Mixed Performance in US Stock Market as the Major Indices Displayed Downturn

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Key Points:

  • The S&P 500 experienced a slight decline of 0.38%, the Nasdaq 100 displayed a notable decrease of 0.99%, and the Dow 30 saw a marginal decrease of 0.03%.
  • NVIDIA Corporation (NVDA), Advanced Micro Devices, Inc. (AMD), and Super Micro Computer, Inc. (SMCI) experienced a notable decline.
  • INVO BioScience, Inc. (INVO), Edible Garden AG Incorporated (EDBL), Ryde Group Ltd. (RYDE), and Vanda Pharmaceuticals Inc. (VNDA) were among the gainers.
  • ICZOOM Group Inc. (IZM), JUNEE LIMITED (JUNE), Arrowroot Acquisition Corp. (AILE), and Sunshine Biopharma Inc. (SBFM) were among the worst performers.

The U.S. stock market showed a mixed performance. At 01:35 PM (ET), the S&P 500 experienced a slight decline of 0.38% to 5032.12, while the Nasdaq 100 displayed a more notable decrease of 0.99% to 17538.78. Conversely, the Dow 30 exhibited resilience with a marginal decrease of 0.03%, settling at 37785.99.

NVIDIA Corporation (NVDA) witnessed a slight dip of 2.50%, trading at 852.31, while Tesla, Inc. (TSLA) remained relatively stable, with a marginal decrease of 0.03% at 157.06. Advanced Micro Devices, Inc. (AMD) experienced a notable decline of 4.07% to 156.81. Super Micro Computer, Inc. (SMCI) followed suit with a 1.09% decrease, trading at 965.70. Apple Inc. (AAPL) and Microsoft Corporation (MSFT) also observed minor downturns of 0.33% and 0.41%, respectively.

Among the gainers, INVO BioScience, Inc. (INVO) surged impressively by 230.26% to $2.5100. Edible Garden AG Incorporated (EDBL) followed suit, boasting a remarkable increase of 93.41% to $8.80. Ryde Group Ltd. (RYDE) and Vanda Pharmaceuticals Inc. (VNDA) also saw notable gains of 39.56% and 29.51%, respectively, trading at $3.81 and $5.25.

However, the losers included ICZOOM Group Inc. (IZM), which suffered a significant setback of 87.65% to $6.30. JUNEE LIMITED (JUNE) and Arrowroot Acquisition Corp. (AILE) also experienced substantial losses of 84.85% and 51.11%, respectively, trading at $3.7900 and $8.8000. Sunshine Biopharma Inc. (SBFM) faced a downturn, declining by 38.68% to $4.17.

In commodities trading, Crude Oil Futures plummeted to $82.80 per barrel, marking a 3.00% decrease, while Brent Crude Futures fell to $87.35 per barrel, down by 2.97%. Henry Hub Natural Gas Futures also experienced a decline, reaching $1.691 per unit, a decrease of 2.37%. RBOB Gasoline Futures mirrored the trend, dropping to $2.6979 per gallon, a decline of 3.34%. However, Gold Futures managed to maintain relative stability, albeit with a modest decrease of 0.81%, settling at $2388.3 per ounce.

In currency markets, the EUR to USD pair stands at 1.06585, with the USD gaining 0.39%. The USD to JPY pair is at 154.369, with the JPY experiencing a slight decrease of 0.19%, while the AUD to USD pair sits at 0.64293, with the USD strengthening by 0.46%. The U.S. Dollar index (DXY) is at 106.055, showing a marginal decline of 0.06%. The Euro index (EXY) rises to 106.60, with a positive movement of 0.37%, and the Japanese Yen index (JXY) stands at 64.79, indicating a modest gain of 0.21%.

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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