Major US Stock Market Indices Decline as Tech Sectors Experience Mixed Performance

US Stock Market Experienced Rise Amid Dynamic Trading Activity

Key Points:

  • The U.S. market faced a downturn; the S&P 500 decreased by 1.19%, the Nasdaq 100 declined by 1.10%, and the Dow 30 dropped by 1.38%.
  • Tesla, Inc. (TSLA) and Advanced Micro Devices, Inc. (AMD) experienced slight downturns of 3.14% and 3.35%, respectively. 
  • Rent the Runway, Inc. (RENT), Infobird Co., Ltd (IFBD), Entera Bio Ltd. (ENTX), and Motorsport Games Inc. (MSGM) were among the top performers.
  • FutureFuel Corp. (FF), Processa Pharmaceuticals, Inc. (PCSA), SMART Global Holdings, Inc. (SGH), and Ryde Group Ltd. (RYDE) were the worst performers.

The stock market indices in the United States faced a downturn, with the S&P 500, Nasdaq 100, and Dow 30 all experiencing notable declines. At 01:50 PM Eastern Time, the S&P 500 stood at 5147.73, reflecting a decrease of 1.19%, while the Nasdaq 100 declined to 17969.70, marking a decrease of 1.10%. Similarly, the Dow 30 dropped to 38347.57, down by 1.38%.

In technology and innovation, NVIDIA Corporation (NVDA) saw a modest increase of 1.38% to $865.35, while Tesla, Inc. (TSLA) experienced a slight downturn at $171.33, marking a decrease of 3.14%. Advanced Micro Devices, Inc. (AMD) also faced a decline, resting at $165.06, reflecting a decrease of 3.35%. Apple Inc. (AAPL) and, Inc. (AMZN) decreased by 0.92% and 0.15%, respectively. On the other hand, Meta Platforms, Inc. (META) shows resilience with a 0.59% rise.

In the domain of stock gainers, Rent the Runway, Inc. (RENT) surged significantly by 27.44% to $6.92, followed by Infobird Co., Ltd (IFBD), which rose impressively by 30.75 % to $5.40. Entera Bio Ltd. (ENTX) and Motorsport Games Inc. (MSGM) also experienced upticks, climbing by 7.56% and 8.30%, respectively.

Conversely, in the segment of stock losers, FutureFuel Corp. (FF) faced a substantial decline of 30.69%, resting at $5.69. Processa Pharmaceuticals, Inc. (PCSA) followed suit, plummeting 35.40% to $1.88. SMART Global Holdings, Inc. (SGH) and Ryde Group Ltd. (RYDE) also recorded losses, dropping 20.64% and 18.43%, respectively, at $20.57 and $2.24.

Crude Oil Futures saw an increase of 0.70%, settling at $85.83, while Brent Crude Futures rose by 0.77% to $90.11. Henry Hub Natural Gas Futures also experienced a gain of 0.53%, reaching $1.882. Similarly, RBOB Gasoline Futures surged by 0.81%, landing at $2.7778. However, Gold Futures bucked the trend with a slight decrease of 0.30%, trading at $2355.3.

In the currency market, the EUR to USD pair stands at 1.07449, with the Euro experiencing a decline of 1.03% against the US Dollar. Conversely, the USD to JPY pair is at 152.852, showcasing a modest increase of 0.73% for the US Dollar against the Japanese Yen. Meanwhile, the AUD to USD pair sits at 0.65087, marking a decrease of 1.78% for the Australian Dollar against the US Dollar. Regarding currency indices, the US Dollar index (DXY) is at 105.157, showing a notable gain of 1.01%, while the Euro index (EXY) stands at 107.44, reflecting a decrease of 1.05%. Similarly, the Japanese Yen index (JXY) is at 65.43, with a marginal decline of 0.70%.

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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