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Crude Oil Moves Higher; Owens & Minor Shares Plummet
OMIOwens & Minor(OMI) Benzinga·2025-02-03 19:13

Market Overview - U.S. stocks experienced a decline, with the S&P 500 falling approximately 0.5% on Monday, closing at 6,008.22. The Dow decreased by 0.09% to 44,506.60, while the NASDAQ dropped 0.91% to 19,449.55 [1] - Consumer staples sector saw a rise of 0.7%, while information technology shares fell by 1.4% [1] Construction Spending - U.S. construction spending rose by 0.5% month-over-month, reaching an annual rate of 2,192billioninDecember,followingarevised0.22,192 billion in December, following a revised 0.2% increase in November [2][10] Commodity Prices - Oil prices increased by 0.6% to 72.95, gold rose by 0.8% to 2,857.30,silvergained0.82,857.30, silver gained 0.8% to 32.530, and copper saw a rise of 1% to 4.3195[5]EuropeanMarketPerformanceEuropeansharesdeclined,withtheeurozonesSTOXX600fallingby0.874.3195 [5] European Market Performance - European shares declined, with the eurozone's STOXX 600 falling by 0.87%, Germany's DAX 40 down 1.40%, and France's CAC 40 decreasing by 1.20% [6] Asian Market Performance - Asian markets closed lower, with Japan's Nikkei 225 down 2.66%, Hong Kong's Hang Seng Index falling 0.04%, and India's BSE Sensex decreasing by 0.41% [7] Company-Specific Movements - HCW Biologics Inc. saw a significant increase in shares, rising 131% to 0.6431 after FDA clearance for its Phase 1 trial [9] - Triumph Group, Inc. shares surged 34% to 25.14followinganagreementtogoprivateina25.14 following an agreement to go private in a 3 billion deal [9] - GH Research PLC shares increased by 81% to 19.17 after positive Phase 2b trial results for its inhalable depression treatment [9] - Owens & Minor, Inc. shares dropped 32% to 9.68 due to lower-than-expected revenue results [9] - Napco Security Technologies, Inc. shares fell 29% to 26.11followingsecondquarterresults[9]TonixPharmaceuticalsHoldingCorp.sharesdecreasedby5526.11 following second-quarter results [9] - Tonix Pharmaceuticals Holding Corp. shares decreased by 55% to 0.1941 after announcing a 1-for-100 reverse stock split [9]