Mixed Performance in US Stock Market as Tech Giants Drive Nasdaq Growth

US Stock Market Bounces Back After Volatility Amid Rate Cut Speculations

Key Points:

  • The U.S. stock market saw positive momentum. the S&P 500 index increase by 0.57%, the Nasdaq 100 rose of 0.95%, and the Dow 30 gain by 0.25%.
  • Tesla, Inc. (TSLA) surged by 4.16%, and Meta Platforms, Inc. (META) climbed 3.78% to $525.92, while Advanced Micro Devices, Inc. (AMD) declined by 2.60%.
  • Candel Therapeutics, Inc. (CADL), Allurion Technologies, Inc. (ALUR), and Eiger BioPharmaceuticals, Inc. (EIGR) were the top performers.
  • eFFECTOR Therapeutics, Inc. (EFTR), Keyarch Acquisition Corporation (KYCH), and AXT, Inc. (AXTI), were the worst performers.

In the U.S. stock market, all major Indices saw positive momentum. At 01:55 PM (Eastern Time), the S&P 500 index stood at 5241.40, marking a modest increase of 0.57%. Meanwhile, the Nasdaq 100 exhibited stronger growth, reaching 18333.61, reflecting a rise of 0.95%. In contrast, the Dow 30 index experienced a more subdued uptick at 39223.29 with a gain of 0.25%.

NVIDIA Corporation (NVDA) is trading at $893.30, a modest increase of 0.41%, while Tesla, Inc. (TSLA) surged by 4.16% to $175.38. Meta Platforms, Inc. (META) also saw a positive trend, climbing 3.78% to $525.92. However, Advanced Micro Devices, Inc. (AMD) faced a slight setback, declining by 2.60% to $176.07, and Apple Inc. (AAPL) experienced a marginal gain of 0.77% to settle at $170.95. Amazon.com, Inc. (AMZN) closed at $184.46, reflecting a 1.12% increase.

Among the notable gainers in the stock market were Candel Therapeutics, Inc. (CADL), which soared impressively by 123.27% to $3.75, followed by Allurion Technologies, Inc. (ALUR), which surged by 90.75% to $3.30. Eiger BioPharmaceuticals, Inc. (EIGR) and Destiny Tech100 Inc. (DXYZ) also demonstrated notable increases, rising by 41.82% to $2.34 and 34.60% to $36.37, respectively.

On the downside, some companies experienced declines in their stock values, with eFFECTOR Therapeutics, Inc. (EFTR) plummeting by 80.94% to $3.14. Keyarch Acquisition Corporation (KYCH) and AXT, Inc. (AXTI) also faced losses, dropping by 56.70% to $3.94 and 25.35% to $3.70, respectively. Inotiv, Inc. (NOTV) closed at $7.52, reflecting a decrease of 20.51%.

EUR to USD stood at 1.08598, with the Euro gaining 0.26% against the US Dollar. Conversely, the USD to JPY was at 151.659, showing a minimal increase of 0.02% in the USD’s value against the Japanese Yen. AUD to USD saw a notable rise of 0.81%, reaching 0.66156. In currency indices, the U.S. Dollar (DXY) weakened marginally by 0.15%, at 104.069. Meanwhile, the Euro (EXY) strengthened by 0.24%, hitting 108.61. The Japanese Yen (JXY) experienced a marginal uptick of 0.01%, settling at 65.94.

Crude oil futures are positioned at $85.30, experiencing a minor decrease of 0.15%, while Brent crude futures stand at $89.40, demonstrating a marginal increase of 0.06%. Henry Hub natural gas futures reflect a notable decrease, settling at $1.779, down by 3.37%. Conversely, RBOB gasoline futures showcase a modest uptick, reaching $2.7636, marking a 0.10% increase. Gold futures, however, experienced a slight downturn at $2310.3, showing a decrease of 0.20%.

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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