S&P 500 and Nasdaq 100 Show Modest Gains, Tech Stocks Lead Surge

S&P 500 and Nasdaq 100 Show Modest Gains, Tech Stocks Lead Surge

Key Points:

  • The S&P 500 index rises by 0.45%, the Nasdaq 100 index increases by 0.82%, and the Dow 30 index gains 0.09%.
  • NVIDIA Corporation and Advanced Micro Devices, Inc. witness gains, while Tesla Inc. and Apple Inc. face minor declines.
  • MMTec, Inc. (MTC) surged by 145.38%, while GigCapital 5, Inc. (GIA) experienced a significant drop of 62.65%.
  • Euro strengthens against the USD, while crude oil futures surge and gold futures remain steady.

In the latest market update, major stock indices witnessed varied movements, reflecting a mix of gains and losses. The U.S. stock market, the S&P 500, Nasdaq 100, and Dow 30 navigate a landscape of nuanced changes, indicating an increase.

At 12:00 PM (ET), the S&P 500 index increased to 5119.27, showing a modest increase of 0.45%. Similarly, the Nasdaq 100 index exhibited a slightly stronger uptick, at 18191.71, with a gain of 0.82%. Meanwhile, the Dow 30 index hovered at 39029.74, showing a marginal increase of 0.09%.

Key players in the market included NVIDIA Corporation and Advanced Micro Devices, Inc., both experiencing significant gains of 3.22% and 3.44%, respectively. However, Tesla, Inc. and Apple Inc. faced minor declines, while Super Micro Computer, Inc. and Dell Technologies Inc. showcased impressive gains of 5.04% and 26.94%, respectively.

Among the top stock gainers, MMTec, Inc. (MTC) stood out with a remarkable surge of 145.38%, followed closely by BioVie Inc. (BIVI) and Adial Pharmaceuticals, Inc. (ADIL), showcasing gains of 67.74% and 53.43%, respectively. Conversely, GigCapital 5, Inc. (GIA) led the pack of stock losers with a considerable drop of 62.65%, followed by Sidus Space, Inc. (SIDU) and ESGEN Acquisition Corporation (ESAC), experiencing declines of 38.53% and 39.24%, respectively.

The Euro to USD pair stands at 1.08292, with the Euro gaining strength by 0.23%. Meanwhile, the USD to JPY pair is valued at 150.222 Japanese Yen, experiencing a modest increase of 0.18%. The Australian Dollar to USD registers at 0.65264, displaying a notable surge of 0.46%. Additionally, currency indices highlight the U.S. Dollar (DXY) at 103.955, down by 0.18%, the Euro (EXY) at 108.30, marking a gain of 0.23%, and the Japanese Yen (JXY) at 66.56, with a decrease of 0.16%.

In the commodities market, crude oil futures surged to $80.73 per barrel, marking a notable increase of 3.16%. Brent crude futures followed suit, rising to $84.22 per barrel, indicating a 2.82% uptick. Conversely, Henry Hub natural gas futures experienced a slight decline, settling at $1.830 per unit, down by 1.61%. RBOB gasoline futures showed resilience, climbing to $2.6296 per gallon, registering a gain of 1.88%. Amidst this volatility, gold futures remained steady at $2088.0 per ounce, exhibiting a modest increase of 1.62%.

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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