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Crude Oil Prices Surge and Beauty Health Stocks Plummet

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Amidst trading, U.S. stocks marked significant gains with the Dow Jones soaring approximately 500 points on Tuesday. The Dow surged by 1.42% to reach 34,833.89. Concurrently, the NASDAQ displayed a rise of 2.34% to hit 14,089.95, with the S&P 500 also gaining ground at 1.93% and settling at 4,496.87.

Leading and Lagging Sectors

The real estate sector witnessed a substantial surge of 4.6% on Tuesday. In contrast, the energy shares only saw a marginal increase of 0.2% during the trading session.

Top Headline

The annual inflation rate in the U.S. displayed a minor decline to 3.2% in October from 3.7% in both September and August. This figure was marginally lower than the market estimates of 3.3%.

Equities Trading UP

The shares of BioCardia, Inc. (NASDAQ: BCDA) soared by a staggering 206% to $1.22 following the FDA’s approval of its Phase 3 clinical trial for CardiAMP autologous cell therapy. Additionally, INVO Bioscience, Inc. (NASDAQ: INVO) witnessed a 28% surge, closing at $2.06, after reporting a narrower loss for the third quarter. Furthermore, Theseus Pharmaceuticals, Inc. (NASDAQ: THRX) experienced a 50% upsurge, reaching $3.21, subsequent to the announcement of its exploration of strategic alternatives.

Equities Trading DOWN

The Beauty Health Company (NASDAQ: SKIN) encountered a substantial drop of 60% to $1.54 due to weaker-than-expected financial results for its third quarter and a revision in its net sales outlook. The company also suspended its long-term full-year 2025 forecast. Moreover, the shares of Kubient, Inc. (NASDAQ: KBNT) plunged by 51% to $0.11 after announcing its voluntary delisting from the Nasdaq Capital Market. Similarly, Applied UV, Inc. (NASDAQ: AUVI) witnessed a 44% decline, settling at $0.1502, post the pricing of its $6.4 million upsized underwritten public offering of 42,666,666 units at $0.15 per unit.


In the realm of commodities, oil exhibited a notable increase of 1.6% to reach $79.50, while gold also experienced a 0.9% upsurge, closing at $1,967.70. Furthermore, silver witnessed a substantial 3.5% surge, closing at $23.14, whereas copper marked a 1.1% rise to reach $3.7045.


European shares displayed a positive trend with the STOXX 600 in the eurozone witnessing a gain of 1.43%. Additionally, London’s FTSE 100 rose by 0.34%, Spain’s IBEX 35 Index climbed by 1.76%, and the German DAX soared by 1.72%. Similarly, the French CAC 40 and Italy’s FTSE MIB Index also exhibited noteworthy increases at 1.58% and 1.42% respectively. The ZEW Indicator of Economic Sentiment for the Eurozone surged to 13.8 in November from the previous month’s 2.3. However, the GDP in the Eurozone experienced a 0.1% contraction in the three months to September, while the number of employed persons increased by 0.3% to 168.7 million during the same period. Additionally, the ZEW Indicator of Economic Sentiment for Germany reported a climb of 10.9 points to a reading of +9.8 in November. Moreover, the Spanish annual consumer price inflation was confirmed at 3.5% for October, while the number of job vacancies in the UK dwindled to 957,000 during August to October. Average weekly earnings, including bonuses, in the UK rose by 7.9% year-over-year to GBP 673 per week, with an unemployment rate of 4.2% in the third quarter.

Asia Pacific Markets

The Asian markets displayed a mixed trend on Tuesday, with Japan’s Nikkei 225 marking a rise of 0.34%, Hong Kong’s Hang Seng Index falling by 0.17%, and China’s Shanghai Composite Index gaining 0.31%. On another note, Indian wholesale prices witnessed a year-over-year decline of 0.52% in October, contrary to market expectations of a 0.2% fall.


The U.S. annual inflation rate eased to 3.2% in October from 3.7% in both September and August, slightly lower than the market estimates of 3.3%.

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