Wall Street is quiet ahead of holiday closures as markets await new U.S. economic data
Fastcompany·2025-12-23 18:51

Company Highlights - Shares of Danish pharmaceutical company Novo Nordisk increased by over 7% following U.S. regulators' approval of a pill version of the weight-loss drug Wegovy, marking it as the first daily oral medication for obesity treatment [2] - Hanwha Ocean, a South Korean shipbuilder, saw its shares rise by 12.5% after President Donald Trump announced plans for the company to assist in building a new class of U.S. battleships at the Hanwha Philly shipyard [8] Industry Insights - The price of gold reached $4,523.30 per ounce, reflecting a 1.2% increase, while silver rose to $69.71 per ounce, up by 1.7%, indicating consistent gains in precious metals throughout the year [3] - Oil prices experienced a slight increase, with U.S. benchmark crude at $58.05 per barrel and Brent crude at $62.14 per barrel, despite being down approximately 19% since the beginning of 2025 due to lagging demand [3][4]