Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.65%

Published 01/28/2022, 05:25 PM
© Reuters.  U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.65%
US500
-
DJI
-
CVX
-
CAT
-
MMM
-
AAPL
-
MA
-
VFC
-
WDC
-
CRM
-
V
-
IXIC
-
DXCM
-
DJUSCY
-
DJUSTL
-
DJUSTC
-
VIX
-
SYF
-
NVIVQ
-
MIGI
-
DOYU
-
VLCN
-
IMPP
-
TKLF
-

Investing.com – U.S. stocks were higher after the close on Friday, as gains in the Technology, Telecoms and Consumer Services sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average rose 1.65%, while the S&P 500 index climbed 2.43%, and the NASDAQ Composite index climbed 3.13%.

The best performers of the session on the Dow Jones Industrial Average were Visa Inc Class A (NYSE:V), which rose 10.60% or 21.85 points to trade at 228.00 at the close. Meanwhile, Apple Inc (NASDAQ:AAPL) added 6.98% or 11.11 points to end at 170.33 and Salesforce.com Inc (NYSE:CRM) was up 4.41% or 9.39 points to 222.13 in late trade.

The worst performers of the session were Caterpillar Inc (NYSE:CAT), which fell 5.19% or 11.01 points to trade at 201.16 at the close. 3M Company (NYSE:MMM) declined 4.15% or 7.06 points to end at 163.10 and Chevron Corp (NYSE:CVX) was down 3.52% or 4.76 points to 130.61.

The top performers on the S&P 500 were Visa Inc Class A (NYSE:V) which rose 10.60% to 228.00, Mastercard Inc (NYSE:MA) which was up 9.12% to settle at 382.51 and DexCom Inc (NASDAQ:DXCM) which gained 7.79% to close at 413.39.

The worst performers were Western Digital Corporation (NASDAQ:WDC) which was down 7.32% to 49.90 in late trade, Synchrony Financial (NYSE:SYF) which lost 6.75% to settle at 41.42 and VF Corporation (NYSE:VFC) which was down 6.52% to 62.96 at the close.

The top performers on the NASDAQ Composite were Imperial Petroleum Inc (NASDAQ:IMPP) which rose 87.93% to 2.18, Yoshitsu Co Ltd ADR (NASDAQ:TKLF) which was up 33.33% to settle at 3.40 and Mawson Infrastructure Group Inc (NASDAQ:MIGI) which gained 24.13% to close at 4.63.

The worst performers were Volcon Inc (NASDAQ:VLCN) which was down 21.16% to 2.98 in late trade, InVivo Therapeutics Holdings Corp (NASDAQ:NVIV) which lost 20.45% to settle at 0.3700 and DouYu International Holdings (NASDAQ:DOYU) which was down 19.05% to 2.040 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 2231 to 1024 and 134 ended unchanged; on the Nasdaq Stock Exchange, 2653 rose and 1192 declined, while 211 ended unchanged.

Shares in Western Digital Corporation (NASDAQ:WDC) fell to 52-week lows; down 7.32% or 3.94 to 49.90. Shares in VF Corporation (NYSE:VFC) fell to 52-week lows; losing 6.52% or 4.39 to 62.96. Shares in 3M Company (NYSE:MMM) fell to 52-week lows; losing 4.15% or 7.06 to 163.10. Shares in Volcon Inc (NASDAQ:VLCN) fell to all time lows; down 21.16% or 0.80 to 2.98. Shares in InVivo Therapeutics Holdings Corp (NASDAQ:NVIV) fell to all time lows; falling 20.45% or 0.0951 to 0.3700. Shares in DouYu International Holdings (NASDAQ:DOYU) fell to all time lows; falling 19.05% or 0.480 to 2.040.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 9.28% to 27.66.

Gold Futures for February delivery was down 0.17% or 3.00 to $1790.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.81% or 0.70 to hit $87.31 a barrel, while the April Brent oil contract rose 0.94% or 0.83 to trade at $89.00 a barrel.

EUR/USD was up 0.06% to 1.1150, while USD/JPY fell 0.10% to 115.22.

The US Dollar Index Futures was down 0.02% at 97.218.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.