Nasdaq Moves Lower; US Crude Oil Inventories Decline Sharply

by | Dec 31, 2025 | General

U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 100 points on Wednesday.

The Dow traded down 0.28% to 48,229.87 while the NASDAQ slipped 0.26% to 23,359.33. The S&P 500 also fell, dropping, 0.26% to 6,878.07.

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Leading and Lagging Sectors

Utilities shares slipped by just 0.2% on Wednesday.

In trading on Wednesday, real estate stocks dipped by 0.8%.

Top Headline

U.S. crude oil inventories, excluding the Strategic Petroleum Reserve, dipped by 1.934 million barrels in the week ending Dec. 26, recording the largest weekly decline since mid-November and compared to market estimates of a 0.9 million-barrel fall.

Equities Trading UP
           

  • Anghami Inc. (NASDAQ:ANGH) shares shot up 50% to $3.7306 after the company reported a year-over-year increase in H1 results.
  • Shares of Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) got a boost, surging 32% to $9.28 after the company announced it received FDA approval of NEREUS for the prevention of vomiting Induced by motion.
  • Intelligent Bio Solutions Inc. (NASDAQ:INBS) shares were also up, gaining 102% to $8.27 after the company announced a strategic manufacturing partnership with Syrma Johari MedTech, to support and scale the production of its Intelligent Fingerprinting Drug Screening Reader.

Equities Trading DOWN

  • Corcept Therapeutics Incorporated (NASDAQ:CORT) shares dropped 52% to $34.04 after the company announced it received a Complete Response Letter for Relacorilant from the FDA.
  • Shares of FuelCell Energy, Inc (NASDAQ:FCEL) were down 10% to $7.18 after the company filed for an amended common stock offering.
  • SMX (Security Matters) Public Limited Company (NASDAQ:SMX) was down, falling 37% to $32.30.

Commodities

In commodity news, oil traded up 0.1% to $58.02 while gold traded down 0.8% at $4,351.00.

Silver traded down 7.3% to $72.255 on Wednesday, while copper fell 1.9% to $5.6710.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 slipped 0.14%, while Spain’s IBEX 35 Index fell 0.27%. London’s FTSE 100 fell 0.09%, and France’s CAC 40 fell 0.23% during the session.

Asia Pacific Markets

Asian markets closed mixed on Wednesday, with Hong Kong’s Hang Seng Index falling 0.87%, China’s Shanghai Composite gaining 0.09% and India’s BSE Sensex gaining 0.64%.

Economics

  • U.S. initial jobless claims declined by 16,000 to 199,000 in the week ending Dec. 27, compared to market estimates of 220,000.
  • U.S. crude oil inventories, excluding the Strategic Petroleum Reserve, dipped by 1.934 million barrels in the week ending Dec. 26, recording the largest weekly decline since mid-November and compared to market estimates of a 0.9 million-barrel fall.

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