Crude Oil Moves Lower; PowerFleet Shares Spike Higher

Market Overview - U.S. stocks traded lower, with the S&P 500 down approximately 0.2% on Wednesday, closing at 5,622.88 [1] - The Dow Jones Industrial Average decreased by 0.21% to 41,520.08, while the NASDAQ fell 0.25% to 17,584.86 [1] Sector Performance - Real estate shares increased by 0.2% on Wednesday [1] - Financials shares experienced a decline of 0.3% [1] Housing Market - U.S. housing starts rose by 9.6% from the previous month, reaching an annualized rate of 1.356 million units for August [2][8] - Building permits in the U.S. increased by 4.9% to an adjusted annual rate of 1.475 million in August [2][8] Notable Stock Movements - Intuitive Machines, Inc. (LUNR) shares surged 49% to $8.03 after securing a NASA contract valued at up to $4.82 billion [2] - Applied Therapeutics, Inc. (APLT) saw a 67% increase to $7.76 following the FDA's decision to forgo an advisory committee meeting [2] - PowerFleet, Inc. (AIOT) shares rose 15% to $5.32 after announcing a $200 million acquisition of Fleet Complete [2] Declining Stocks - NANO Nuclear Energy Inc. (NNE) shares fell 10% to $11.14 [3] - Wheeler Real Estate Investment Trust, Inc. (WHLR) shares dropped 18% to $7.62 due to a 1-for-3 reverse stock split announcement [3] - Cibus, Inc. (CBUS) shares decreased by 25% to $3.7786 after pricing a $12 million offering of 3 million shares at $4.00 each [3] Commodity Prices - Oil prices decreased by 0.8% to $70.65, while gold prices increased by 0.3% to $2,599.90 [4] - Silver prices fell by 0.3% to $30.90, and copper prices rose by 0.6% to $4.2990 [4] European Market Insights - The annual inflation rate in the Eurozone decreased to 2.2% in August, down from 2.6% in the previous month [5] - Construction output in the Eurozone fell by 2.2% year-over-year in July, compared to a revised 1.3% decline in the previous month [5] Asian Market Performance - Asian markets closed mostly higher, with Japan's Nikkei 225 and China's Shanghai Composite Index both gaining 0.49% [6] Japanese Trade Data - Japan's trade deficit narrowed to JPY 695.30 billion in August from JPY 940.10 billion in the same month last year, better than market expectations [7]