Daily Market Movers: AI Stocks Surge, Costco Dips
Today's Market Overview
The broader market saw a relatively quiet day for major U.S. indices. The SP500 edged down slightly by 0.14%, closing at 6840.23, while the NASDAQ 100 experienced an even smaller dip of 0.03%, ending at 23447.016. In contrast, the Tel Aviv 125 index, TA125, showed a modest gain, rising by 0.70% to 3535.7.
Top Performers: AI and Tech Lead the Way
Today's market spotlight shone brightly on several individual stocks, particularly in the tech and AI sectors. Oklo Inc. (OKLO) was a standout gainer, soaring by an impressive 17.77% to reach $113.7585. Close behind was BigBear.ai, Inc. (BBAI), which also saw a significant jump of 16.39%, closing at $7.1. Social media giant Meta (META) also had a strong showing, climbing by 3.28% to $660.57, indicating a positive sentiment for some of the larger tech players.
Notable Declines
On the downside, Costco Wholesale Corporation (COST) experienced a notable drop, falling by 2.99% to $894.6. This made it one of the more significant decliners among the tracked stocks today.
Cryptocurrency and Currency Movements
The cryptocurrency market saw some downward pressure. Bitcoin (BTCUSD) dipped by 0.99%, settling at $92104.26, while Ethereum (ETHUSD) also saw a slight decrease of 0.10%, trading at $3121.1826. Meanwhile, the Israeli Shekel to US Dollar exchange rate, ILSUSD, moved up by 0.43%, with the dollar trading at 3.2408 Shekels.
