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Crude Oil Surges with Clearmind Medicine Shares Plummeting Crude Oil Surges with Clearmind Medicine Shares Plummeting

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U.S. stocks were slightly lower toward the end of the trading day, with the Dow Jones index falling around 20 points on Thursday.


The Dow traded down 0.05% to 37,675 while the NASDAQ fell 0.05% to 14,962.80. The S&P 500 also fell, dropping 0.11% to 4,778.06.

Check This Out: Top 5 Materials Stocks That Are Ticking Portfolio Bombs

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Energy Up, Utilities Down

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Energy shares rose by 0.1% on Thursday.

In trading on Thursday, utilities shares fell by 2.3%.

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Top News Update

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U.S. natural-gas supplies fell 140 billion cubic feet during the week ended Jan. 5, 2024, the EIA said.

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Stocks on the Rise and Fall

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First Financial Northwest, Inc. FFNW shares shot up 48% to $20.20. Global Credit Union announced plans to acquire First Financial Northwest Bank for all-cash consideration of $231.2 million.

Shares of SEALSQ Corp LAES surged 51% to $2.9499. SEALSQ announced that its FY23 revenue hit $30 million, a significant increase of 29% year-over-year, exceeding its Q3 outlook of growth in excess of 20%.

Transphorm, Inc. TGAN shares gained 25% to $4.75 after Renesas Electronics announced plans to acquire the company for $5.10 per share in cash.


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Equities in Decline

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Clearmind Medicine Inc. CMND shares dropped 41% to $1.7275. Clearmind Medicine reported pricing of $2.4 million registered direct and private placement.

Shares of Richardson Electronics, Ltd. RELL were down 21% to $9.87 after the company posted weaker-than-expected results for its second quarter.

Office Properties Income Trust OPI fell 39% to $3.7850 after the company reduced its quarterly dividend to $0.01 per share.

Also Check This Out: How To Earn $500 A Month From Citigroup Stock Ahead Of Q4 Earnings Report

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Commodity Market Update

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In commodity news, oil surged 0.9% to $72.02 while gold dropped 0.4% to $2,020.20.

Silver fell 1.5% to $22.715 on Thursday while copper rose 0.1% to $3.7815.

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Euro zone Market Overview

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European shares were lower today. The eurozoneโ€™s STOXX 600 fell 0.77%, Londonโ€™s FTSE 100 fell 0.98% while Spainโ€™s IBEX 35 Index fell 0.62% The German DAX fell 0.86% French CAC 40 fell 0.52% while Italyโ€™s FTSE MIB Index fell 0.66%.

Industrial production in Spain increased by 0.8% year-over-year in November, while Italyโ€™s industrial production declined by 1.5% month-over-month in November.

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Asia Pacific Market Report

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Asian markets closed higher on Thursday, with Japanโ€™s Nikkei 225 gaining 1.77%, Hong Kongโ€™s Hang Seng Index rising 1.27% and Chinaโ€™s Shanghai Composite Index gaining 0.31%. Indiaโ€™s S&P BSE Sensex, meanwhile, rose 0.1%.

Chinaโ€™s vehicle sales jumped 23.5% year-over-year in December to 3.156 million units, following a 27.4% surge in November. The index of leading economic indicators in Japan fell to 107.7 in November versus a final reading of 108.9 in the earlier month, while index of coincident economic indicators fell to 114.5 in November compared to a final 115.9 a month ago. Reserve assets in Japan climbed to $1.295 trillion in December from $1.270 trillion a month ago, recording the highest level since July 2022.


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Economic Indicators

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U.S. consumer prices increased by 0.3% month-over-month in December compared to a 0.1% rise in November and versus market estimates of 0.2%.

The annual inflation rate rose to 3.4% in December versus a five-month low level of 3.1% in November, and compared to market estimates of 3.2%.

U.S. initial jobless claims declined by 1,000 from the prior weekโ€™s revised reading of 202,000 in the period ending Jan, 6, compared to market expectations of 210,000.

U.S. natural-gas supplies fell 140 billion cubic feet during the week ended Jan. 5, 2024, the EIA said.

Now Read This: Chewy To Rally Over 50%? Here Are 10 Top Analyst Forecasts For Thursday

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