Key Points:
- The US stock market saw mixed performance; the S&P 500 index increased by 0.12%, the Nasdaq 100 declined by 0.18%, and the Dow 30 was up by 0.08%.
- Top gainers include Avalo Therapeutics, Inc. (AVTX), CERo Therapeutics Holdings, Inc. (CERO), Keyarch Acquisition Corp. (KYCH), and System1, Inc. (SST).
- Kodiak Sciences Inc. (KOD), Data Storage Corporation (DTST), MillerKnoll, Inc. (MLKN), and PAVmed Inc. (PAVM) suffered significant losses.
- The commodities market shows positive momentum with notable price increases in crude oil, natural gas, and gold futures.
The stock market exhibited a mixed performance in the latest trading session, with marginal movements in major indices and notable fluctuations among tech giants. At 02:15 PM (ET), the S&P 500 index showed a minimal increase of 0.12%, standing at 5254.67, while the Nasdaq 100 experienced a slight decline of 0.18% at 18247.47. Conversely, the Dow 30 index saw a modest rise, reaching 39791.78, up by 0.08%.
Tech stocks displayed varied movements, with NVIDIA Corporation (NVDA) recording a slight increase of 0.26% at $904.84. In contrast, Tesla, Inc. (TSLA) witnessed a decline of 1.58%, settling at $176.98. Meanwhile, Advanced Micro Devices, Inc. (AMD) experienced a modest gain of 0.67%, trading at $180.79. However, MicroStrategy Incorporated (MSTR) faced a notable decrease of 8.03% at $1765.00, and Apple Inc. (AAPL) also dipped by 0.92%, trading at $171.72. Meta Platforms, Inc. (META) saw a decrease of 1.15% at $488.20.
Among the top gainers, Avalo Therapeutics, Inc. (AVTX) surged impressively by 388.21%, reaching $23.19. It was followed by CERo Therapeutics Holdings, Inc. (CERO), which experienced significant growth, rising by 82.21% to $2.97. Additionally, Keyarch Acquisition Corporation (KYCH) saw a notable increase of 65.59%, trading at $11.60, while System1, Inc. (SST) witnessed a substantial gain of 55.65%, settling at $1.93.
However, some stocks faced significant losses, with Kodiak Sciences Inc. (KOD) declining by 28.12% to $5.36. Data Storage Corporation (DTST) also experienced a downturn, declining by 23.17% to $5.87. Furthermore, MillerKnoll, Inc. (MLKN) saw a decrease of 18.95% to $24.75, while PAVmed Inc. (PAVM) experienced a loss of 16.67% to $2.28.
The EUR to USD pair in the currency market stands at 1.07936, with the Euro weakening by 0.31% against the US Dollar. Conversely, the USD to JPY pair sees the Dollar strengthening slightly against the Yen, at 151.394, marking a 0.09% increase. Similarly, the AUD to USD pair slightly declines for the Australian Dollar at 0.65192, down by 0.19%. Meanwhile, currency indices depict the US Dollar index (DXY) at 104.512, appreciating by 0.21%, while the Euro (EXY) saw a slight decline by 0.31% at 107.95, and Japanese Yen (JXY) indices experienced marginal decreases by 0.08% at 66.06.
In the commodities market, Crude oil futures saw a notable increase, with a rise of 2.08%, reaching 83.04 USD per barrel. Similarly, Brent Crude Futures experienced a positive trend, climbing by 1.66% to 86.83 USD per barrel. Henry Hub Natural Gas Futures also witnessed a significant uptick, rising by 2.85% to 1.767 USD. RBOB Gasoline Futures followed suit, increasing by 1.98% to 2.7247 USD. Additionally, Gold Futures demonstrated a modest gain of 1.36%, reaching 2242.8 USD.
