S&P 500 Rises 0.4% as Advanced Micro Devices Soars 9.4% Amid Strong Market Sentiment
The S&P 500 index rose by 0.4%, continuing a positive trend with a 1.81% increase over the past week. This upward momentum is supported by a favorable advance-decline ratio of 1.18, indicating more stocks gained than lost. Advanced Micro Devices led large-cap gains with a 9.4% rise, while Bitdeer Technologies surged 28.73% in the small-cap sector. Despite some declines, particularly in Axon Enterprise and Karooooo Ltd., the overall market sentiment remains cautiously optimistic, with smaller stocks showing stronger performance relative to larger ones.
The S&P 500 index experienced a modest increase of 0.4% today, continuing its upward trend with a notable rise of 1.81% over the past five days and 0.84% over the last month. This positive momentum reflects a broader market sentiment, with a total of 2,451 stocks advancing compared to 2,078 declining, resulting in an advance-decline ratio of 1.18 across the market.In the large-cap segment, Advanced Micro Devices, Inc. emerged as the top performer, boasting a return of 9.4%, while Axon Enterprise, Inc. struggled, recording a decline of 8.47%. Mid-cap stocks saw First Solar, Inc. leading with an 8.9% gain, contrasted by Atlassian Corp., which fell by 4.18%. The small-cap sector was particularly dynamic, with Bitdeer Technologies Group soaring by 28.73%, while Karooooo Ltd. faced a significant drop of 16.42%.
The advance-decline ratios varied across market caps, with large caps at 0.9, mid caps at 1.09, and small caps at 1.23, indicating a stronger performance among smaller stocks. Overall, today's market activity reflects a cautiously optimistic outlook as investors navigate through varying performances across different sectors.
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
