U.S. stocks traded mostly lower this morning, with the Dow Jones index falling more than 50 points on Wednesday.
Following the market opening Wednesday, the Dow traded down 0.09% to 48,322.35 while the NASDAQ slipped 0.01% to 23,417.48. The S&P 500 also fell, dropping, 0.04% to 6,893.58.
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Leading and Lagging Sectors
Information technology shares rose by 0.2% on Wednesday.
In trading on Wednesday, real estate stocks fell by 0.3%.
Top Headline
U.S. initial jobless claims declined by 16,000 to 199,000 in the week ending Dec. 27, compared to market estimates of 220,000.
Equities Trading UP
- Anghami Inc. (NASDAQ:ANGH) shares shot up 54% to $3.84 after the company reported a year-over-year increase in H1 results.
- Shares of Northann Corp. (NYSE:NCL) got a boost, surging 72% to $0.3332.
- Intelligent Bio Solutions Inc. (NASDAQ:INBS) shares were also up, gaining 56% to $6.38 after the company announced a strategic manufacturing partnership with Syrma Johari MedTech, to support and scale the production of its Intelligent Fingerprinting Drug Screening Reader.
Equities Trading DOWN
- Corcept Therapeutics Incorporated (NASDAQ:CORT) shares dropped 47% to $37.40 after the company announced it received a Complete Response Letter for Relacorilant from the FDA.
- Shares of Delixy Holdings Limited (NASDAQ:DLXY) were down 29% to $1.0001.
- SMX (Security Matters) Public Limited Company (NASDAQ:SMX) was down, falling 22% to $40.00.
Commodities
In commodity news, oil traded up 0.5% to $58.24 while gold traded down 0.7% at $4,355.20.
Silver traded down 7.5% to $72.045 on Wednesday, while copper fell 1.8% to $5.6805.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 slipped 0.1%, while Spain’s IBEX 35 Index fell 0.3%. London’s FTSE 100 fell 0.1%, and France’s CAC 40 fell 0.2% during the session.
Asia Pacific Markets
Asian markets closed mixed on Wednesday, with Hong Kong’s Hang Seng Index falling 0.87%, China’s Shanghai Composite gaining 0.09% and India’s BSE Sensex gaining 0.64%.
Economics
U.S. initial jobless claims declined by 16,000 to 199,000 in the week ending Dec. 27, compared to market estimates of 220,000.
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