Key Points:
- The S&P 500 index decreased by 0.92%, the Nasdaq 100 declined by 2.00%, and the Dow 30 index demonstrated resilience, climbing by 0.50%.
- NVIDIA Corporation (NVDA) saw a decrease of 9.58%, and Super Micro Computer, Inc. (SMCI) also faced a significant downturn, plummeting by 22.35%.
- Top Wealth Group Holding Limited (TWG), Mobile-health Network Solutions (MNDR), and Nova Lifestyle, Inc. (NVFY) were among the top performers.
- Serve Robotics Inc. (SERV), Graphjet Technology (GTI), and Golden Sun Health Technology Group Limited (GSUN) were among the worst performers.
In the U.S. stock market, the major indices showcased mixed movements. At 03:35 PM (ET), the S&P 500 index stood at 4965.18, experiencing a slight decrease of 0.92%. Meanwhile, the Nasdaq 100 index was at 17046.66, showing a 2.00% decline, indicating a bearish trend in the tech-heavy stocks. However, the Dow 30 index demonstrated resilience, climbing by 0.50% to 37963.46.
The tech stock witnessed significant losses. NVIDIA Corporation (NVDA) saw a decrease of 9.58% in its stock value, settling at 765.56. Super Micro Computer, Inc. (SMCI) also faced a significant downturn, plummeting by 22.35% to 721.00. Meanwhile, Tesla, Inc. (TSLA) experienced a milder decline of 2.04%, closing at 146.87. Meta Platforms, Inc. (META) and Advanced Micro Devices, Inc. (AMD) both encountered losses, with decreases of 4.59% and 5.89%, respectively, settling at 478.77 and 145.95. Microsoft Corporation (MSFT) demonstrated more resilience with a modest decrease of 1.20% at 399.41.
On the other hand, amidst the market turmoil, certain stocks managed to emerge as gainers. Top Wealth Group Holding Limited (TWG) surged impressively by 68.11%, reaching 3.11, while Mobile-health Network Solutions (MNDR) and Nova Lifestyle, Inc. (NVFY) experienced increases of 35.69% and 29.86% respectively, trading at 27.64 and 2.74. Redwoods Acquisition Corp. (RWOD) also performed well, rising by 32.68% to 10.61.
However, some stocks faced significant setbacks. Serve Robotics Inc. (SERV) witnessed a substantial decline of 53.61%, settling at 2.44. Graphjet Technology (GTI), Golden Sun Health Technology Group Limited (GSUN), and AEON Biopharma, Inc. (AEON) also experienced losses of 33.40%, 28.38%, and 24.92%, respectively, trading at 6.40, 3.51, and 4.91.
Gold Futures are currently valued at $2409.0 in the commodities market, marking a modest increase of 0.46%. Meanwhile, Crude Oil Futures stand at $82.26, showing a slight uptick of 0.19%, with Brent Crude Futures closely following at $87.29, up by 0.21%. Conversely, Henry Hub Natural Gas Futures have dipped slightly to $1.756, down by 0.06%. However, RBOB Gasoline Futures are experiencing a minor increase, currently at $2.6869, up by 0.09%.
In the global currency markets, the euro to US dollar exchange rate stands at 1.06522, with the USD showing a marginal increase of 0.09%. Conversely, the USD to Japanese yen rate remains stable at 154.595 JPY, showing no significant change. The Australian dollar to USD exchange rate sits at 0.64182, experiencing a slight decrease of 0.04%. Meanwhile, the U.S. Dollar Index (DXY) is at 106.140 in currency indices, reflecting a minor decline of 0.06%. The Euro Index (EXY) stands at 106.53, showcasing a modest increase of 0.08%, while the Japanese Yen Index (JXY) registers a marginal uptick of 0.01% at 64.67 USD.
