Crude Oil Gains Over 1%; ISM Manufacturing PMI Falls In November

Market Overview - U.S. stocks experienced a decline, with the Dow Jones falling approximately 250 points, down 0.53% to 47,465.86, the NASDAQ down 0.22% to 23,313.48, and the S&P 500 down 0.26% to 6,831.40 [1] - European shares were mostly lower, with the eurozone's STOXX 600 down 0.20%, while Spain's IBEX 35 Index rose 0.11% [6] - Asian markets closed mixed, with Japan's Nikkei down 1.89% and Hong Kong's Hang Seng up 0.67% [7] Sector Performance - Energy shares increased by 1% on Monday, while utilities stocks fell by 2.1% [1] Economic Indicators - The ISM manufacturing PMI decreased to 48.2 in November, the lowest in four months, down from 48.7 in October and below market expectations of 48.6 [2][11] - The S&P Global manufacturing PMI was revised higher to 52.2 in November from a preliminary reading of 51.9, but still down from October's final reading of 52.5 [11] Commodity Prices - Oil prices rose by 1.4% to $59.40, gold increased by 0.2% to $4,263.90, silver rose by 2.8% to $58.765, and copper increased by 0.6% to $5.3050 [5] Company News - Q32 Bio Inc. shares surged 103% to $4.4404 after selling its Phase 2 complement inhibitor ADX-097 for $12 million upfront, with potential milestone and royalty payments up to $592 million [9] - New Fortress Energy Inc. shares rose 15% to $1.4050 following news of conditional approval for a large liquified natural gas supply contract [9] - KALA BIO, Inc. shares increased by 86% to $1.8004 after securing a $6 million securities purchase agreement and appointing a new CEO [9] - Sionna Therapeutics, Inc. shares dropped 16% to $36.42 after a downgrade from RBC Capital [9] - CN ENERGY GROUP Inc shares fell 17% to $1.2101 after announcing the launch of a new robotics solutions platform [9] - Bitmine Immersion Technologies, Inc. shares decreased by 13% to $28.96 as crypto-linked stocks fell following Bitcoin's drop below $86,000 [9]