Gold Edges Lower; Omeros Shares Jump - AMC Entertainment Hldgs (NYSE:AMC), Citius Pharmaceuticals (NASDAQ:CTXR)

U.S. stocks traded higher midway through trading, with the Dow Jones index surging more than 200 points on Wednesday.

the Dow traded up 0.48% to 48,673.55 while the NASDAQ rose 0.09% to 23,582.81. The S&P 500 also rose, gaining, 0.25% to 6,927.29.

Check This Out: S&P 500 Hits Record Close: Investor Sentiment Improves Further, Fear Index Remains In ‘Greed’ Zone

Leading and Lagging Sectors

Consumer staples shares rose by 0.7% on Wednesday.

In trading on Wednesday, communication services stocks fell by 0.1%.

Top Headline

U.S. initial jobless claims declined by 10,000 from the previous week to 214,000 in the week ending Dec. 20, compared to market estimates of 223,000.

Equities Trading UP
           

Edgewise Therapeutics Inc (NASDAQ: EWTX ) shares shot up 21% to $26.36. Edgewise Therapeutics on Wednesday shared updates from the ongoing CIRRUS-HCM Phase 2 trial of EDG-7500. Shares of Multi Ways Holdings Ltd (NYSE: MWG ) got a boost, surging 62% to $0.41 after the company reported a year-over-year increase in H1 EPS results. Omeros Corp (NASDAQ: OMER ) shares were also up, gaining 68% to $14.72 after the FDA approved YARTEMLEA to treat hematopoietic stem cell transplant–associated thrombotic microangiopathy.

Equities Trading DOWN

Hycroft Mining Holding Corporation (NASDAQ: HYMC ) shares dropped 10% to $24.56, retreating from a rally that saw the stock hit a new 52-week high on Tuesday. The volatility follows a collision of record-breaking commodity tailwinds and a major divestiture by high-profile backer AMC Entertainment Holdings Inc (NYSE: AMC ). Shares of Citius Pharmaceuticals Inc (NASDAQ: CTXR ) were down 24% to $0.80. Citius Pharmaceuticals reported better-than-expected earnings for the fourth quarter. SMX (Security Matters) PLC (NASDAQ: SMX ) was down, falling 9% to $135.00.

Commodities

In commodity news, oil traded down 0.2% to $58.28 while gold traded down 0.3% at $4,493.50.

Silver traded down 0.2% to $71.00 on Wednesday, while copper rose 0.2% to $5.5640.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 gained 0.1%, while Spain's IBEX 35 Index fell 0.06%. London's FTSE 100 fell 0.19%, Germany's DAX 40 rose 0.23% and France's CAC 40 slipped 0.01% during the session.

Asia Pacific Markets

Asian markets closed mixed on Wednesday, with Japan's Nikkei 225 falling 0.14%, Hong Kong's Hang Seng gaining 0.17%, China's Shanghai Composite rising 0.53% and India's BSE Sensex falling 0.14%.

Economics

U.S. initial jobless claims declined by 10,000 from the previous week to 214,000 in the week ending Dec. 20, compared to market estimates of 223,000.

Now Read This:

Jim Cramer Is Bullish On This Tech Stock: ‘Continue To Own It’

Photo via Shutterstock

AMC AMC Entertainment Holdings Inc $1.68 -0.30% Overview CTXR Citius Pharmaceuticals Inc $0.7963 -23.4% EWTX Edgewise Therapeutics Inc $26.07 19.9% HYMC Hycroft Mining Holding Corp $24.66 -9.14% MWG Multi Ways Holdings Ltd $0.4165 64.6% OMER Omeros Corp $15.96 82.4% SMX SMX (Security Matters) PLC $132.91 -10.6% Market News and Data brought to you by Benzinga APIs

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

Add Comment | 1

---

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