Nasdaq Falls Over 100 Points; Bank of America Posts Upbeat Earnings - Bank of America (NYSE:BAC), BriaCell Therapeutics (NASDAQ:BCTX)

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U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 100 points on Wednesday.

Following the market opening Wednesday, the Dow traded down 0.21% to 49,090.31 while the NASDAQ declined 0.67% to 23,551.77. The S&P 500 also fell, dropping, 0.47% to 6,931.31.

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Leading and Lagging Sectors

Energy shares gained by 0.9% on Wednesday.

In trading on Wednesday, consumer discretionary stocks dipped by 0.9%.

Top Headline

Bank of America Corp (NYSE: BAC ) reported upbeat fourth-quarter fiscal 2025 financial results on Wednesday.

The bank reported a net income of $7.6 billion (down from $6.80 billion a year ago) and EPS of 98 cents, beating the analyst consensus estimate of 96 cents. Revenue, net of interest expense, increased 7% year-over-year (Y/Y) to $28.532 billion, beating the analyst consensus estimate of $27.944 billion.

Equities Trading UP
           

High Roller Technologies, Inc. (NYSE: ROLR ) shares shot up 322% to $14.65 after the company announced it entered into a binding Letter of Intent with Crypto.com to launch an event-based prediction markets product in the United States of America. Shares of Lottery.com Inc (NASDAQ: SEGG ) got a boost, surging 87% to $0.96. Inspire Veterinary Partners Inc (NASDAQ: IVP ) shares were also up, gaining 99% to $0.046. The veterinary services company filed a Certificate of Amendment on Jan. 9, increasing its authorized Class A common stock from 100 million to 700 million shares, according to a Securities and Exchange Commission filing.

Equities Trading DOWN

Briacell Therapeutics Corp (NASDAQ: BCTX ) shares dropped 53% to $5.11 after the company announced it priced its $30 million public offering of 5,366,726 units at $5.59 per unit. Shares of Plus Therapeutics Inc (NASDAQ: PSTV ) were down 41% to $0.28 after the company announced the pricing of its $15 million public offering of 39.5 million units at $0.38 per unit. Hub Cyber Security Ltd (NASDAQ: HUBC ) was down, falling 40% to $0.32 after the company announced a 1-for-15 reverse stock split effective January 16.

Commodities

In commodity news, oil traded up 1% to $61.73 while gold traded up 1% at $4,643.70.

Silver traded up 5.8% to $91.365 on Wednesday, while copper rose 0.5% to $6.0450.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 rose 0.1%, while Spain's IBEX 35 Index rose 0.4%. London's FTSE 100 gained 0.3%, Germany's DAX fell 0.5% and France's CAC 40 rose 0.1% during the session.

Asia Pacific Markets

Asian markets closed mixed on Wednesday, with Japan's Nikkei surging 1.48%, Hong Kong's Hang Seng Index gaining 0.56%, China's Shanghai Composite falling 0.31% and India's BSE Sensex falling 0.29%.

Economics

U.S. retail sales increased 0.6% month-over-month in November, recording the largest surge since July, compared to a revised 0.1% drop in October. The U.S. current account deficit shrank by 9.2% to $226.4 billion in the third quarter, versus market estimates of a $238 billion gap. U.S. producer prices increased 0.2% month over month in November following a 0.1% growth in October and in-line with market expectations.

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BAC Bank of America Corp $53.58 -% Overview BCTX BriaCell Therapeutics Corp $4.85 -% HUBC Hub Cyber Security Ltd $0.3170 -% IVP Inspire Veterinary Partners Inc $0.0415 -% PSTV Plus Therapeutics Inc $0.3000 -% ROLR High Roller Technologies Inc $16.06 -% SEGG Lottery.com Inc $0.8014 -% Market News and Data brought to you by Benzinga APIs

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