Crude Oil Gains Over 1%; ISM Manufacturing PMI Falls In November - BitMine Immersion (AMEX:BMNR), CN Energy Group (NASDAQ:CNEY)
CNENYCNENY(US:CNEY) Benzinga·2025-12-01 17:31

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] - Energy shares increased by 1%, while utilities stocks decreased by 2.1% [1] Economic Indicators - The ISM manufacturing PMI fell to 48.2 in November, marking the lowest level in four months, down from 48.7 in the previous month and below market expectations of 48.6 [2][11] - The S&P Global manufacturing PMI was revised up to 52.2 in November from a preliminary reading of 51.9, but down from October's final reading of 52.5 [11] Commodity Market - Oil prices rose by 1.4% to $59.40, gold increased by 0.2% to $4,263.90, silver climbed 2.8% to $58.765, and copper rose 0.6% to $5.3050 [5] European Market - European shares were predominantly lower, with the eurozone's STOXX 600 down 0.20%, while Spain's IBEX 35 Index rose 0.11%. The FTSE 100 fell 0.18%, Germany's DAX 40 dipped 1.04%, and France's CAC 40 decreased by 0.32% [6] Asian Market - Asian markets closed mixed, with Japan's Nikkei down 1.89%, Hong Kong's Hang Seng up 0.67%, China's Shanghai Composite up 0.65%, and India's BSE Sensex down 0.08% [7] Company News - Q32 Bio Inc. shares surged 103% to $4.4404 after selling its Phase 2 complement inhibitor ADX-097 to Akebia 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 David Lazar as CEO and Chairman [9] - Sionna Therapeutics, Inc. shares fell 16% to $36.42 after being downgraded by RBC Capital from Sector Perform to Underperform [9] - CN ENERGY GROUP Inc shares dropped 17% to $1.2101 after announcing the launch of its PATHENBOT Robotics Solutions Platform [9] - Bitmine Immersion Technologies, Inc. shares fell 13% to $28.96, with crypto-linked stocks declining after Bitcoin fell below $86,000 [9]