Silver Shines as Israeli Market Dips, Tech Stocks Mixed
Daily Market Movers: Silver Soars, Israeli Index Retreats
Today's market saw some significant shifts, with silver-backed investments making a strong move higher while the main Israeli stock index experienced a notable decline. Major U.S. indices, on the other hand, showed very little change, indicating a mixed day across global markets.
Top Performers of the Day
Leading the pack of gainers was the SLV (iShares Silver Trust), which surged an impressive 8.36%, closing at $70.675. This marked a significant upward movement for the precious metal. Following closely was XPEV (XPeng Inc.), an electric vehicle maker, which climbed 6.57% to reach $20.855. Retail giant TGT (Target Corporation) also had a good day, rising 2.62% to $99.055, alongside chipmaker NVDA (Nvidia), which increased by 1.53% to $191.495.
Notable Declines
On the downside, the TA125 (תל אביב 125) index saw the most substantial drop among the major indices, falling 3.05% to settle at 3626.88. This represented a significant pullback for the Israeli market. In the cryptocurrency space, both major digital assets experienced slight dips. ETHUSD (Ethereum) declined 0.82% to $2927.013, and BTCUSD (Bitcoin) slipped 0.49% to $87533.164.
Broader Market Snapshot
Looking at the broader U.S. market, the SP500 (אס אנד פי 500) showed minimal movement, edging down just 0.03% to 6929.81. Similarly, the NASDAQ (נאסדק 100) index barely changed, slipping a mere 0.00% to 23612.824, reflecting a largely flat day for technology stocks. Meanwhile, the ILSUSD (דולר שקל) currency pair saw the Israeli Shekel weaken against the U.S. Dollar, with the pair gaining 0.48% to 3.193.
