Positive Momentum in the US Stock Market as S&P 500 and Nasdaq Saw Notable Gain

Mixed Movements in US Stock Markets Amidst Currency and Commodity Shifts

Key Points:

  • The U.S. stock market demonstrated notable gains: the S&P 500 index increased 1.03%, the Nasdaq 100 rose 1.60%, and the Dow 30 increased 0.80%.
  • Advanced Micro Devices, Inc. (AMD) and NVIDIA Corporation (NVDA) advanced by 3.24% and 2.27%, respectively, while Tesla, Inc. (TSLA) declined by 3.20%. 
  • Mediaco Holding Inc. (MDIA), 22nd Century Group, Inc. (XXII), Destiny Tech100 Inc. (DXYZ), and GCT Semiconductor Holding, Inc. (GCTS) were the top gainers.
  • Losses were encountered at Cazoo Group Ltd (CZOO), XTI Aerospace, Inc. (XTIA), NexImmune, Inc. (NEXI), and Ermenegildo Zegna N.V. (ZGN).

The U.S. stock market portrays a positive momentum trend across major indices. At 01:55 PM (ET), the S&P 500 index surged to 5200.28, marking a notable gain of 1.03%. Simultaneously, the Nasdaq 100 index soared to 18164.21, reflecting an impressive increase of 1.60%. The Dow 30 index also experienced a notable rise, reaching 38904.57, with a gain of 0.80%.

NVIDIA Corporation (NVDA) exhibited a modest increase, trading at 878.58, marking a gain of 2.27%. However, Tesla, Inc. (TSLA) faced a slight downturn at 165.64, with a decrease of 3.20%. Advanced Micro Devices, Inc. (AMD) showed resilience, advancing by 3.24% to reach 171.20. Meta Platforms, Inc. (META) demonstrated strength with a rise of 2.62% at 524.33, while Amazon.com, Inc. (AMZN) and Apple Inc. (AAPL) both saw positive gains of 2.72% and 0.54%, respectively, trading at 184.89 and 169.74.

Among the day’s top gainers, Mediaco Holding Inc. (MDIA) soared impressively by 201.43% at 4.22. Similarly, 22nd Century Group, Inc. (XXII) surged by 101.35% at 2.98. Destiny Tech100 Inc. (DXYZ) and GCT Semiconductor Holding, Inc. (GCTS) also experienced notable increases of 59.51% and 37.00%, respectively.

However, some stocks encountered losses, with Cazoo Group Ltd (CZOO) witnessing a decline of 29.63% at 11.54. XTI Aerospace, Inc. (XTIA) and NexImmune, Inc. (NEXI) also experienced setbacks, with decreases of 17.89% and 16.16%, respectively. Ermenegildo Zegna N.V. (ZGN) at 11.85, marking a loss of 14.99%.

In the currency market, the EUR to USD exchange rate stands at 1.08333, depicting a slight decrease of 0.03% in the value of the US dollar against the Euro. Conversely, the USD to JPY rate is 151.597, showing a modest increase of 0.19% in the dollar’s value against the Japanese Yen. Meanwhile, the AUD to USD rate is 0.65799, indicating a decrease of 0.12% in the US dollar’s value against the Australian Dollar. In terms of currency indices, the U.S. Dollar Index (DXY) is at 104.310, up by 0.10%, while the Euro Index (EXY) sits at 108.34, experiencing a slight decline of 0.02%, and the Japanese Yen Index (JXY) stands at 65.95, showing a decrease of 0.19%.

Crude oil futures surged to 87.45 USD, a significant increase of 0.99%. Similarly, Brent crude futures rose to 91.76 USD, representing a notable gain of 1.22%. Henry Hub natural gas futures experienced a substantial surge, reaching 1.819 USD, reflecting a notable increase of 2.54%. RBOB gasoline futures saw a moderate uptick, settling at 2.8130 USD, up by 0.67%. Gold futures witnessed a robust climb to 2347.0 USD, indicating a considerable surge of 1.67%.

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!