Slight Declines Across US Major Indices Amid Tech Stock Movements

US Market Slight Declines in Major Indices and Volatile Stock Movements

Key Points:

  • U.S. major indices experienced slight declines. The S&P 500 index decreased by 0.29%, the Nasdaq 100 declined by 0.08%, and the Dow 30 decreased by 0.37%.
  • NVIDIA Corporation (NVDA) saw a slight decline of 2.86%, while Tesla, Inc. (TSLA) experienced a modest uptick of 1.60%.
  • Acrivon Therapeutics, Inc. (ACRV), Laser Photonics Corporation (LASE), and Mediaco Holding Inc. (MDIA) were among the significant gainers.
  • Destiny Tech100 Inc. (DXYZ), GSI Technology, Inc. (GSIT), and Tilray Brands, Inc. (TLRY) were among the notable losers.

The major indices in the United States experienced slight declines. At 1:45 PM Eastern Time, the S&P 500 index stood at 5187.36, showing a decrease of 0.29%. Similarly, the Nasdaq 100 index was at 18086.02, experiencing a marginal decline of 0.08%, while the Dow 30 index recorded a value of 38750.23, indicating a decrease of 0.37%.

In tech stocks, NVIDIA Corporation (NVDA) saw a slight dip of 2.86%, trading at 846.39, while Tesla, Inc. (TSLA) experienced a modest uptick of 1.60%, reaching 175.74. Advanced Micro Devices, Inc. (AMD) also had a minor decrease of 0.54%, settling at 168.99, whereas Apple Inc. (AAPL) showed a positive movement of 0.51%, trading at 169.32. Meta Platforms, Inc. (META) encountered a decrease of 1.34% at 512.27, and, Inc. (AMZN) experienced a marginal decline of 0.25%, trading at 184.73.

Among the notable gainers, Acrivon Therapeutics, Inc. (ACRV) surged impressively by 90.02%, reaching 11.23. Laser Photonics Corporation (LASE) saw an increase of 80.07%, trading at 2.58. Mediaco Holding Inc. (MDIA) and Motorsport Games Inc. (MSGM) also experienced notable gains of 22.85% and 28.44%, respectively.

However, notable losers in the market included Destiny Tech100 Inc. (DXYZ), which witnessed a significant decrease of 23.62%, trading at 76.22. GSI Technology, Inc. (GSIT) followed suit with a decline of 18.15% at 4.24. At the same time, Tilray Brands, Inc. (TLRY) and Candel Therapeutics, Inc. (CADL) experienced downturns of 19.50% and 17.11%, respectively.

In the commodities market, crude oil futures declined by 1.30%, settling at $85.31, while Brent crude futures experienced a 1.02% drop, trading at $89.46. Conversely, Henry Hub natural gas futures saw a modest rise of 0.65%, reaching $1.856. RBOB gasoline futures remained relatively stable, with a minor decrease of 0.05%, at $2.7473. Gold futures were positive, advancing by 0.56% to $2364.2.

In currency markets, the EUR to USD exchange rate stands at 1.08530, reflecting a decrease of 0.06% in the value of the US dollar. Conversely, the USD to JPY rate is 151.660, with the yen gaining a slight advantage of 0.10% against the dollar. In the AUD to USD pairing, the Australian dollar has strengthened by 0.27%, trading at 0.66193. Moving to currency indices, the US Dollar Index (DXY) is at 104.137, showing a marginal increase of 0.01%. Meanwhile, the Euro Index (EXY) sits at 108.53, experiencing a minor decline of 0.05%, while the Japanese Yen Index (JXY) records a 0.12% uptick at 65.94.

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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