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Dow Jumps Over 400 Points; US Services Activity Falls In December
Benzinga· 2026-01-06 17:58
Market Performance - U.S. stocks experienced an upward trend, with the Dow Jones increasing by over 400 points, up 0.86% to 49,397.20, while the NASDAQ rose 0.45% to 23,500.32 and the S&P 500 gained 0.48% to 6,934.99 [1] - European shares also saw gains, with the eurozone's STOXX 600 up 0.62%, Spain's IBEX 35 Index rising 0.49%, London's FTSE 100 increasing by 1.15%, Germany's DAX gaining 0.25%, and France's CAC 40 up 0.28% [6] - Asian markets closed mostly higher, with Japan's Nikkei 225 gaining 1.32%, Hong Kong's Hang Seng Index up 1.38%, China's Shanghai Composite surging 1.50%, while India's BSE Sensex fell by 0.44% [7] Sector Performance - Health care shares increased by 2% on Tuesday, indicating a strong performance in this sector [1] - Energy stocks, however, dipped by 1.2%, reflecting a decline in this sector [1] Company News - Alumis Inc. shares surged 132% to $19.30 after positive Phase 3 trial results for envudeucitinib in plaque psoriasis [8] - Aeva Technologies Inc. saw a 25% increase in shares to $16.30 following the selection of its LiDAR technology for NVIDIA's autonomous vehicle platform [8] - Cyclerion Therapeutics Inc. shares rose by 47% to $2.04 due to an expanded collaboration with Medsteer [8] - Instil Bio Inc. shares dropped 51% to $6.05 after discontinuing clinical development of AXN-2510 [8] - MOBIX LABS, INC. shares fell 45% to $0.18 after pricing a $6 million offering of common stock [8] - AngioDynamics, Inc. shares decreased by 15% to $11.22 following disappointing second-quarter results [8] Economic Indicators - The S&P Global services PMI declined to 52.5 in December from 54.1 in the previous month, lower than the preliminary reading of 52.9 [2][10] - The S&P Global composite PMI fell to 52.7 in December, marking the lowest level in eight months, down from 54.2 in the previous month [10]
Microchip Technology, Alumis, Terrestrial Energy, Bright Minds Biosciences And Other Big Stocks Moving Higher On Tuesday - Aeva Technologies (NASDAQ:AEVA), Albemarle (NYSE:ALB)
Benzinga· 2026-01-06 15:07
Group 1: Market Overview - U.S. stocks experienced an upward trend, with the Dow Jones index increasing by over 100 points on Tuesday [1] - Microchip Technology Inc's shares rose significantly after the company revised its fiscal third-quarter revenue expectations upward [1] Group 2: Microchip Technology Inc - Microchip now anticipates third-quarter fiscal 2026 net sales of approximately $1.185 billion, surpassing its previous guidance range of $1.109 billion to $1.149 billion [2] - The stock price of Microchip Technology increased by 8.1%, reaching $72.47 on Tuesday following the announcement [2] Group 3: Other Notable Stock Movements - Alumis Inc saw a remarkable 129% increase in its stock price to $19.04 after positive trial results for envudeucitinib [3] - Aeva Technologies Inc's stock rose by 31.5% to $17.21 due to its technology being selected for NVIDIA's autonomous vehicle platform [3] - Terrestrial Energy Inc's shares increased by 26.9% to $8.87 after securing an agreement with the U.S. Department of Energy [3] - Bright Minds Biosciences Inc gained 25% to $100.00 following successful Phase 2 trial results [3] - OneStream Inc's stock rose by 25.1% to $23.00 amid reports of a potential buyout [3] - Other companies such as SanDisk Corp, Beam Therapeutics Inc, and Albemarle Corp also recorded significant stock price increases [3]
Why Cyclerion Therapeutics Shares Are Trading Higher By 44%; Here Are 20 Stocks Moving Premarket - Aeva Technologies (NASDAQ:AEVA), Alumis (NASDAQ:ALMS)
Benzinga· 2026-01-06 09:45
Core Insights - Cyclerion Therapeutics Inc announced an expansion of its strategic collaboration with Medsteer to advance its closed-loop anesthetic platform CYC-126, resulting in a 44.2% increase in its share price to $1.99 in pre-market trading [1] Gainers - Kandal M Venture Ltd saw a 40.9% increase to $0.47 in pre-market trading after an 8% rise on Monday [4] - Aeva Technologies Inc rose 24.2% to $16.26 after its LiDAR technology was selected for NVIDIA's autonomous vehicle platform [4] - KALA BIO Inc gained 18.3% to $0.73 after settling approximately $10.6 million of debt [4] - Arbe Robotics Ltd increased by 17% to $1.52 following an 8% rise on Monday [4] - Alumis Inc rose 16.4% to $9.67, with topline data from its Phase 3 clinical program expected to be reported [4] - OneStream Inc surged 14.4% to $21.03 amid reports of a buyout deal [4] - Oriental Culture Holding Ltd increased by 14.1% to $0.043 after a significant share consolidation [4] - Big Tree Cloud Holdings Ltd rose 12.7% to $0.36 after receiving notifications from Nasdaq [4] - Zeta Global Holdings Corp gained 11.3% to $24.12 following a collaboration with OpenAI [4] Losers - MOBIX LABS, INC. fell 23.8% to $0.25 after announcing a public offering of common stock [4] - Fitell Corp decreased by 17.9% to $0.41 due to a share consolidation [4] - Datavault AI Inc dropped 12.4% to $1.26 after a significant rise on Monday [4] - BitVentures Ltd declined 9.7% to $13.33 after a previous gain [4] - SOLAI Ltd dipped 8.5% to $0.77 following a substantial increase on Monday [4] - Parazero Technologies Ltd fell 8% to $1.15 after a minor gain [4] - RedHill Biopharma Ltd shares decreased by 7.9% to $1.29 after a notable rise [4] - Zenas Biopharma Inc tumbled 6.6% to $15.50 after a significant drop following trial results [4] - Theravance Biopharma Inc dipped 6% to $17.07 after a decline on Friday [4] - Starfighters Space Inc fell 3.3% to $9.08 after a previous dip [5]