--- title: "Crude Oil Down Over 3%; US Business Inventories Surge In July" type: "News" locale: "en" url: "https://longbridge.com/en/news/299212569.md" description: "U.S. stocks traded mixed on Wednesday, with the Dow slipping 0.1% while the Nasdaq and S&P 500 rose. Tech led gains as energy fell, driven by a 3.2% drop in crude oil prices. Key economic data showed U.S. business inventories surged 0.8% in July, exceeding estimates. Retail sales also beat expectations, rising 1.2%. Individual stocks saw significant volatility, with Luxe Experience and DataMeds AI surging, while Cuprina Holdings dropped sharply following a public offering." datetime: "2026-09-16T16:33:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/299212569.md) - [en](https://longbridge.com/en/news/299212569.md) - [zh-HK](https://longbridge.com/zh-HK/news/299212569.md) generator: "portal-rs" --- # Crude Oil Down Over 3%; US Business Inventories Surge In July U.S. stocks traded mixed midway through trading, with the Dow Jones index falling around 0.1% on Wednesday. The Dow traded down 0.07% to 52,058.51 while the NASDAQ climbed 0.72% to 26,168.28. The S&P 500 also rose, gaining, 0.33% to 7,610.98. **Leading and Lagging Sectors** Information technology shares jumped by 0.9% on Wednesday. In trading on Wednesday, energy stocks fell by 1.9%. **Top Headline** U.S. business inventories rose by 0.8% month-over-month in July, following a revised 0.1% gain in the previous month and higher than market estimates of a 0.3% gain. **Equities Trading UP** - **LuxExperience BV-ADR (**NYSE:LUXE) shares shot up 19% to $8.47 after the company reported fourth-quarter results. - Shares of **DataMeds AI Inc** (NASDAQ:MEDS) got a boost, surging 264% to $5.89 after the company announced it acquired Helomics. - **Delixy Holdings Ltd (**NASDAQ:DLXY) shares were also up, gaining 70% to $0.70 after the company announced it entered into a non-binding letter of intent with Caog for acquisition or merger of up to 48% of shares in Tarbagatay Munay. **Equities Trading DOWN** - **Cuprina Holdings (Cayman) Ltd (**NASDAQ:CUPR) shares dropped 49% to $1.50 after the company announced the pricing of $4.97 million public offering. - Shares of **Xenetic Biosciences Inc (**NASDAQ:XBIO) were down 37% to $2.68 after the company announced a deal to acquire Santersus AG in an all-stock share exchange. - **Braskem SA** (NYSE:BAK) was down, falling 13% to $1.82 after UBS downgraded the stock from Neutral to Sell and lowered its price target from $4 to $1.5. **Commodities** In commodity news, oil traded down 3.2% to $102.41 while gold traded up 1.1% at $4,380.20. Silver traded up 1.7% to $64.95 on Wednesday, while copper rose 0.8% to $6.4940. **Euro zone** European shares were higher today. The eurozone’s STOXX 600 gained 0.5%, while Spain’s IBEX 35 Index rose 0.3%, London’s FTSE 100 rose 0.5%, Germany’s DAX gained 0.5%, while France’s CAC 40 climbed 0.5%. **Asia Pacific Markets** Asian markets closed higher on Wednesday, with Japan’s Nikkei 225 gaining 0.69%, Hong Kong’s Hang Seng index rising 0.19%, China’s Shanghai Composite rising 0.71% and India’s BSE Sensex gaining 0.45%. **Economics** - The New York Fed’s Services Business Activity Index fell to -8.7 in September from 0.5 in the previous month. - U.S. export prices rose 0.6% month-over-month in August, following a 1.4% decline in July and versus market expectations of a 0.5% gain. - U.S. import prices rose by 0.7% month-over-month in August, compared to market estimates of a 0.4% increase. - U.S. retail sales rose 1.2% month-over-month in August, compared