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Dow Dips 250 Points; US Producer Prices Fall
Benzinga· 2025-09-10 17:30
Market Overview - U.S. stocks exhibited mixed trading patterns, with the Dow Jones index declining over 250 points, down 0.56% to 45,456.80, while the NASDAQ rose 0.12% to 21,905.19 and the S&P 500 increased by 0.30% to 6,532.40 [1] - Information technology shares experienced a notable increase of 2.2% [1] - Consumer staples stocks fell by 1.3% [2] Economic Indicators - U.S. producer prices decreased by 0.1% month-over-month in August, contrasting with a revised 0.7% gain in July and falling short of market expectations of a 0.3% rise [3][12] - The volume of mortgage applications in the U.S. rose by 9.2% for the period ending September 5 [12] - U.S. wholesale inventories increased by 0.1% month-over-month to $908.1 billion in July, following a revised 0.2% gain in June [12] Commodity Market - Oil prices increased by 1.6% to $63.63, while gold rose by 0.1% to $3,685.40 [6] - Silver prices went up by 0.7% to $41.640, and copper rose by 1% to $4.6130 [6] Global Market Performance - European shares showed positive movement, with the eurozone's STOXX 600 rising by 0.01% and Spain's IBEX 35 Index increasing by 1.3% [7] - Asian markets closed higher, with Japan's Nikkei 225 gaining 0.87%, Hong Kong's Hang Seng up by 1.01%, China's Shanghai Composite rising by 0.13%, and India's BSE Sensex increasing by 0.40% [8] Company-Specific Developments - Wearable Devices Ltd. (WLDS) shares surged by 577% to $6.87 following a year-over-year increase in H1 EPS results and the announcement of a new patent [10] - Cuprina Holdings (Cayman) Limited (CUPR) shares rose by 142% to $1.7009 after securing exclusive licensing rights for medical waste recycling technology [10] - Vimeo, Inc. (VMEO) shares increased by 61% to $7.74 as the company agreed to be acquired by Bending Spoons in a cash transaction valued at $1.38 billion [10] - YY Group Holding Limited (YYGH) shares dropped by 53% to $0.4394 after announcing the pricing of a registered offering of ordinary shares and warrants [10] - Synopsys, Inc. (SNPS) shares fell by 35% to $391.20 after reporting worse-than-expected third-quarter results and issuing lower fourth-quarter adjusted EPS guidance [10] - Rubrik, Inc. (RBRK) shares declined by 15% to $83.96 following the release of second-quarter results [10]