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U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.76%

Published 08/08/2024, 04:30 PM
© Reuters U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.76%
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Investing.com – U.S. stocks were higher after the close on Thursday, as gains in the Technology, Healthcare and Industrials sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average added 1.76%, while the S&P 500 index added 2.30%, and the NASDAQ Composite index added 2.86%.

The best performers of the session on the Dow Jones Industrial Average were Intel Corporation (NASDAQ:INTC), which rose 7.90% or 1.50 points to trade at 20.49 at the close. Meanwhile, Amgen Inc (NASDAQ:AMGN) added 3.90% or 12.19 points to end at 324.69 and Salesforce Inc (NYSE:CRM) was up 3.78% or 9.08 points to 249.12 in late trade.

The worst performers of the session were Walt Disney Company (NYSE:DIS), which unchanged 0.00% or 0.00 points to trade at 85.96 at the close. Unitedhealth Group (NYSE:UNH) added 0.03% or 0.16 points to end at 566.24 and Coca-Cola Co (NYSE:KO) was up 0.39% or 0.27 points to 68.73.

The top performers on the S&P 500 were Monolithic Power Systems Inc (NASDAQ:MPWR) which rose 11.42% to 843.52, Parker-Hannifin Corporation (NYSE:PH) which was up 10.84% to settle at 568.08 and Eli Lilly and Company (NYSE:LLY) which gained 9.48% to close at 845.31.

The worst performers were McKesson Corporation (NYSE:MCK) which was down 11.34% to 547.51 in late trade, Monster Beverage Corp (NASDAQ:MNST) which lost 10.93% to settle at 45.01 and Warner Bros Discovery Inc (NASDAQ:WBD) which was down 8.95% to 7.02 at the close.

The top performers on the NASDAQ Composite were Sunshine Biopharma Inc (NASDAQ:SBFM) which rose 1,847.18% to 2.97, Digital Turbine Inc (NASDAQ:APPS) which was up 61.80% to settle at 2.88 and Harrow Health Inc (NASDAQ:HROW) which gained 54.32% to close at 33.92.

The worst performers were Outset Medical Inc (NASDAQ:OM) which was down 68.53% to 1.07 in late trade, Entero Therapeutics Inc (NASDAQ:ENTO) which lost 61.85% to settle at 0.24 and Toughbuilt Industries Inc (NASDAQ:TBLT) which was down 59.96% to 2.17 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 2264 to 597 and 57 ended unchanged; on the Nasdaq Stock Exchange, 2466 rose and 888 declined, while 103 ended unchanged.

Shares in Monster Beverage Corp (NASDAQ:MNST) fell to 52-week lows; losing 10.93% or 5.53 to 45.01. Shares in Outset Medical Inc (NASDAQ:OM) fell to all time lows; falling 68.53% or 2.33 to 1.07. Shares in Entero Therapeutics Inc (NASDAQ:ENTO) fell to all time lows; losing 61.85% or 0.39 to 0.24. Shares in Harrow Health Inc (NASDAQ:HROW) rose to 5-year highs; rising 54.32% or 11.94 to 33.92.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 14.58% to 23.79.

Gold Futures for December delivery was up 1.33% or 32.35 to $2,464.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 1.20% or 0.90 to hit $76.13 a barrel, while the October Brent oil contract rose 0.97% or 0.76 to trade at $79.09 a barrel.

EUR/USD was unchanged 0.03% to 1.09, while USD/JPY rose 0.35% to 147.21.

The US Dollar Index Futures was up 0.03% at 103.03.

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