Dow Falls 50 Points; US Initial Jobless Claims Decline - Anghami (NASDAQ:ANGH), Corcept Therapeutics (NASDAQ:CORT)

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.

Check This Out: How To Earn $500 A Month From UniFirst Stock Ahead Of Q1 Earnings

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.

Now Read This:

Alphabet To Rally Around 23%? Here Are 10 Top Analyst Forecasts For Wednesday

Photo via Shutterstock

ANGH Anghami Inc $3.83 65.1% Overview CORT Corcept Therapeutics Inc $35.23 -49.8% DLXY Delixy Holdings Ltd $0.8500 -39.7% INBS Intelligent Bio Solutions Inc $8.04 96.1% NCL Northann Corp $0.3016 55.5% SMX SMX (Security Matters) PLC $29.21 -43.2% Market News and Data brought to you by Benzinga APIs

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Add Comment

---

Posted In: Equities News Eurozone Commodities Intraday Update Markets Trading Ideas