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

U.S. stocks mixed at close of trade; Dow Jones Industrial Average up 1.51%

Published 05/31/2024, 04:30 PM
© Reuters.  U.S. stocks mixed at close of trade; Dow Jones Industrial Average up 1.51%

Investing.com – U.S. stocks were mixed after the close on Friday, as gains in the Telecoms, Oil & Gas and Utilities sectors led shares higher while losses in the Technology, Consumer Services and Industrials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average added 1.51%, while the S&P 500 index added 0.80%, and the NASDAQ Composite index declined 0.01%.

The best performers of the session on the Dow Jones Industrial Average were Salesforce Inc (NYSE:CRM), which rose 7.54% or 16.43 points to trade at 234.44 at the close. Meanwhile, Unitedhealth Group (NYSE:UNH) added 2.85% or 13.72 points to end at 495.37 and Boeing Co (NYSE:BA) was up 2.81% or 4.86 points to 177.61 in late trade.

The worst performers of the session were Amazon.com Inc (NASDAQ:AMZN), which fell 1.60% or 2.88 points to trade at 176.44 at the close. Caterpillar Inc (NYSE:CAT) declined 0.22% or 0.73 points to end at 338.52 and Microsoft Corporation (NASDAQ:MSFT) was up 0.23% or 0.94 points to 415.13.

The top performers on the S&P 500 were Caesars Entertainment Corporation (NASDAQ:CZR) which rose 11.65% to 35.56, VF Corporation (NYSE:VFC) which was up 7.66% to settle at 13.28 and Salesforce Inc (NYSE:CRM) which gained 7.54% to close at 234.44.

The worst performers were Paycom Soft (NYSE:PAYC) which was down 8.58% to 145.32 in late trade, Moderna Inc (NASDAQ:MRNA) which lost 5.89% to settle at 142.55 and Super Micro Computer Inc (NASDAQ:SMCI) which was down 5.25% to 784.51 at the close.

The top performers on the NASDAQ Composite were Novo Integrated Sciences Inc (NASDAQ:NVOS) which rose 135.03% to 1.05, Brand Engagement Network Inc (NASDAQ:BNAI) which was up 110.85% to settle at 5.44 and Portage Biotech Inc (NASDAQ:PRTG) which gained 91.56% to close at 0.48.

The worst performers were Webuy Global Ltd (NASDAQ:WBUY) which was down 61.38% to 0.24 in late trade, Smart for Life Inc (NASDAQ:SMFL) which lost 42.21% to settle at 3.45 and Sify Technologies Limited (NASDAQ:SIFY) which was down 34.52% to 1.10 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 2173 to 685 and 50 ended unchanged; on the Nasdaq Stock Exchange, 1952 rose and 1384 declined, while 146 ended unchanged.

Shares in Paycom Soft (NYSE:PAYC) fell to 5-year lows; falling 8.58% or 13.63 to 145.32. Shares in Webuy Global Ltd (NASDAQ:WBUY) fell to all time lows; losing 61.38% or 0.39 to 0.24. Shares in Sify Technologies Limited (NASDAQ:SIFY) fell to 52-week lows; falling 34.52% or 0.58 to 1.10.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 10.71% to 12.92.

Gold Futures for August delivery was down 0.75% or 17.80 to $2,348.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.85% or 0.66 to hit $77.25 a barrel, while the August Brent oil contract fell 0.61% or 0.50 to trade at $81.38 a barrel.

EUR/USD was unchanged 0.13% to 1.08, while USD/JPY rose 0.33% to 157.32.

The US Dollar Index Futures was down 0.06% at 104.59.

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.