U.S. stocks recorded losses as the Nasdaq Composite dropped over 100 points, signaling distress near the close of trading on Wednesday.
The Dow slid 0.52% to 37,518.35, the NASDAQ tumbled 0.98% to 14,621.38, and the S&P 500 followed suit, losing 0.61% to 4,713.82.
Winning and Losing Sectors
Energy shares made a positive move, with a rise of 0.8%, while real estate shares fell by 1.8% during the trading session.
Headline News
November’s job openings report displayed a decrease of 62,000 to 8.790 million, below market estimates of 8.85 million.
Stocks On The Rise
Sidus Space, Inc. SIDU witnessed an impressive 62% surge to reach $11.32 after securing a Tier 1 remote sensing license.
Shares of Trinity Place Holdings Inc. TPHS jumped 55% to $0.1774 following the company’s 8K Filing announcement regarding mortgage loan forbearance extension.
Sigma Additive Solutions, Inc. SASI also saw an increase, climbing by 47% to $4.2609 after issuing stocks in exchange for all the capital stock of NextTrip Holdings.
Stocks On The Decline
SoFi Technologies, Inc. SOFI noticed a 14% drop to $8.32 after being downgraded by Keefe, Bruyette & Woods.
Shares of Esperion Therapeutics, Inc. ESPR were down 21% to $2.2950 post announcing a $125 million amendment to its collaboration with Daiichi.
Nemaura Medical Inc. NMRD faced a significant 30% decrease to $0.1317 due to its strategic shift from Nasdaq to the OTC Markets.
Commodity Update
Oil rose by 3.3% to reach $72.72, while gold contracted by 1.6% to $2,040.20. Silver went down by 3.5% to $23.125, and copper fell 0.4% to land at $3.8635.
Euro Zone and Asia Pacific Markets
In the Eurozone, stocks closed with losses, and various market indices trended downwards across Europe. In the Asia Pacific region, major markets posted mixed results with indices varying, and data releases offering insight.
Economic Indicators
Recent economic data illustrated a slump in mortgage applications, a drop in job openings, and a contraction in factory activity, raising concerns within the economy.
