US Stocks Mixed; Dow Falls Over 100 Points - Baidu (NASDAQ:BIDU), ChowChow Cloud Internatio (AMEX:CHOW)
Benzinga·2026-01-02 14:45

Market Overview - U.S. stocks showed mixed performance, with the Dow Jones index falling over 100 points, down 0.21% to 47,960.85, while NASDAQ decreased by 0.93% to 23,458.32. The S&P 500 rose by 0.36% to 6,870.03 [1] - Information technology shares increased by 1.5% on the same day [1] Sector Performance - Real estate stocks experienced a decline of 0.7% [2] Company News - Baidu Inc. (NASDAQ:BIDU) shares rose following the announcement of a proposed spinoff and separate listing of Kunlunxin (Beijing) Technology Co., Ltd. on the Hong Kong Stock Exchange [3] Commodity Market - Oil prices fell by 0.8% to $56.95, while gold prices increased by 0.9% to $4,380.20. Silver rose by 3.9% to $73.350, and copper saw a 0.5% increase to $5.7105 [6] Global Market Performance - European shares were up, with the eurozone's STOXX 600 gaining 0.6%, Spain's IBEX 35 Index rising 0.8%, and London's FTSE 100 increasing by 0.4% [7] - Asian markets closed higher, with Hong Kong's Hang Seng Index surging 2.76% and India's BSE Sensex gaining 0.67% [8] Company Stock Movements - ChowChow Cloud International Holdings Limited (NYSE:CHOW) shares surged 51% to $0.9364 after reporting year-over-year revenue and net income growth for H1 2025 [10] - Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) shares increased by 55% to $5.24 following the issuance of FY26 guidance [10] - AgEagle Aerial Systems, Inc. (NYSE:UAVS) shares rose by 31% to $1.0743 after selling six tactical mapping drones to the U.S. Army [10] - Outlook Therapeutics, Inc. (NASDAQ:OTLK) shares dropped 56% to $0.6801 after receiving a complete response letter from the FDA regarding its biologics license application [10] - Oriental Rise Holdings Limited (NASDAQ:ORIS) shares fell 18% to $1.22 [10] - Semilux International Ltd. (NASDAQ:SELX) shares decreased by 19% to $0.66 after receiving a Nasdaq delisting notification [10]