US Stocks Decline as Tech Sector Faces Headwinds; Apple and Tesla Lead Losses

US Stocks Decline as Tech Sector Faces Headwinds; Apple and Tesla Lead Losses

Key Points:

  • US stocks faced declines, with the S&P 500 decrease of 1.00%, Nasdaq 100 dipped by 1.64%, and Dow 30 decrease of 0.81%. 
  • Tesla shares are facing a more substantial decline of 4.98%, Super Micro Computer is down by 6.47%, and Apple shares slipped 2.97%.
  • Airship AI Holdings’ stock price soared by 88.48%, and Datasea Inc. also saw a remarkable increase of 103.91%, while Dave Inc. displayed a gain of 46.12%.
  • Crawford & Company was downed by 27.48%, BitFuFu Inc. experienced a decrease of 29.55%, and Zhongchao Inc. witnessed an 18.24% drop.

U.S. stocks experienced another losing session on Tuesday, with the technology sector taking a hit, particularly as Apple faced challenges. The major indices experienced a downturn. At 11:45 AM (ET), the S&P 500 closed at 5079.78, marking a decrease of 1.00%, while the Nasdaq 100 dipped by 1.64% to reach 17927.98. The Dow 30 also declined, closing at 38675.34 with a decrease of 0.81%.

NVIDIA Corporation (NVDA) is trading at 844.86 USD, showing a slight decrease of 0.88%. Tesla, Inc. (TSLA) follows closely behind, trading at 178.78 USD, facing a more substantial decline of 4.98%. Apple Inc. (AAPL) at 169.90 USD with a 2.97% decrease after a report revealed a 24% year-on-year decline in iPhone sales in China. Other major players in the market include Advanced Micro Devices Inc. (AMD) at 201.36 USD with a 1.95% drop, Super Micro Computer Inc. (SMCI) at 1004.79 USD with down by 6.47%, and Microsoft Corporation (MSFT) at 403.17 USD showing a 2.83% decline.

In terms of stock gainers, Airship AI Holdings, Inc. (AISP) experienced a significant surge, with its stock price soaring by 88.48%. Datasea Inc. (DTSS) also saw a remarkable increase of 103.91%, while Dave Inc. (DAVE) displayed a gain of 46.12%. On the other hand, Crawford & Company (CRD.A) was downed by 27.48%, BitFuFu Inc. (FUFU) experienced a decrease of 29.55%, and Zhongchao Inc. (ZCMD) witnessed an 18.24% drop.

The EUR to USD exchange rate stands at 1.08587, experiencing a marginal increase of 0.03%. Conversely, the USD to JPY rate is 150.216, slightly decreasing 0.20%. The AUD to USD rate is 0.65008, reflecting a decrease of 0.09%. Furthermore, the U.S. Dollar Index (DXY) is at 103.780, exhibiting a minor decline of 0.05%. The Euro (EXY) stands at 108.60, with a positive change of 0.04%, and the Japanese Yen (JXY) at 66.58, reflecting an increase of 0.23%.

Crude Oil Futures stand at $78.93 per barrel, witnessing a modest 0.24% uptick. Brent Crude Futures hold steady at $82.79 per barrel, experiencing a marginal -0.01% dip. Meanwhile, Henry Hub Natural Gas Futures show resilience at $1.920 per unit, registering a 0.21% increase. RBOB Gasoline Futures demonstrate volatility, declining by -1.33% to $2.5512 per gallon. Gold Futures exhibit strength at $2136.4 per ounce, up by 0.48%.

EDITORIAL TEAM
EDITORIAL TEAM
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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