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Gold Down Over 1%; Salarius Pharmaceuticals Shares Surge

Market Performance - The Dow traded up 0.64% to 42,206.46 while the NASDAQ dipped 0.79% to 19,010.47 The S&P 500 fell 0.11% to 5,820.34 [1] - Energy shares rose by 1.6% while utilities shares tumbled by 1.8% [1] - European shares closed lower with the eurozone's STOXX 600 declining 0.55%, Germany's DAX 40 falling 0.41%, and France's CAC 40 dipping 0.30% [7] - Asian markets closed lower with China's Shanghai Composite Index falling 0.25%, Hong Kong's Hang Seng Index declining 1%, and India's BSE Sensex falling 1.36% [8] Commodities - Oil traded up 2.7% to $78.66 while gold traded down 1.4% at $2,677.60 Silver traded down 3.1% to $30.345 and copper rose 0.4% to $4.3195 [6] Equities Movement - Phio Pharmaceuticals Corp PHIO shares surged 426% to $6.43 after reporting promising results from its clinical study [10] - Salarius Pharmaceuticals Inc SLRX shares surged 159% to $4.04 following a merger agreement with Decoy Therapeutics [10] - Intra-Cellular Therapies Inc ITCI shares gained 34% to $127.42 after Johnson & Johnson agreed to acquire the company for $132.00 per share [10] - Moderna Inc MRNA shares dropped 20% to $33.67 after updating its 2025 revenue range to $1.5 billion to $2.5 billion, below analyst estimates [10] - Abercrombie & Fitch Co ANF shares fell 18% to $132.09 after issuing mixed guidance [10] - Comtech Telecommunications Corp CMTL shares fell 48% to $2.15 after announcing downbeat quarterly results [10] Economic Indicators - U S consumer inflation expectations for the year ahead remained unchanged at 3% in December [3][9]