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U.S. stocks higher at close of trade; Dow Jones Industrial Average up 3.58%

Published 11/06/2024, 03:30 PM
Updated 11/06/2024, 03:35 PM
© Reuters.  U.S. stocks higher at close of trade; Dow Jones Industrial Average up 3.58%
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Investing.com – U.S. stocks were higher after the close on Wednesday, as gains in the Financials, Oil & Gas and Industrials sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average rose 3.58% to hit a new all time high, while the S&P 500 index climbed 2.54%, and the NASDAQ Composite index climbed 2.95%.

The best performers of the session on the Dow Jones Industrial Average were Goldman Sachs Group Inc (NYSE:GS), which rose 13.26% or 69.89 points to trade at 596.85 at the close. Meanwhile, JPMorgan Chase & Co (NYSE:JPM) added 11.36% or 25.16 points to end at 246.65 and Caterpillar Inc (NYSE:CAT) was up 8.74% or 33.53 points to 416.90 in late trade.

The worst performers of the session were Nike Inc (NYSE:NKE), which fell 3.09% or 2.41 points to trade at 75.57 at the close. Procter & Gamble Company (NYSE:PG) declined 2.72% or 4.51 points to end at 161.25 and Home Depot Inc (NYSE:HD) was down 2.65% or 10.59 points to 389.51.

The top performers on the S&P 500 were Synchrony Financial (NYSE:SYF) which rose 18.94% to 67.58, Discover Financial Services (NYSE:DFS) which was up 18.66% to settle at 180.19 and Trimble Inc (NASDAQ:TRMB) which gained 17.33% to close at 72.30.

The worst performers were Super Micro Computer Inc (NASDAQ:SMCI) which was down 17.69% to 22.80 in late trade, Enphase Energy Inc (NASDAQ:ENPH) which lost 16.09% to settle at 75.47 and International Flavors & Fragrances Inc (NYSE:IFF) which was down 11.74% to 87.47 at the close.

The top performers on the NASDAQ Composite were Wellchange Holdings Co Ltd (NASDAQ:WCT) which rose 99.48% to 7.62, Galaxy Payroll Group Ltd (NASDAQ:GLXG) which was up 92.30% to settle at 14.96 and ARB IOT Group Ltd (NASDAQ:ARBB) which gained 62.50% to close at 0.92.

The worst performers were Vast Renewables Ltd (NASDAQ:VSTE) which was down 44.22% to 2.99 in late trade, Bionomics Ltd ADR (NASDAQ:BNOX) which lost 45.03% to settle at 0.27 and Zyversa Therapeutics Inc (NASDAQ:ZVSA) which was down 42.73% to 1.45 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 1777 to 1028 and 39 ended unchanged; on the Nasdaq Stock Exchange, 2231 rose and 1077 declined, while 55 ended unchanged.

Shares in Synchrony Financial (NYSE:SYF) rose to all time highs; gaining 18.94% or 10.76 to 67.58. Shares in Super Micro Computer Inc (NASDAQ:SMCI) fell to 52-week lows; falling 17.69% or 4.90 to 22.80. Shares in Discover Financial Services (NYSE:DFS) rose to all time highs; up 18.66% or 28.34 to 180.19. Shares in Enphase Energy Inc (NASDAQ:ENPH) fell to 3-years lows; down 16.09% or 14.48 to 75.47. Shares in Trimble Inc (NASDAQ:TRMB) rose to 52-week highs; up 17.33% or 10.68 to 72.30. Shares in Goldman Sachs Group Inc (NYSE:GS) rose to all time highs; gaining 13.26% or 69.89 to 596.85. Shares in JPMorgan Chase & Co (NYSE:JPM) rose to all time highs; rising 11.36% or 25.16 to 246.65. Shares in Caterpillar Inc (NYSE:CAT) rose to all time highs; up 8.74% or 33.53 to 416.90. Shares in Galaxy Payroll Group Ltd (NASDAQ:GLXG) rose to all time highs; rising 92.30% or 7.18 to 14.96. Shares in Zyversa Therapeutics Inc (NASDAQ:ZVSA) fell to all time lows; losing 42.73% or 1.09 to 1.45.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 19.47% to 16.50 a new 1-month low.

Gold Futures for December delivery was down 2.89% or 79.40 to $2,670.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 0.03% or 0.02 to hit $71.97 a barrel, while the January Brent oil contract fell 0.40% or 0.30 to trade at $75.23 a barrel.

EUR/USD was down 1.77% to 1.07, while USD/JPY rose 1.92% to 154.51.

The US Dollar Index Futures was up 1.60% at 104.98.

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