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The Dow Jones surged 700 points on Thursday, leading a broad rally as strong corporate earnings pushed major indexes toward their best monthly gains since 2020, shrugging off oil price concerns.

Best Buy has announced a leadership change, with CEO Corie Barry departing at the end of October. Long-time executive Jason Bonfig will take the helm as the company contends with soft comparable sales and a cautious consumer.

Soybean futures gained Thursday following USDA export sales data. In equities, Best Buy appears significantly undervalued, while Indian IT shares sold off sharply amid AI disruption concerns.