S&P 500 Soars 1.23% as QUALCOMM Leads with 11.09% Surge Amid Mixed Market
The S&P 500 index rose by 1.23% today, reflecting a 2.62% increase over the past week and a 3.48% gain over the last month, despite a mixed market where more stocks declined than advanced. QUALCOMM led large-cap gains with an 11.09% rise, while Newmont Corp. fell by 5.69%. In mid-caps, Super Micro Computer gained 6.79%, contrasting with Anglogold Ashanti's 5.22% drop. Small-cap stocks showed significant volatility, highlighted by Avidity Biosciences' 42.42% surge and Intellia Therapeutics' 42.23% decline, indicating stronger performance among larger stocks.
The S&P 500 index experienced a notable increase of 1.23% today, marking a robust performance with a 2.62% rise over the past five days and a significant 3.48% gain over the last 30 days. This upward trend reflects a mixed market environment, with a total of 2,259 stocks advancing compared to 2,443 declining, resulting in an advance-decline ratio of 0.92 across the market.In the large-cap sector, QUALCOMM, Inc. emerged as the top performer, achieving an impressive return of 11.09%. Conversely, Newmont Corp. struggled, recording a decline of 5.69%. The mid-cap segment saw Super Micro Computer, Inc. leading with a return of 6.79%, while Anglogold Ashanti Plc faced challenges with a 5.22% drop.
Small-cap stocks displayed volatility, with Avidity Biosciences, Inc. soaring by 42.42%, while Intellia Therapeutics, Inc. plummeted by 42.23%. The advance-decline ratios varied across market caps, with large caps showing a strong ratio of 2.81, mid caps at 1.51, and small caps at 1.07, indicating a generally positive sentiment among larger stocks.
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