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Stocks Mixed: Tech Soars, Retail Dives
25 Sep
Summary
- Dow Jones hit a 3-month low, S&P 500 slightly down, Nasdaq edged up.
- Moderna and Revvity shares surged to three-year highs.
- Crude oil prices increased, while gold futures saw a decline.
U.S. stock markets experienced a mixed performance on Thursday. The Dow Jones Industrial Average concluded the session 0.31% lower, marking a three-month low. The S&P 500 index saw a minor decrease of 0.02%, while the NASDAQ Composite managed a slight increase of 0.01%.
Several companies reached significant milestones. Moderna Inc. and Revvity Inc. shares climbed to three-year highs, with Moderna rising 6.98% and Revvity gaining 6.03%. Conversely, First Solar Inc. shares dropped to a 52-week low. In the energy sector, crude oil futures for November delivery rose 3.17% to $95.08 per barrel, and Brent crude also saw gains.
In currency markets, the US Dollar Index Futures increased by 0.23% to 101.04. Meanwhile, EUR/USD remained stable, and USD/JPY saw a rise. The CBOE Volatility Index, a measure of market uncertainty, increased by 3.23%.
