Nasdaq down over 100 points; Crude Oil up 1% – ABVC BioPharma…

Nasdaq down over 100 points; Crude Oil up 1% – ABVC BioPharma…

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US stocks traded lower in mid-trade, with the Nasdaq Composite shedding more than 100 points on Thursday.

The Dow fell 1.21% to 32,866.56, while the NASDAQ fell 1.20% to 10,332.92. The S&P 500 was also down 1.15% to 3,808.78.

Look at that: 5 tech stocks that could fly — and crash


Leading and lagging sectors


Energy stocks gained 1.2% on Thursday. Meanwhile top winner in the sector included NineEnergy Service, Inc. NINEup to 4% and NineEnergy Service, Inc. BATTLEincreased by 5%.


In Thursday trading, real estate stocks lost 2.7%.


top heading

U.S. crude inventories rose 1.694 million barrels in the week to December, the EIA said.

Stock trading UP

  • ABVC BioPharma, Inc. ABVC Shares soared 89% to $1.17 after the company announced that the FDA had approved its IND application, allowing the company to proceed with the clinical trial of ABV-1519 for the treatment of non-small cell lung cancer .
  • shares of NovoCure Limited NVCR received a boost, rising 60% to $112.54 after the company announced that the LUNAR study met its primary endpoint, demonstrating a statistically significant and clinically meaningful improvement in overall survival over standard therapies alone.
  • Bellerophon Therapeutics, Inc. BLPH Shares also rose, gaining 139% to $2.10 after the company announced it has entered into a licensing agreement to develop and commercialize INOpulse with Baylor BioSciences.

Stocks are trading down

  • Silvergate Capital Corporation S.I Shares fell 48% to $11.46 after the company reported select fourth-quarter preliminary financials and provided a business update. The company said it is reducing headcount by 40%.
  • shares of Bed Bath & Beyond Inc. BBBY declined 24% to $1.8260. The Company announced that it will miss its 10-Q filing deadline for the quarter ended November 26, 2022 and has also concluded that there are significant doubts as to its ability to continue as a going concern.
  • Nuwellis, Inc. NUWE was down, fell…

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