US Stock Market Sees Mixed Movement as Tech Giants Show Divergent Paths

Mixed Performance in US Stock Market as Tech Giants Face Declines

Key Points:

  • The S&P 500 index showed a slight decrease of 0.29%, the Nasdaq 100 showed a marginal increase of 0.06%, and the Dow 30 index experienced a decline of 0.67%.
  • Micron Technology, Inc. (MU) and Super Micro Computer, Inc. (SMCI) increased by 5.02% and 2.67%, respectively, while Tesla, Inc. (TSLA) declined by 1.63%.
  • CXApp Inc. (CXAI), Tempest Therapeutics, Inc. (TPST), Doma Holdings, Inc. (DOMA), and Meta Materials Inc. (MMAT) are the significant stock gainers.
  • Disc Medicine, Inc. (IRON), AEON Biopharma, Inc. (AEON), Surrozen, Inc. (SRZN), and Intellinetics, Inc. (INLX) are notable stock losers.

The U.S. stock market witnessed a mixed performance, with various indices displaying contrasting movements. As of 02:50 PM (ET), the S&P 500 index registered a slight decrease of 0.29%, standing at 5239.00, while the Nasdaq 100 index showed a marginal increase of 0.06%, reaching 18265.21. In contrast, the Dow 30 index experienced a decline of 0.67%, resting at 39539.78.

Tech stocks demonstrated varied trajectories during the session. NVIDIA Corporation (NVDA) remained relatively stable, with a minor decrease of 0.04%, trading at $903.20. Conversely, Advanced Micro Devices, Inc. (AMD) surged by 2.06% to $184.21. Tesla, Inc. (TSLA) encountered a slight decline of 1.63%, settling at $172.92. Super Micro Computer, Inc. (SMCI) showcased a noteworthy increase of 2.67%, reaching $1037.00. Apple Inc. (AAPL) experienced a modest decrease of 0.89%, trading at $169.95. Micron Technology, Inc. (MU) emerged as a significant gainer, soaring 5.02% to $123.81.

In the realm of stock gainers, CXApp Inc. (CXAI) led with a surge of 150.61%, hitting $6.14. Tempest Therapeutics, Inc. (TPST) rose by 44.50%, reaching $5.65. Doma Holdings, Inc. (DOMA) saw a substantial increase of 33.92% to $6.08. Meta Materials Inc. (MMAT) also experienced notable growth, climbing by 27.36% to $3.91.

However, in the domain of stock losers, Disc Medicine, Inc. (IRON) faced a significant setback, plummeting by 47.54% to $32.66. AEON Biopharma, Inc. (AEON) experienced a considerable decline of 40.09% to $6.95. Surrozen, Inc. (SRZN) saw a drop of 33.75%, reaching $10.41. Intellinetics, Inc. (INLX) encountered a decrease of 27.86% to $6.37.

In the currency market, the euro (EUR) weakened against the US dollar (USD) to 1.07376, marking a decline of 0.49%. Conversely, the USD strengthened against the Japanese yen (JPY) to 151.628, gaining 0.21%. The Australian dollar (AUD) depreciated against the USD to 0.64836, reflecting a decrease of 0.57%. The US Dollar Index (DXY) rose to 105.017, up by 0.46%, while the Euro Index (EXY) fell to 107.39, a decline of 0.47%. The Japanese Yen Index (JXY) also dropped to 65.96, indicating a decrease of 0.15% against the USD.

In commodities trading, Crude Oil Futures rose to $83.79, a 0.75% increase, while Brent Crude Futures reached $87.49, reflecting a 0.56% increase. Henry Hub Natural Gas Futures surged significantly to $1.842, up by 4.48%, while RBOB Gasoline Futures slightly declined to $2.7098, indicating a decrease of 0.40%. Gold Futures were valued at $2260.4, marking a notable uptick of 0.98%.

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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