Crude Oil Down 2%; ISM Services PMI Surges In December
Benzinga·2026-01-07 17:25

Market Performance - U.S. stocks showed mixed trading, with the Nasdaq Composite gaining over 150 points, while the Dow decreased by 0.17% to 49,380.41 and the S&P 500 rose by 0.27% to 6,963.78 [1] - Health care shares increased by 1.1%, while materials stocks fell by 1.5% [1] Economic Indicators - The ISM services PMI rose for the third consecutive month to 54.4 in December, up from 52.6 in the previous month, exceeding market expectations of 52.3 [2][10] - U.S. job openings decreased by 303,000 to 7.146 million in November, marking the lowest level since December 2020 and falling short of market estimates of 7.60 million [10] - U.S. crude inventories dropped by 3.831 million barrels to 419.1 million barrels, contrary to market expectations of a 1.1 million barrel increase [10] Commodity Market - Oil prices fell by 2% to $56.01, while gold decreased by 0.6% to $4,469.30 [5] - Silver dropped by 5.1% to $76.89, and copper fell by 3.1% to $5.8740 [5] Company News - Innovative Eyewear Inc (NASDAQ:LUCY) shares surged by 47% to $1.74 after reporting preliminary fourth-quarter sales of approximately $1 million, a 45% year-over-year increase [9] - Ventyx Biosciences Inc (NASDAQ:VTYX) shares rose by 37% to $13.74 following reports of advanced acquisition talks with Eli Lilly & Co. for over $1 billion [9] - Monte Rosa Therapeutics Inc (NASDAQ:GLUE) shares increased by 51% to $24.10 after announcing interim data from a Phase 1 clinical study [9] - Datavault AI Inc (NASDAQ:DVLT) shares fell by 14% to $1.20 after disclosing a collaboration with a New York City retail destination [9] - Curis Inc (NASDAQ:CRIS) shares decreased by 15% to $0.85 after announcing a private placement totaling up to $80.8 million [9] - Bright Minds Biosciences Inc (NASDAQ:DRUG) shares dropped by 12% to $82.30 following the announcement of a $100 million public offering [9]