Crude Oil Down 1%; US Wholesale Inventories Fall In November

Bluejay Diagnostics, Inc. -0.60%
CINGULATE INC. -0.10%
CytoSorbents Corporation +0.12%
SEALSQ Corp - Ordinary Shares -3.74%
Microbot Medical Inc -2.81%

Bluejay Diagnostics, Inc.

BJDX

0.55

-0.60%

CINGULATE INC.

CING

0.88

-0.10%

CytoSorbents Corporation

CTSO

0.80

+0.12%

SEALSQ Corp - Ordinary Shares

LAES

1.03

-3.74%

Microbot Medical Inc

MBOT

0.86

-2.81%

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 50 points on Thursday.

The Dow traded up 0.14% to 37,708.15 while the NASDAQ rose 0.19% to 15,127.17. The S&P 500 also rose, gaining, 0.14% to 4,788.28.

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Leading and Lagging Sectors

 

Health care shares jumped by 0.5% on Thursday.

In trading on Thursday, energy shares fell by 0.8%.

 

Top Headline

 

U.S. wholesale inventories declined by 0.2% month-over-month in November versus a 0.4% fall in the earlier month.

 

Equities Trading UP

 

Microbot Medical Inc. (NASDAQ:MBOT) shares shot up 40% to $1.85 after the company announced the completion of its GLP pivotal pre-clinical study.

Shares of Cingulate Inc. (NASDAQ:CING) got a boost, surging 124% to $8.92. On Tuesday, Cingulate received FDA guidance for CTx-1301 (dexmethylphenidate), its lead investigational product candidate for attention deficit hyperactivity disorder (ADHD).

SEALSQ Corp (NASDAQ:LAES) shares were also up, gaining 29% to $1.48 after the company announced its post-quantum semiconductor technology fortifies cryptocurrency security.

 

Equities Trading DOWN

 

Cytosorbents Corporation (NASDAQ:CTSO) shares dropped 43% to $0.9345.
CytoSorbents released an update on the initial data analysis of primary safety and effectiveness endpoints and the final independent Data and Safety Monitoring Board for the pivotal U.S. and Canadian STAR-T trial.

Shares of Bluejay Diagnostics, Inc. (NASDAQ:BJDX) were down 31% to $1.25. Bluejay Diagnostics announced pricing of $3.5 million public offering of 2,692,308 shares at $1.30 per share.

Velo3D, Inc. (NYSE:VLD) was down, falling 26% to $0.4679 after the company announced a registered direct offering.

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Commodities

 

In commodity news, oil traded down 1.2% to $73.26 while gold traded down 0.3% at $2,087.50.

Silver traded down 0.7% to $24.460 on Thursday while copper fell 0.8% to $3.9270.

 

Euro zone

 

European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.05%, London’s FTSE 100 rose 0.02% while Spain’s IBEX 35 Index fell 0.32% The German DAX fell 0.16% French CAC 40 fell 0.43% while Italy’s FTSE MIB Index fell 0.23%.

Spain's retail trade rose 5.2% year-over-year in November versus a revised 5.3% increase in the previous month.

 

Asia Pacific Markets

 

Asian markets closed mostly higher on Thursday, with Japan’s Nikkei 225 falling 0.42%, Hong Kong’s Hang Seng Index rising 2.52% and China’s Shanghai Composite Index gaining 1.38%. India’s S&P BSE Sensex, meanwhile, rose 0.52%.

Hong Kong’s trade deficit widened to $27.9 billion in November from $27.1 billion in the year-ago month. Industrial production in Japan fell by 0.9% month-over-month in November compared to a final 1.3% increase in the earlier month, while retail sales in Japan climbed 5.3% year-over-year in November.

 

Economics

 

U.S. initial jobless claims rose by 12,000 to 218,000 in the week ending Dec. 23, compared to market estimates of 210,000.

The U.S. trade deficit in goods increased to $90.3 billion in November versus a revised $89.6 billion in the prior month.

Wholesale inventories declined by 0.2% month-over-month in November versus a 0.4% fall in the earlier month.

Pending home sales in the U.S. came in unchanged in November versus a revised 1.2% decline in October.

U.S. natural-gas supplies fell 87 billion cubic feet last week, the EIA said.


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