Key Points:
- The S&P 500 exhibited a decrease of 0.91%, the Nasdaq 100 index recorded a decline of 1.20%, and the Dow 30 index experienced a downturn of 1.22%.
- Tesla, Inc. (TSLA) and Advanced Micro Devices, Inc. (AMD) experienced significant declines of 4.98% and 3.37%, respectively.
- VivoPower International PLC (VVPR), Ashford Inc. (Holding Company) (AINC), and XTI Aerospace, Inc. (XTIA) were the top performers.
- Acorda Therapeutics, Inc. (ACOR), Verve Therapeutics, Inc. (VERV), and Canoo Inc. (GOEV) faced notable setbacks.
The U.S. stock markets faced a downturn, with key indices reflecting negative trends. At 01:55 PM (ET), the S&P 500 decreased by 0.91% to 5195.96. Similarly, the Nasdaq 100 index recorded a decline of 1.20%, settling at 18073.04. Meanwhile, the Dow 30 index experienced a downturn of 1.22%, reaching 39083.23.
NVIDIA Corporation (NVDA) saw a minor decrease of 1.09% to $893.76, while Tesla, Inc. (TSLA) faced a significant decline of 4.98% at $166.50. Advanced Micro Devices, Inc. (AMD) followed suit with a decrease of 3.37% to $177.17. However, Apple Inc. (AAPL) and Microsoft Corporation (MSFT) demonstrated relative stability, with AAPL declining 0.61% at $169.00 and MSFT losing 0.64% at $421.85.
Amidst the market’s volatility, several stocks emerged as gainers. VivoPower International PLC (VVPR) surged impressively by 346.21% to $6.47, followed by Ashford Inc. (Holding Company) (AINC), which increased by 107.21% to $4.60. XTI Aerospace, Inc. (XTIA) and GSI Technology, Inc. (GSIT) also witnessed notable gains, rising by 85.92% and 46.20%, respectively.
On the downside, some stocks struggled as losers in the turbulent market. Acorda Therapeutics, Inc. (ACOR) plummeted drastically by 76.32% to $3.19, followed by Verve Therapeutics, Inc. (VERV), which declined by 36.83% to $8.08. Canoo Inc. (GOEV) and CXApp Inc. (CXAI) also faced setbacks, showing decreases of 26.87% and 22.76%, respectively.
In currency markets, the euro to US dollar (EURUSD) pair stood at 1.07660, with the dollar increasing by 0.22%. Conversely, the US dollar to Japanese yen (USDJPY) pair saw a minor decline at 151.569 yen per dollar, a decrease of 0.03%. Meanwhile, the Australian dollar to US dollar (AUDUSD) pair rose to 0.65126, marking a gain of 0.37%. The US Dollar Index (DXY) recorded a slight dip at 104.794 (-0.16%), while the Euro Index (EXY) climbed by 0.25% to 107.70, and the Japanese Yen Index (JXY) increased by 0.08% to 65.98.
In commodities trading, Crude oil futures surged by 1.49% to $84.96, while Brent crude futures rose by 1.04% to $88.72. Henry Hub’s natural gas futures notably increased by 2.12% to $1.876. Similarly, RBOB gasoline futures experienced a modest uptick of 1.11% to $2.74. Gold futures climbed by 1.17% to reach $2283.5.
