Mixed Performance in US Stock Market as Tech Giants Face Declines

Mixed Performance in US Stock Market as Tech Giants Face Declines

Key Points:

  • The S&P 500 is trading with a marginal decrease, the Nasdaq 100 is experiencing a more notable decline, and the Dow 30 shows resilience.
  • NVIDIA Corporation (NVDA), Tesla, Inc. (TSLA), Advanced Micro Devices, Inc. (AMD), and Apple Inc. (AAPL) are showing losses.
  • Gaxos.ai Inc. (GXAI) and MicroCloud Hologram Inc. (HOLO) are the top gainers, while Inpixon (XTIA) and Luna Innovations Incorporated (LUNA) lead the losers.
  • Crude oil futures surged by 2.44%, while Brent crude futures experienced a slight dip of 0.35%. RBOB Gasoline futures rose by 2.43%.

At 11:55 AM (ET), the stock market saw a mixed performance, with the S&P 500 at 5171.77, marking a marginal decrease of 0.07%. Meanwhile, the Nasdaq 100 experienced a more notable decline at 18078.89, decreasing by 0.77%. In contrast, the Dow 30 index demonstrated resilience at 39154.77, showing a modest gain of 0.38%.

NVIDIA Corporation (NVDA) is trading at $893.38, with a modest decline of 2.80%, while Tesla, Inc. (TSLA) is priced at $171.05, showing a decrease of 3.66%. Advanced Micro Devices, Inc. (AMD) follows suit at $195.08, down by 3.79%. On the other hand, Super Micro Computer, Inc. (SMCI) demonstrates resilience, recording a 1.01% increase at $1174.77. Apple Inc. (AAPL) is valued at $171.01, reflecting a more moderate decline of 1.28%. MicroStrategy Incorporated (MSTR) stands out with a remarkable surge of 10.25%, reaching $1756.65.

Among the stock gainers, Gaxos.ai Inc. (GXAI) leads with an impressive 83.46% increase at $9.76, followed by MicroCloud Hologram Inc. (HOLO) at $7.05 with a substantial gain of 44.17%. Arq, Inc. (ARQ) is also in the spotlight, boasting a 35.45% surge at $4.70.

Conversely, the stock losers include Inpixon (XTIA) at $3.3900, experiencing a significant decline of 35.67%. Luna Innovations Incorporated (LUNA) is down by 36.74% at $3.96, and HNR Acquisition Corp (HNRA) faces a 35.99% decrease, trading at $2.86.

The EUR to USD pair stands at 1.09485, showing a 0.20% increase. The USD to JPY pair is 147.673, with a slight 0.04% uptick. Conversely, the AUD to USD pair registers at 0.66240, gaining by 0.27%. Looking at currency indices, the U.S. Dollar (DXY) at 102.791, down by 0.13%, while the Euro (EXY) shows a positive movement of 0.18% at 109.47. The Japanese Yen (JXY) remains relatively stable at 67.72, with a marginal decrease of 0.01%.

In commodities trading, crude oil futures surged by 2.44%, reaching $79.45 per barrel, while Brent crude futures experienced a slight dip of 0.35%, settling at $81.92 per barrel. Henry Hub Natural Gas futures declined by 1.46%, closing at $1.689. RBOB Gasoline futures rose by 2.43%, reaching $2.6493 per gallon. Gold futures exhibited a modest increase of 0.54%, reaching $2177.7 per ounce.

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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