US Market Exhibit Mixed Performance Across Indices and Stocks, Apple Experienced a Decline

US Market Dips as Labor Data Contradicts Expectations; Chip Stocks Face Volatility

Key Points:

  • There was mixed performance in major stock indices, with the S&P 500 index gaining 0.51%, the Nasdaq 100 up 0.91%, and the Dow 30 up 0.79%.
  • Apple Inc. (AAPL) declined 4.09%, Micron Technology, Inc. (MU) surged impressively by 17.17%, and Broadcom Inc. (AVGO) rose by 7.58%.
  • Significant gainers include Kaival Brands Innovations Group and Cazoo Group Ltd, while notable losers include Edoc Acquisition Corp and Tourmaline Bio.
  • Commodity prices show a mixed trend, with decreases in Crude Oil and Natural Gas futures but an increase in Gold Futures.

In the current session, the U.S. stocks exhibit a mixed performance, with major stock indices experiencing positive momentum. As of 01:50 PM Eastern Time, the S&P 500 stands at 5251.32, reflecting a gain of 0.51%, while the Nasdaq 100 shows stronger performance at 18406.92, up by 0.91%. The Dow 30 index is also on the rise, reaching 39824.54 with a gain of 0.79%.

NVIDIA Corporation (NVDA) witnessed a modest increase of 1.92% to $921.06, while Apple Inc. (AAPL) experienced a decline of 4.09%, settling at $171.37. Advanced Micro Devices, Inc. (AMD) saw a slight uptick of 0.53% to $180.69, whereas Tesla, Inc. (TSLA) faced a decrease of 1.59%, landing at $172.87. Micron Technology, Inc. (MU) surged impressively by 17.17% to $112.78, followed by Broadcom Inc. (AVGO), which rose by 7.58% to $1372.70.

Among the day’s gainers were Kaival Brands Innovations Group, Inc. (KAVL), which soared significantly by 107.52% to $2.76, followed by Cazoo Group Ltd (CZOO), which rose by 41.83% to $4.95. Aemetis, Inc. (AMTX) also experienced notable growth of 30.41% to $4.76, while Monogram Orthopaedics Inc. (MGRM) saw an increase of 29.34% to $2.16.

Conversely, notable losses were observed in some stocks, including Edoc Acquisition Corp. (ADOC), which plummeted by 67.33% to $2.62, followed by Tourmaline Bio, Inc. (TRML), which experienced a decline of 39.53% to $27.01. Intelligent Group Limited (INTJ) also saw a significant decrease of 36.97% to $2.08, while Spire Global, Inc. (SPIR) faced a downturn of 34.23% to $11.49.

In currency markets, the EUR to USD exchange rate is at 1.08567, experiencing a decrease of 0.59%. USD to JPY stands at 151.728 with a slight increase of 0.36%, and AUD to USD at 0.65687, showing a minor decline of 0.14%. The U.S. Dollar (DXY) index sits at 104.046, marking a gain of 0.65%, while the Euro (EXY) stands at 108.58, showing a decrease of 0.58%. The Japanese Yen (JXY) index is at 65.89, down by 0.35%.

In commodity markets, Crude Oil Futures are currently priced at $80.90, experiencing a decrease of 0.46%, while Brent Crude Futures stand at $85.95, showing no change. Henry Hub Natural Gas Futures are at $1.676, declining by 1.35%, and RBOB Gasoline Futures are priced at $2.7033, down by 0.59%. Gold Futures are valued at $2183.2, marking an increase of 1.03%.

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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