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U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.85%

Published 07/16/2024, 04:30 PM
Updated 07/16/2024, 04:35 PM
© Reuters.  U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.85%
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Investing.com – U.S. stocks were higher after the close on Tuesday, as gains in the Industrials, Basic Materials and Consumer Goods sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average added 1.85% to hit a new all time high, while the S&P 500 index climbed 0.64%, and the NASDAQ Composite index added 0.21%.

The best performers of the session on the Dow Jones Industrial Average were Unitedhealth Group (NYSE:UNH), which rose 6.50% or 33.50 points to trade at 548.87 at the close. Meanwhile, Caterpillar Inc (NYSE:CAT) added 4.28% or 14.81 points to end at 360.58 and Boeing Co (NYSE:BA) was up 3.87% or 6.94 points to 186.05 in late trade.

The worst performers of the session were Merck & Company Inc (NYSE:MRK), which fell 2.10% or 2.69 points to trade at 125.43 at the close. Microsoft Corporation (NASDAQ:MSFT) declined 0.98% or 4.47 points to end at 449.49 and Intel Corporation (NASDAQ:INTC) was down 0.35% or 0.12 points to 34.34.

The top performers on the S&P 500 were Molina Healthcare Inc (NYSE:MOH) which rose 8.22% to 307.33, Builders FirstSource Inc (NYSE:BLDR) which was up 8.01% to settle at 165.44 and Warner Bros Discovery Inc (NASDAQ:WBD) which gained 7.55% to close at 7.98.

The worst performers were Charles Schwab Corp (NYSE:SCHW) which was down 10.19% to 67.42 in late trade, Raymond James Financial Inc (NYSE:RJF) which lost 6.28% to settle at 113.51 and Constellation Energy Corp (NASDAQ:CEG) which was down 3.76% to 204.88 at the close.

The top performers on the NASDAQ Composite were Alzamend Neuro Inc (NASDAQ:ALZN) which rose 964.34% to 3.97, Silo Pharma Inc (NASDAQ:SILO) which was up 123.36% to settle at 2.39 and Yoshitsu Co Ltd ADR (NASDAQ:TKLF) which gained 103.40% to close at 0.62.

The worst performers were Adamas One Corp (NASDAQ:JEWL) which was down 25.88% to 0.33 in late trade, Autonomix Medical Inc (NASDAQ:AMIX) which lost 23.19% to settle at 1.06 and Antelope Enterprise Holdings Ltd (NASDAQ:AEHL) which was down 21.47% to 4.06 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 2304 to 546 and 72 ended unchanged; on the Nasdaq Stock Exchange, 2590 rose and 744 declined, while 115 ended unchanged.

Shares in Silo Pharma Inc (NASDAQ:SILO) rose to 52-week highs; gaining 123.36% or 1.32 to 2.39.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 0.53% to 13.19.

Gold Futures for August delivery was up 1.80% or 43.70 to $2,472.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 1.24% or 1.00 to hit $79.84 a barrel, while the September Brent oil contract fell 1.23% or 1.04 to trade at $83.81 a barrel.

EUR/USD was unchanged 0.07% to 1.09, while USD/JPY rose 0.24% to 158.38.

The US Dollar Index Futures was up 0.03% at 103.91.

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