--- title: "Crude Oil Surges Over 5%; Twin Vee Powercats Shares Jump" type: "News" locale: "en" url: "https://longbridge.com/en/news/292514649.md" description: "U.S. stocks declined mid-week, with the Nasdaq down 1.32% and Dow down 0.34%, driven by a risk-off sentiment impacting tech shares like Micron. Conversely, energy stocks rose 2.1% as crude oil surged over 5%. Twin Vee Powercats shares jumped 125% following a merger announcement, while other small caps saw significant volatility due to clinical trial results or delisting notices. Global markets remained mixed, and the U.S. monthly budget statement is scheduled for release." datetime: "2026-07-13T16:48:57.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292514649.md) - [en](https://longbridge.com/en/news/292514649.md) - [zh-HK](https://longbridge.com/zh-HK/news/292514649.md) --- # Crude Oil Surges Over 5%; Twin Vee Powercats Shares Jump U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 1% on Monday. The Dow traded down 0.34% to 52,459.22 while the NASDAQ fell 1.32% to 25,933.72 The S&P 500 also fell, dropping, 0.66% to 7,525.53. **Leading and Lagging Sectors** Energy shares jumped by 2.1% on Monday. In trading on Monday, information technology stocks fell by 1.2%. **Top Headline** **Micron Technology Inc**. (NASDAQ:MU) shares fell more than 5% on Monday as investors reduced exposure to high-growth technology stocks. The broader market’s risk-off tone appeared to be the main driver behind the decline. Micron is also consolidating after a strong 12-month rally, making the stock more vulnerable to profit-taking during periods of weaker market sentiment. **Equities Trading UP**            - **Twin Vee Powercats Co (NASDAQ:VEEE)** shares shot up 125% to $10.86 after the company announced a merger agreement to combine its boating operations with a USFM subsidiary in Greenland. - Shares of **Q32 Bio Inc** (NASDAQ:QTTB) got a boost, surging 69% to $18.97 after the company announced 36-week topline results from Part B of the SIGNAL-AA Phase 2a clinical trial. - **Agenus Inc (**NASDAQ:AGEN) shares were also up, gaining 108% to $6.97 after the company announced it will raise $85 million to fund its colon cancer drug trial. **Equities Trading DOWN** - **BNB Plus Corp (**NASDAQ:BNBX) shares dropped 57% to $0.16 after the company announced it received a Nasdaq delisitng notification. - Shares of **YSX Tech Co Ltd (**NASDAQ:YSXT) were down 37% to $0.64 after the company reported a year-over-year decrease in FY26 EPS results. - **SanDisk Corp** (NASDAQ:SNDK) was down, falling 9% to $1,738.89 as investors reduced exposure to growth stocks amid a broader risk-off market. **Commodities** In commodity news, oil traded up 5.3% to $75.18 while gold traded down 1.3% at $4,058.50. Silver traded down 2.7% to $58.525 on Monday, while copper rose 0.6% to $6.3225. **Euro zone** European shares were mixed today. The eurozone’s STOXX 600 declined 0.1%, while Spain’s IBEX 35 Index fell 0.01%. London’s FTSE 100 rose 0.01%, Germany’s DAX gained 0.1%, while France’s CAC 40 gained 0.3%. **Asia Pacific Markets** Asian markets closed mixed on Monday, with Japan’s Nikkei 225 falling 1.92%, Hong Kong’s Hang Seng index rising 0.16%, China’s Shanghai Composite dipping 2.06% and India’s BSE Sensex gaining 0.06%. **Economics** The US monthly budget statement will be released today. _Photo via Shutterstock_ ### Related Stocks - [VEEE.US](https://longbridge.com/en/quote/VEEE.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [OXY.US](https://longbridge.com/en/quote/OXY.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [MUU.US](https://longbridge.com/en/quote/MUU.US.md) - [DIA.US](https://longbridge.com/en/quote/DIA.US.md) - [MULL.US](https://longbridge.com/en/quote/MULL.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [MUD.US](https://longbridge.com/en/quote/MUD.US.md) - [DXD.US](https://longbridge.com/en/quote/DXD.US.md) - [QQEW.US](https://longbridge.com/en/quote/QQEW.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) - [USOI.US](https://longbridge.com/en/quote/USOI.US.md) - [ONEQ.US](https://longbridge.com/en/quote/ONEQ.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [QQQM.US](https://longbridge.com/en/quote/QQQM.US.md) - [DDM.US](https://longbridge.com/en/quote/DDM.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) - [MUYY.US](https://longbridge.com/en/quote/MUYY.US.md) - [MUZ.US](https://longbridge.com/en/quote/MUZ.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [QTTB.US](https://longbridge.com/en/quote/QTTB.US.md) - [AGEN.US](https://longbridge.com/en/quote/AGEN.US.md) - [BNBX.US](https://longbridge.com/en/quote/BNBX.US.md) - [YSXT.US](https://longbridge.com/en/quote/YSXT.US.md) - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [00847G804.US](https://longbridge.com/en/quote/00847G804.US.md) ## Related News & Research - [Goldman sees Brent exceeding $120/bbl in Q4 if Hormuz disruptions persist](https://longbridge.com/en/news/293282679.md) - [US Cash Crude-Coastal medium grades firm on Iran war worries, Gulf of Mexico tropical storm](https://longbridge.com/en/news/293378021.md) - [Micron Is Signing Deals in the Automotive Space. 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