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U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.09%

Published 07/10/2024, 04:30 PM
Updated 07/10/2024, 04:35 PM
© Reuters U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.09%
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Investing.com – U.S. stocks were higher after the close on Wednesday, as gains in the Technology, Basic Materials and Industrials sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average added 1.09% to hit a new 1-month high, while the S&P 500 index climbed 1.02%, and the NASDAQ Composite index climbed 1.18%.

The best performers of the session on the Dow Jones Industrial Average were Home Depot Inc (NYSE:HD), which rose 2.10% or 7.09 points to trade at 344.18 at the close. Meanwhile, 3M Company (NYSE:MMM) added 1.99% or 1.98 points to end at 101.67 and Travelers Companies (NYSE:TRV) was up 1.99% or 4.05 points to 207.19 in late trade.

The worst performers of the session were Visa Inc Class A (NYSE:V), which fell 0.92% or 2.44 points to trade at 263.00 at the close. Walt Disney Company (NYSE:DIS) declined 0.11% or 0.11 points to end at 96.95 and Salesforce Inc (NYSE:CRM) was up 0.06% or 0.16 points to 252.59.

The top performers on the S&P 500 were Albemarle Corp (NYSE:ALB) which rose 7.11% to 96.90, CarMax Inc (NYSE:KMX) which was up 6.46% to settle at 76.93 and Illumina Inc (NASDAQ:ILMN) which gained 6.08% to close at 113.17.

The worst performers were Deckers Outdoor Corporation (NYSE:DECK) which was down 4.86% to 893.37 in late trade, Uber Technologies Inc (NYSE:UBER) which lost 2.88% to settle at 69.27 and Kenvue Inc (NYSE:KVUE) which was down 2.85% to 17.70 at the close.

The top performers on the NASDAQ Composite were Fresh2 Group Ltd DRC (NASDAQ:FRES) which rose 820.38% to 2.89, Kazia Therapeutics Ltd ADR (NASDAQ:KZIA) which was up 248.02% to settle at 0.67 and Inspire Veterinary Partners Inc (NASDAQ:IVP) which gained 110.23% to close at 7.40.

The worst performers were Zapp Electric Vehicles Group Ltd (NASDAQ:ZAPP) which was down 47.91% to 9.35 in late trade, Shineco Inc (NASDAQ:SISI) which lost 44.79% to settle at 2.49 and CVRx Inc (NASDAQ:CVRX) which was down 38.52% to 7.15 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 2094 to 732 and 87 ended unchanged; on the Nasdaq Stock Exchange, 2039 rose and 1280 declined, while 139 ended unchanged.

Shares in Kenvue Inc (NYSE:KVUE) fell to all time lows; falling 2.85% or 0.52 to 17.70. Shares in Fresh2 Group Ltd DRC (NASDAQ:FRES) rose to all time lows; up 820.38% or 2.58 to 2.89.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 2.72% to 12.85.

Gold Futures for August delivery was up 0.43% or 10.20 to $2,378.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 1.22% or 0.99 to hit $82.40 a barrel, while the September Brent oil contract rose 0.83% or 0.70 to trade at $85.36 a barrel.

EUR/USD was unchanged 0.17% to 1.08, while USD/JPY rose 0.25% to 161.71.

The US Dollar Index Futures was down 0.10% at 104.70.

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