U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 350 points on Wednesday.

The Dow traded down 0.55% to 48,922.97 while the NASDAQ declined 1.58% to 23,335.70. The S&P 500 also fell, dropping, 1.06% to 6,889.76.

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Leading and Lagging SectorsEnergy shares gained by 2% on Wednesday.

In trading on Wednesday, information technology stocks dipped by 1.3%.

Top Headline

U.S. retail sales increased 0.6% month-over-month in November, recording the largest surge since July, compared to a revised 0.1% drop in October.

Equities Trading UP           

• High Roller Technologies, Inc. (NYSE:ROLR) shares shot up 289% to $13.64 after the company announced it entered into a binding Letter of Intent with Crypto.com to launch an event-based prediction markets product in the United States of America.
• Shares of Clover Health Investments Corp (NASDAQ:CLOV) got a boost, surging 10% to $2.78 after the company reported a year-over-year increase in Membership Growth in its Medicare Advantage PPO plans. The company expects to achieve its first-ever FY GAAP net income profitability.
• Inspire Veterinary Partners Inc (NASDAQ:IVP) shares were also up, gaining 78% to $0.041. The veterinary services company filed a Certificate of Amendment on Jan. 9, increasing its authorized Class A common stock from 100 million to 700 million shares, according to a Securities and Exchange Commission filing.

Equities Trading DOWN

• Briacell Therapeutics Corp (NASDAQ:BCTX) shares dropped 53% to $5.09 after the company announced it priced its $30 million public offering of 5,366,726 units at $5.59 per unit.
• Shares of Plus Therapeutics Inc (NASDAQ:PSTV) were down 39% to $0.29 after the company announced the pricing of its $15 million public offering of 39.5 million units at $0.38 per unit.
• Hub Cyber Security Ltd (NASDAQ:HUBC) was down, falling 39% to $0.33 after the company announced a 1-for-15 reverse stock split effective January 16.

CommoditiesIn commodity news, oil traded up 1.3% to $61.97 while gold traded up 0.5% at $4,622.10.

Silver traded up 4.8% to $90.560 on Wednesday, while copper rose 0.3% to $6.0345.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 rose 0.19%, while Spain's IBEX 35 Index rose 0.43%. London's FTSE 100 gained 0.28%, Germany's DAX fell 0.40% and France's CAC 40 rose 0.10% during the session.

Asia Pacific Markets

Asian markets closed mixed on Wednesday, with Japan's Nikkei surging 1.48%, Hong Kong's Hang Seng Index gaining 0.56%, China's Shanghai Composite falling 0.31% and India's BSE Sensex falling 0.29%.

Economics

• U.S. retail sales increased 0.6% month-over-month in November, recording the largest surge since July, compared to a revised 0.1% drop in October.
• The U.S. current account deficit shrank by 9.2% to $226.4 billion in the third quarter, versus market estimates of a $238 billion gap.
• U.S. producer prices increased 0.2% month over month in November following a 0.1% growth in October and in-line with market expectations.
• U.S. crude stocks surged by 3.4 million barrels to 422.4 million barrels in the week ended Jan. 9, versus market estimates of a 2.2 million-barrel draw.

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