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U.S. stocks higher at close of trade; Dow Jones Industrial Average up 5.09%

Published 03/02/2020, 05:25 PM
© Reuters.  U.S. stocks higher at close of trade; Dow Jones Industrial Average up 5.09%
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Investing.com – U.S. stocks were higher after the close on Monday, as gains in the Utilities, Telecoms and Technology sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average rose 5.09%, while the S&P 500 index added 4.60%, and the NASDAQ Composite index added 4.49%.

The best performers of the session on the Dow Jones Industrial Average were Apple Inc (NASDAQ:AAPL), which rose 9.31% or 25.45 points to trade at 298.81 at the close. Meanwhile, Walmart Inc (NYSE:WMT) added 7.62% or 8.20 points to end at 115.88 and UnitedHealth Group Incorporated (NYSE:UNH) was up 7.12% or 18.15 points to 273.11 in late trade.

The worst performers of the session were Walt Disney Company (NYSE:DIS), which rose 1.98% or 2.33 points to trade at 119.98 at the close. Dow Inc (NYSE:DOW) added 2.50% or 1.01 points to end at 41.42 and 3M Company (NYSE:MMM) was up 2.53% or 3.78 points to 153.02.

The top performers on the S&P 500 were Costco Wholesale Corp (NASDAQ:COST) which rose 9.96% to 309.14, Apple Inc (NASDAQ:AAPL) which was up 9.31% to settle at 298.81 and Crown Castle International Corp (NYSE:CCI) which gained 9.04% to close at 156.24.

The worst performers were Foot Locker Inc (NYSE:FL) which was down 7.12% to 33.67 in late trade, Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) which lost 4.48% to settle at 35.59 and Nektar Therapeutics (NASDAQ:NKTR) which was down 3.41% to 20.10 at the close.

The top performers on the NASDAQ Composite were Heat Biologics Inc (NASDAQ:HTBX) which rose 142.42% to 0.8000, Novan Inc (NASDAQ:NOVN) which was up 112.51% to settle at 0.4673 and Karyopharm Therapeutics Inc (NASDAQ:KPTI) which gained 69.64% to close at 27.72.

The worst performers were Biocept Inc (NASDAQ:BIOC) which was down 42.31% to 0.4500 in late trade, Allied Healthcare Products Inc (NASDAQ:AHPI) which lost 34.79% to settle at 15.650 and Nextdecade Corp (NASDAQ:NEXT) which was down 28.20% to 2.75 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 2350 to 547 and 30 ended unchanged; on the Nasdaq Stock Exchange, 1940 rose and 757 declined, while 45 ended unchanged.

Shares in Karyopharm Therapeutics Inc (NASDAQ:KPTI) rose to 3-years highs; up 69.64% or 11.38 to 27.72. Shares in Nextdecade Corp (NASDAQ:NEXT) fell to all time lows; losing 28.20% or 1.08 to 2.75.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 16.68% to 33.42.

Gold Futures for April delivery was up 1.50% or 23.45 to $1590.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 6.17% or 2.76 to hit $47.52 a barrel, while the May Brent oil contract rose 0.11% or 0.06 to trade at $52.84 a barrel.

EUR/USD was up 0.06% to 1.1139, while USD/JPY rose 0.03% to 108.33.

The US Dollar Index Futures was down 0.55% at 97.537.

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