to a revised 0.5% decline in July, and versus market estimates of a 0.8% gain. - The volume of mortgage applications declined by 4.1% during the second week of September. - The NAHB/Wells Fargo Housing Market Index declined to 32 in September from 35 in August. - U.S. business inventories rose by 0.8% month-over-month in July, following a revised 0.1% gain in the previous month and higher than market estimates of a 0.3% gain. - U.S. crude inventories dropped by 0.64 million barrels in the week ended Sept. 11, compared to market estimates of a 1.6 million-barrel decline. *Photo via Shutterstock* ### Related Stocks - [CUPR.US](https://longbridge.com/en/quote/CUPR.US.md) - [LUXE.US](https://longbridge.com/en/quote/LUXE.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [VOO.US](https://longbridge.com/en/quote/VOO.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [SPY.US](https://longbridge.com/en/quote/SPY.US.md) - [SCO.US](https://longbridge.com/en/quote/SCO.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [QQQM.US](https://longbridge.com/en/quote/QQQM.US.md) - [DIA.US](https://longbridge.com/en/quote/DIA.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [ONEQ.US](https://longbridge.com/en/quote/ONEQ.US.md) - [QQEW.US](https://longbridge.com/en/quote/QQEW.US.md) - [QQQE.US](https://longbridge.com/en/quote/QQQE.US.md) - [TQQQ.US](https://longbridge.com/en/quote/TQQQ.US.md) - [QLD.US](https://longbridge.com/en/quote/QLD.US.md) - [PSQ.US](https://longbridge.com/en/quote/PSQ.US.md) - [SQQQ.US](https://longbridge.com/en/quote/SQQQ.US.md) - [QID.US](https://longbridge.com/en/quote/QID.US.md) - [DDM.US](https://longbridge.com/en/quote/DDM.US.md) - [UDOW.US](https://longbridge.com/en/quote/UDOW.US.md) - [DOG.US](https://longbridge.com/en/quote/DOG.US.md) - [SDOW.US](https://longbridge.com/en/quote/SDOW.US.md) - [DXD.US](https://longbridge.com/en/quote/DXD.US.md) - [IVV.US](https://longbridge.com/en/quote/IVV.US.md) - [SPLG.US](https://longbridge.com/en/quote/SPLG.US.md) - [SPXL.US](https://longbridge.com/en/quote/SPXL.US.md) - [UPRO.US](https://longbridge.com/en/quote/UPRO.US.md) - [SSO.US](https://longbridge.com/en/quote/SSO.US.md) - [SH.US](https://longbridge.com/en/quote/SH.US.md) - [SPXS.US](https://longbridge.com/en/quote/SPXS.US.md) - [SPXU.US](https://longbridge.com/en/quote/SPXU.US.md) - [SDS.US](https://longbridge.com/en/quote/SDS.US.md) - [SPYI.US](https://longbridge.com/en/quote/SPYI.US.md) - [JEPI.US](https://longbridge.com/en/quote/JEPI.US.md) - [XYLD.US](https://longbridge.com/en/quote/XYLD.US.md) - [MEDS.US](https://longbridge.com/en/quote/MEDS.US.md) - [DLXY.US](https://longbridge.com/en/quote/DLXY.US.md) - [XBIO.US](https://longbridge.com/en/quote/XBIO.US.md) - [BAK.US](https://longbridge.com/en/quote/BAK.US.md) - [UBS.US](https://longbridge.com/en/quote/UBS.US.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) ## Related News & Research - [Exec tells investors to embrace AI: 'This thing is happening'](https://longbridge.com/en/news/298964114.md) - [Wall Street’s Biggest Bull Cuts His S&P 500 Target: The Problem Isn’t Corporate Profits](https://longbridge.com/en/news/299322359.md) - [Record diesel prices bring Iran war and Russian refinery strikes into focus](https://longbridge.com/en/news/299360945.md) - [Number of ships transiting Strait of Hormuz falls to 3 on Wednesday, data shows](https://longbridge.com/en/news/299266765.md) - [Asia Distillates-Diesel margins at record high; timespreads near five-month peak](https://longbridge.com/en/news/299161371.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**