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%.
