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U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.06%

Published 04/13/2016, 04:25 PM
Updated 04/13/2016, 04:26 PM
© Reuters.  U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.06%
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Investing.com – U.S. stocks were higher after the close on Wednesday, as gains in the Financials, Technology and Industrials sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average gained 1.06% to hit a new 3-months high, while the S&P 500 index gained 1.00%, and the NASDAQ Composite index added 1.55%.

The best performers of the session on the Dow Jones Industrial Average were JPMorgan Chase & Co (NYSE:JPM), which rose 4.23% or 2.51 points to trade at 61.79 at the close. Meanwhile, Caterpillar Inc (NYSE:CAT) added 3.98% or 3.03 points to end at 79.13 and Goldman Sachs Group Inc (NYSE:GS) was up 3.59% or 5.54 points to 159.85 in late trade.

The worst performers of the session were Coca-Cola Company (NYSE:KO), which fell 1.31% or 0.61 points to trade at 46.04 at the close. Verizon Communications Inc (NYSE:VZ) declined 1.27% or 0.66 points to end at 51.29 and McDonald’s Corporation (NYSE:MCD) was down 0.55% or 0.70 points to 126.89.

The top performers on the S&P 500 were Tenet Healthcare Corporation (NYSE:THC) which rose 9.26% to 31.73, Micron Technology Inc (NASDAQ:MU) which was up 6.98% to settle at 10.88 and Legg Mason Inc (NYSE:LM) which gained 5.78% to close at 34.05.

The worst performers were Reynolds American Inc (NYSE:RAI) which was down 4.12% to 49.15 in late trade, Tyson Foods Inc (NYSE:TSN) which lost 4.01% to settle at 65.63 and Newmont Mining Corporation (NYSE:NEM) which was down 3.75% to 29.48 at the close.

The top performers on the NASDAQ Composite were Repros Therapeutics Inc (NASDAQ:RPRX) which rose 175.40% to 2.25, Trio Merger Corp (NASDAQ:SAEX) which was up 28.70% to settle at 0.628 and Donegal Group B Inc (NASDAQ:DGICB) which gained 27.63% to close at 16.400.

The worst performers were MOL Global Inc (NASDAQ:MOLG) which was down 55.22% to 0.3000 in late trade, Pacific Sunwear of California Inc (NASDAQ:PSUN) which lost 17.20% to settle at 0.0414 and Linn Co LLC (NASDAQ:LNCO) which was down 12.49% to 0.4402 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 2516 to 836 and 28 ended unchanged; on the Nasdaq Stock Exchange, 2008 rose and 608 declined, while 40 ended unchanged.

Shares in MOL Global Inc (NASDAQ:MOLG) fell to all time lows; falling 55.22% or 0.3699 to 0.3000. Shares in Pacific Sunwear of California Inc (NASDAQ:PSUN) fell to all time lows; losing 17.20% or 0.0086 to 0.0414.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 6.46% to 13.89.

Gold for June delivery was down 1.31% or 16.50 to $1244.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 1.49% or 0.63 to hit $41.54 a barrel, while the June Brent oil contract fell 1.72% or 0.77 to trade at $43.92 a barrel.

EUR/USD was down 0.91% to 1.1279, while USD/JPY rose 0.60% to 109.29.

The US Dollar Index was up 0.82% at 94.79.

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