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Mixed Performance Seen in U.S. Stock Market as Trading Closes; Dow Jones Industrial Average Gains 0.56%

New York, NY – U.S. stocks exhibited a mixed trend at the conclusion of trading. The market saw a rise in the Utilities, Financials, and Oil & Gas sectors, while experiencing declines in the Technology, Consumer Services, and Industrials sectors.

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As trading wrapped up on the New York Stock Exchange (NYSE), the Dow Jones Industrial Average climbed by 0.56%. Conversely, the S&P 500 index slipped by 0.88%, and the NASDAQ Composite index saw a decline of 2.05%.

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Among the top performers on the Dow Jones Industrial Average were American Express Company (NYSE: AXP), which surged by 6.23% or 13.55 points to conclude at 231.05. JPMorgan Chase & Co (NYSE: JPM) also showed strength, adding 2.53% or 4.59 points to finish at 185.84. Additionally, Amgen Inc (NASDAQ: AMGN) rose by 2.35% or 6.18 points to settle at 268.93 by the end of the trading session.

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Conversely, notable decliners included Amazon.com Inc (NASDAQ: AMZN), which fell by 2.56% or 4.59 points to reach 174.63 at closing. Intel Corporation (NASDAQ: INTC) witnessed a decline of 2.40% or 0.84 points, closing at 34.20. Microsoft Corporation (NASDAQ: MSFT) also experienced a downturn, dropping by 1.27% or 5.15 points to 399.12.

On the S&P 500, Paramount Global Class B (NASDAQ: PARA) soared by 13.40% to 12.44, with American Express Company (NYSE: AXP) also registering significant gains of 6.23% to settle at 231.05. Fifth Third Bancorp (NASDAQ: FITB) closed higher as well, gaining 5.93% to reach 36.25.

However, Super Micro Computer Inc (NASDAQ: SMCI) faced substantial losses, plummeting by 23.14% to 713.65 in late trade. NVIDIA Corporation (NASDAQ: NVDA) and Netflix Inc (NASDAQ: NFLX) also experienced significant declines, with losses of 10.00% and 9.09% respectively.

Turning to the NASDAQ Composite, notable gainers included Golden Sun Education Group Ltd (NASDAQ: GSUN), which surged by 661.22% to 3.73, and Top Wealth Group Holding Ltd (NASDAQ: TWG), which climbed by 101.62% to settle at 3.73. Conversely, Connexa Sports Technologies Inc (NASDAQ: YYAI) faced a sharp decline of 57.20% to 0.89 in late trade, followed by Sunshine Biopharma Inc (NASDAQ: SBFM) and Graphjet Technology (NASDAQ: GTI), which saw declines of 46.84% and 33.09% respectively.

Market data revealed that rising stocks outnumbered declining ones on the New York Stock Exchange by 1915 to 922, with 78 ending unchanged. On the Nasdaq Stock Exchange, 1712 stocks rose, while 1654 declined, and 115 ended unchanged.

Shares in American Express Company (NYSE: AXP) and Top Wealth Group Holding Ltd (NASDAQ: TWG) reached all-time highs, while shares in Sunshine Biopharma Inc (NASDAQ: SBFM) hit all-time lows.

The CBOE Volatility Index, which gauges the implied volatility of S&P 500 options, rose by 3.94% to 18.71.

In commodities trading, Gold Futures for June delivery edged up by 0.22% or 5.30 to $2,403.30 per troy ounce. Crude oil for delivery in May rose by 0.66% or 0.55 to hit $83.28 a barrel, while the June Brent oil contract inched up by 0.11% or 0.10 to trade at $87.21 a barrel.

Regarding currency markets, the EUR/USD pair remained unchanged at 1.07, while the USD/JPY pair rose slightly by 0.01% to 154.65.

The US Dollar Index Futures recorded a marginal decline of 0.02% to 105.96.

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