The Major Indices in the US Stock Market Experienced Modest Downturn

US Stock Market Bounces Back After Volatility Amid Rate Cut Speculations

Key Points:

  • The US Stock Market experienced a slight decline. The S&P 500 saw a decrease of 0.19%, the Nasdaq 100 was down by 0.21%, and the Dow 30 was down 0.38%.
  • The top stock gainers are Landos Biopharma, Inc. (LABP), MoneyHero Limited (MNY), Altamira Therapeutics Ltd. (CYTO), and Target Hospitality Corp. (TH).
  • TRxADE HEALTH, Inc. (MEDS), Aehr Test Systems (AEHR), Vimeo, Inc. (VMEO), and LENZ Therapeutics, Inc. (LENZ) face a significant setback.
  • The EUR/USD pair showed a marginal increase of 0.27%; conversely, the USD/JPY pair experienced a slight gain of 0.03% in the Yen’s value.

As of 01:20 PM Eastern Time, major U.S. stock indices are slightly declining. The S&P 500 stands at 5224.11, marking a decrease of 0.19%. Similarly, the Nasdaq 100 is at 18300.40, down by 0.21%, while the Dow 30 is at 39325.99, reflecting a decline of 0.38%.

NVIDIA Corporation (NVDA) exhibits a modest increase of 1.13%, trading at $953.52, while Advanced Micro Devices, Inc. (AMD) follows suit with a slight uptick of 0.19%, reaching $179.99. Conversely, Tesla, Inc. (TSLA) holds steady at $172.71, marking a rise of 1.10%, whereas Super Micro Computer, Inc. (SMCI) saw a significant surge of 9.60% to $1066.10. Apple Inc. (AAPL) faces a slight dip of 0.52%, resting at $171.39, while MicroStrategy Incorporated (MSTR) shows substantial growth, soaring by 20.03% to $1828.00.

Among the top stock gainers, Landos Biopharma, Inc. (LABP) leads with an impressive surge of 171.90%, reaching $21.29. MoneyHero Limited (MNY) follows with a notable increase of 51.09% to $2.07. Altamira Therapeutics Ltd. (CYTO) and Target Hospitality Corp. (TH) also demonstrate promising gains, climbing by 31.21% and 23.65%, respectively.

However, amidst the successes, certain stocks face setbacks. TRxADE HEALTH, Inc. (MEDS) experiences a significant decline of 49.11% to $12.25, while Aehr Test Systems (AEHR) and Vimeo, Inc. (VMEO) register losses of 26.88% and 25.14%, respectively. LENZ Therapeutics, Inc. (LENZ) sees a minor decrease of 1.17%, settling at $16.01.

The Euro to US Dollar (EUR/USD) pair in currency markets stands at 1.08344, showing a marginal increase of 0.27%. Similarly, the Australian Dollar to US Dollar (AUD/USD) pair sits at 0.65373, marking a 0.36% uptick in the USD’s strength. Conversely, the US Dollar to Japanese Yen (USD/JPY) pair holds at 151.472, with a slight appreciation of 0.03% in the Yen’s value. Meanwhile, the US Dollar Index (DXY) is at 104.248, down by 0.17%. The Euro Index (EXY) at 108.34, showing a minor decrease of 0.02%, and the Japanese Yen Index (JXY) at 66.01, exhibiting a modest decline of 0.08%.

In commodity markets, Crude oil futures surged by 1.46% to $81.81 per barrel, reflecting bullish sentiment in the market. Meanwhile, Brent crude futures remained steady at $84.83 per barrel. Henry Hub natural gas futures experienced a slight decline of 1.57%, settling at $1.633 per million British thermal units. Conversely, RBOB gasoline futures saw a modest uptick of 0.36%, closing at $2.7268 per gallon. Gold futures rose by 0.79% in the precious metals sector to reach $2177.0 per ounce.

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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