Nasdaq Moves Lower; US Crude Oil Inventories Decline Sharply - Anghami (NASDAQ:ANGH), Corcept Therapeutics (NASDAQ:CORT)

U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 100 points on Wednesday.

The Dow traded down 0.28% to 48,229.87 while the NASDAQ slipped 0.26% to 23,359.33. The S&P 500 also fell, dropping, 0.26% to 6,878.07.

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Leading and Lagging Sectors

Utilities shares slipped by just 0.2% on Wednesday.

In trading on Wednesday, real estate stocks dipped by 0.8%.

Top Headline

U.S. crude oil inventories, excluding the Strategic Petroleum Reserve, dipped by 1.934 million barrels in the week ending Dec. 26, recording the largest weekly decline since mid-November and compared to market estimates of a 0.9 million-barrel fall.

Equities Trading UP
           

Anghami Inc. (NASDAQ: ANGH ) shares shot up 50% to $3.7306 after the company reported a year-over-year increase in H1 results. Shares of Vanda Pharmaceuticals Inc. (NASDAQ: VNDA ) got a boost, surging 32% to $9.28 after the company announced it received FDA approval of NEREUS for the prevention of vomiting Induced by motion. Intelligent Bio Solutions Inc. (NASDAQ: INBS ) shares were also up, gaining 102% to $8.27 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 52% to $34.04 after the company announced it received a Complete Response Letter for Relacorilant from the FDA. Shares of FuelCell Energy, Inc (NASDAQ: FCEL ) were down 10% to $7.18 after the company filed for an amended common stock offering. SMX (Security Matters) Public Limited Company (NASDAQ: SMX ) was down, falling 37% to $32.30.

Commodities

In commodity news, oil traded up 0.1% to $58.02 while gold traded down 0.8% at $4,351.00.

Silver traded down 7.3% to $72.255 on Wednesday, while copper fell 1.9% to $5.6710.

Euro zone

European shares were lower today. The eurozone's STOXX 600 slipped 0.14%, while Spain's IBEX 35 Index fell 0.27%. London's FTSE 100 fell 0.09%, and France's CAC 40 fell 0.23% 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. U.S. crude oil inventories, excluding the Strategic Petroleum Reserve, dipped by 1.934 million barrels in the week ending Dec. 26, recording the largest weekly decline since mid-November and compared to market estimates of a 0.9 million-barrel fall.

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ANGH Anghami Inc $3.84 65.5% Overview CORT Corcept Therapeutics Inc $36.06 -48.6% FCEL FuelCell Energy Inc $7.28 -8.31% INBS Intelligent Bio Solutions Inc $10.01 144.2% SMX SMX (Security Matters) PLC $22.90 -55.5% VNDA Vanda Pharmaceuticals Inc $8.88 26.4% Market News and Data brought to you by Benzinga APIs

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