Key Points:
- The S&P 500 Index decreased 0.96%, the Nasdaq 100 was down 1.58%, and the Dow 30 exhibited a modest dip of 0.53%.
- NVIDIA Corporation, Tesla, Inc., Apple Inc., Advanced Micro Devices, Inc., Amazon.com, Inc., and Microsoft Corporation saw significant declines.
- Kaival Brands Innovations Group, Inc. (KAVL), Longeveron Inc. (LGVN), and Connexa Sports Technologies Inc. (YYAI) were among the top performers.
- Swvl Holdings Corp (SWVL), Stronghold Digital Mining, Inc. (SDIG), and Cazoo Group Ltd (CZOO) were among the worst performers.
U.S. stock markets displayed a subdued downturn in major indices. At 2:40 PM (ET), the S&P 500 stood at 5,073.97, marking a decrease of 0.96%, while the Nasdaq 100 reported a more pronounced decline, resting at 17,718.99, down by 1.58%. Meanwhile, the Dow 30 exhibited a modest dip, settling at 37,783.82, reflecting a decrease of 0.53%.
NVIDIA Corporation (NVDA) trading at $871.03, experiencing a slight decline of 1.23%, while Tesla, Inc. (TSLA) saw a more significant drop of 4.68% at $163.05 per share. Apple Inc. (AAPL) also experienced a decrease, trading at $173.51, down by 1.72%, while Advanced Micro Devices, Inc. (AMD) and Amazon.com, Inc. (AMZN) recorded decreases of 1.40% and 1.08%, respectively, with prices of $160.99 and $184.12. Microsoft Corporation (MSFT) is trading at $415.41, down by 1.54%.
Meanwhile, among the stock gainers, Kaival Brands Innovations Group, Inc. (KAVL) surged impressively by 142.32% at $6.47. Longeveron Inc. (LGVN) followed suit, experiencing a notable increase of 56.80%, with the price of $2.65. Connexa Sports Technologies Inc. (YYAI) saw a gain of 40.00%, trading at $2.1000, and Destiny Tech100 Inc. (DXYZ) also showed significant increases of 33.07% at $38.59.
However, some stocks saw a significant decline, including Swvl Holdings Corp (SWVL), which decreased 34.74% to $8.66 per share. Stronghold Digital Mining, Inc. (SDIG) and Cazoo Group Ltd (CZOO) experienced decreases of 28.10% and 24.90%, respectively, with trading prices of $2.27 and $7.30. Infobird Co., Ltd (IFBD) also recorded a decline of 21.94% at $3.70.
In the energy futures market, crude oil futures were at 85.45 USD, experiencing a slight decline of 0.25%. Similarly, Brent crude futures stood at 90.13 USD, down by 0.35%. Henry Hub natural gas futures reflected a significant drop, currently at 1.691 USD, marking a decrease of 4.46%. RBOB gasoline futures were at 2.7588 USD, showing a decline of 1.57%. However, gold futures were slightly on the rise, priced at 2,384.9 USD, up by 0.45%.
In currency markets, the Euro to US Dollar (EUR/USD) exchange rate stood at 1.06288, indicating a slight decrease of 0.09% for the US Dollar against the Euro. Conversely, the US Dollar to Japanese Yen (USD/JPY) rate was 154.221, reflecting a gain of 0.64% for the US Dollar against the Yen. Meanwhile, the Australian Dollar to US Dollar (AUD/USD) rate sat at 0.64466, marking a decrease of 0.25% for the US Dollar against the Australian Dollar. In currency indices, the US Dollar Index (DXY) was at 106.179, showing a modest rise of 0.16%, while the Euro Index (EXY) was at 106.28, depicting a marginal decline of 0.15%. The Japanese Yen Index (JXY) stood at 64.85, signaling a decrease of 0.61%.
