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The AGEM Index decreased by 109.86 points to 1,109.06 in April 2024, a 9.0 percent decrease from the prior month. Compared to one year ago, the index was up 137.54 points, or 14.2 percent.
During the latest month, two of the 12 AGEM Index companies reported stock price increases, which resulted in two positive contributions and 10 negative contributions to the AGEM Index.
The largest negative contributor to the monthly index was Aristocrat Leisure Limited (ASX: ALL), whose 7.2 percent decrease in stock price led to a 37.06-point loss to the index. Meanwhile, Light & Wonder Inc. (NASDAQ: LNW) saw its stock price decrease by 12.6 percent, leading to a 27.73-point loss for the index. The largest positive contributor to the index was Transact Technologies (NASDAQ: TACT), whose 2.1 percent increase in stock price resulted in a 0.03-point gain to the AGEM Index.
After five consecutive months of growth across the board, all three major U.S. stock indices decreased in April 2024. The Dow Jones Industrial Average fell by 5.0 percent over the month, while the NASDAQ fell by 4.4 percent. Additionally, the S&P 500 decreased by 4.2 percent from the prior month.
Note: In April 2023, Crane NXT, Co. separated from Crane Company. The listed stock price prior to that date is a pro forma calculated estimate.
