Dow Rises by 150 Points as Jabil Reports Positive Earnings
U.S. Stock Market Performance: U.S. stocks saw gains, with the Dow Jones rising approximately 150 points, while the NASDAQ and S&P 500 also experienced slight increases. Energy shares led the rise, up by 1%, while information technology stocks fell by 0.1%.
Earnings Reports: Jabil Inc reported better-than-expected earnings for its first quarter, with adjusted earnings of $2.85 per share, surpassing estimates. In contrast, Children's Place Inc faced a significant drop in shares following disappointing third-quarter results.
Notable Stock Movements: Vyne Therapeutics shares surged 66% after announcing a merger agreement, while Agape ATP Corp and Aditxt Inc also saw substantial increases in their stock prices. Conversely, Vistagen Therapeutics experienced a dramatic 79% drop after failing to meet study endpoints.
Global Market Trends: European shares were mixed, with the STOXX 600 gaining slightly, while Asian markets mostly closed higher, led by Japan and Hong Kong. Additionally, mortgage applications in the U.S. fell by 3.8% in the latest week.
Discover Tomorrow's Bullish Stocks Today
Analyst Views on PLCE
About PLCE
About the author

7-Eleven Appoints Interim Co-CEOs Following Joe DePinto's Retirement
- Leadership Change: 7-Eleven announced that Joe DePinto will retire at the end of 2025, with Stan Reynolds and Doug Rosencrans appointed as Interim Co-CEOs to ensure stability during the search for a new leader.
- Strategic Transformation: The new Co-CEOs will be responsible for driving the company's transformation and growth in the North American market, particularly in digital and logistics, to enhance overall business performance and shareholder value.
- Rich Experience: Stan Reynolds has served as President since 2023, bringing over 20 years of financial and strategic management experience, while Doug Rosencrans has been COO since 2022, overseeing profitability for over 13,000 stores.
- Future Outlook: The Board is engaged in a comprehensive search for DePinto's successor through a globally recognized executive search firm, aiming to find a candidate who can further advance 7-Eleven's transformation and enhance customer experience.

7-Eleven Appoints Interim Co-CEOs Following Joe DePinto's Retirement
- Leadership Transition: 7-Eleven announced that Joe DePinto will retire at the end of 2025, with Stan Reynolds and Doug Rosencrans appointed as Interim Co-CEOs, ensuring stability and continuity during the search for a new CEO.
- Strategic Transformation: The new leadership will drive a series of capital and business initiatives aimed at enhancing performance and creating shareholder value, indicating 7-Eleven's pursuit of stronger competitiveness in the rapidly evolving convenience store market.
- Market Expansion: As the largest convenience store chain in North America, 7-Eleven operates over 13,000 stores in the U.S. and Canada, with the new leadership team committed to further expanding market share and enhancing customer experience.
- Executive Background: Stan Reynolds has been President since 2023, overseeing finance and strategic transformation, while Doug Rosencrans has served as COO since 2022, responsible for supporting growth and profitability for over 13,000 stores, providing robust support for the company's future development.









