Mixed Performance in the US Stock Market as Tech Giants Fluctuate

US Stock Market Bounces Back After Volatility Amid Rate Cut Speculations

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.

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.

Read More

We are highly passionate and dedicated to delivering our readers the latest information and insights into technology innovation and trends. Our mission is to help understand industry professionals and enthusiasts about the complexities of technology and the latest advancements.

Follow Us

Advertise Here...

Build brand awareness across our network!