US Markets Dip, Cannabis Stocks Soar Amid Mixed Day
Market Overview
Today brought a mixed bag for investors, with major U.S. indices closing lower while Israel's main index saw gains. The NASDAQ fell by 1.69%, closing at 23,195.227, indicating a tough day for technology stocks. The broader SP500 also declined by 1.12%, ending the day at 6,823.73. In contrast, the TA125 index rose by 1.05%, reaching 3,648.1. On the currency front, the ILSUSD saw the dollar strengthen against the shekel by 0.66%, trading at 3.2197.
Top Gainers
Amidst the broader market's struggles, some individual stocks posted remarkable gains. Leading the charge was CGC (Canopy Growth Corporation), which surged an impressive 54.46%, closing at $1.74. Not far behind, TLRY (Tilray Brands, Inc.) also saw a significant jump of 41.90%, ending the day at $11.9701. These movements highlight strong interest in specific sectors despite overall market headwinds.
Significant Declines
On the losing side, several companies experienced substantial drops. FRMI (Fermi Inc.) was hit hard, plummeting 34.72% to close at $9.9552. Technology giant AVGO (Broadcom Inc.) also faced a challenging day, falling 12.31% to $356.33. These sharp declines underscore the volatility present in certain parts of the market.
Cryptocurrency Movements
The cryptocurrency market also saw downward pressure. ETHUSD (Ethereum) experienced a notable drop of 3.89%, trading at $3,075.186. BTCUSD (Bitcoin) also moved lower, declining by 0.98% to $90,114.51. These movements reflect a general cooling in the digital asset space following broader market trends.
