Major US Stock Indexes Show Modest Gains, Tech Stocks Leading the Surge

S&P 500 and Nasdaq 100 Show Modest Gains, Tech Stocks Lead Surge

Key Points:

  • U.S. stock indexes saw modest gains, with the S&P 500 index increasing 0.75%, the Nasdaq 100 increasing 1.23%, and the Dow 30 rising 0.26%.
  • Tesla, Inc. (TSLA) surged by 5.36%, Apple Inc. (AAPL) rose by 1.39%, and Alphabet Inc. (GOOG) experienced a significant gain of 4.81%.
  • Solidion Technology, Inc. (STI), Brand Engagement Network Inc. (BNAI), and Canoo Inc. (GOEV) were among the top stock gainers.
  • Sonder Holdings Inc. (SOND), TRxADE HEALTH, Inc. (MEDS), and Envoy Medical, Inc. (COCH) experienced significant declines.

In the latest trading session, major stock indexes in the United States showed modest gains, with tech stocks leading the surge. At 1:40 PM Eastern Time, the S&P 500 index stood at 5155.53, recording a modest increase of 0.75%. The Nasdaq 100 index demonstrated a more substantial gain, surging to 18027.82, marking a 1.23% increase. The Dow 30 index also recorded a slight uptick, reaching 38817.05, reflecting a rise of 0.26%.

Several prominent tech companies experienced mixed performance during the session. NVIDIA Corporation (NVDA) increased by 0.49%, trading at $882.63, while Tesla, Inc. (TSLA) surged by 5.36% to $172.34. Advanced Micro Devices, Inc. (AMD) saw a marginal increase of 0.16%, settling at $191.36, and Apple Inc. (AAPL) rose by 1.39% to $175.02. Alphabet Inc. (GOOG) experienced a significant gain of 4.81%, reaching $149.01. However, Super Micro Computer, Inc. (SMCI) faced a notable setback, plummeting 9.45% to $967.83.

In terms of stock gainers, Solidion Technology, Inc. (STI) soared by an impressive 75.86%, trading at $3.06. Brand Engagement Network Inc. (BNAI) also witnessed substantial growth, surging by 79.64% to $18.97, and Canoo Inc. (GOEV) followed suit with a notable increase of 58.25%, reaching $3.07.

On the flip side, some stocks experienced notable declines. Sonder Holdings Inc. (SOND) faced a significant decrease of 32.99%, trading at $3.69. TRxADE HEALTH, Inc. (MEDS) also saw a downturn, dropping by 31.60% to $19.70, while Envoy Medical, Inc. (COCH) experienced a decrease of 28.80%, settling at $3.56.

Turning to currency markets, the EUR to USD exchange rate experienced a slight decrease of 0.17%, standing at 1.08688. Conversely, the USD to JPY rate saw a marginal increase of 0.06%, reaching 149.118, while the AUD to USD rate was down by 0.13% at 0.65514. Tracking currency indices, the U.S. Dollar (DXY) rose by 0.17% to 103.621, while the Euro (EXY) index declined to 108.69, down by 0.19%. The Japanese Yen (JXY) index stood at 67.07, with a minor decrease of 0.04%.

In the commodities market, crude oil futures surged by 1.23% to reach $82.04, while Brent crude futures climbed by 1.69% to hit $86.78. Henry Hub natural gas futures also saw a significant uptick, rising by 2.42% to settle at $1.695. RBOB gasoline futures increased by 1.57%, reaching $2.7494. Gold futures exhibited a more modest gain of 0.14%, trading at $2164.6.

TechGolly editorial team led by Al Mahmud Al Mamun. He worked as an Editor-in-Chief at a world-leading professional research Magazine. Rasel Hossain and Enamul Kabir are supporting as Managing Editor. Our team is intercorporate with technologists, researchers, and technology writers. We have substantial knowledge and background in Information Technology (IT), Artificial Intelligence (AI), and Embedded Technology.

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