Japan's Nikkei gaining 0.17%, Hong Kong's Hang Seng falling 0.34%, China's Shanghai Composite rising 0.34% and India's BSE Sensex falling 0.02%.