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U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.88%

U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.88% – U.S. stocks were higher after the close on Wednesday, as gains in the Oil & Gas, Consumer Services and Basic Materials sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average added 1.88%, while the S&P 500 index added 1.97%, and the NASDAQ Composite index added 2.05%.

The best performers of the session on the Dow Jones Industrial Average were Home Depot Inc (NYSE:HD), which rose 5.02% or 13.50 points to trade at 282.19 at the close. Meanwhile, Boeing Co (NYSE:BA) added 4.65% or 5.93 points to end at 133.44 and Walt Disney Company (NYSE:DIS) was up 3.70% or 3.55 points to 99.40 in late trade.

The worst performers of the session were Apple Inc (NASDAQ:AAPL), which fell 1.27% or 1.92 points to trade at 149.84 at the close. Procter & Gamble Company (NYSE:PG) unchanged 0.00% or 0.00 points to end at 131.98 and McDonald’s Corporation (NYSE:MCD) was up 0.10% or 0.24 points to 236.94.

The top performers on the S&P 500 were Biogen Inc (NASDAQ:BIIB) which rose 39.85% to 276.61, Netflix Inc (NASDAQ:NFLX) which was up 9.29% to settle at 245.20 and Marathon Petroleum Corp (NYSE:MPC) which gained 7.80% to close at 100.09.

The worst performers were VF Corporation (NYSE:VFC) which was down 6.87% to 32.66 in late trade, Apple Inc (NASDAQ:AAPL) which lost 1.27% to settle at 149.84 and Qualcomm Incorporated (NASDAQ:QCOM) which was down 1.17% to 118.93 at the close.

The top performers on the NASDAQ Composite were PepGen Ltd (NASDAQ:PEPG) which rose 110.19% to 10.93, Acumen Pharmaceuticals Inc (NASDAQ:ABOS) which was up 103.83% to settle at 9.58 and Prothena Corporation plc (NASDAQ:PRTA) which gained 87.52% to close at 58.00.

The worst performers were PhaseBio Pharmaceuticals Inc (NASDAQ:PHAS) which was down 66.18% to 0.26 in late trade, Mind Medicine (MindMed) Inc (NASDAQ:MNMD) which lost 47.06% to settle at 3.24 and Nano Labs Ltd ADR (NASDAQ:NA) which was down 33.96% to 2.10 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 2804 to 383 and 102 ended unchanged; on the Nasdaq Stock Exchange, 3072 rose and 779 declined, while 199 ended unchanged.

Shares in VF Corporation (NYSE:VFC) fell to 5-year lows; falling 6.87% or 2.41 to 32.66. Shares in Qualcomm Incorporated (NASDAQ:QCOM) fell to 52-week lows; losing 1.17% or 1.41 to 118.93. Shares in Procter & Gamble Company (NYSE:PG) unchanged to 52-week lows; unchanged 0.00% or 0.00 to 131.98. Shares in PhaseBio Pharmaceuticals Inc (NASDAQ:PHAS) fell to all time lows; losing 66.18% or 0.50 to 0.26. Shares in Mind Medicine (MindMed) Inc (NASDAQ:MNMD) fell to 52-week lows; down 47.06% or 2.88 to 3.24. Shares in Nano Labs Ltd ADR (NASDAQ:NA) fell to all time lows; losing 33.96% or 1.08 to 2.10.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 7.39% to 30.19.

Gold Futures for December delivery was up 1.94% or 31.70 to $1,667.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 4.42% or 3.47 to hit $81.97 a barrel, while the December Brent oil contract rose 3.53% or 3.00 to trade at $87.87 a barrel.

EUR/USD was up 1.44% to 0.97, while USD/JPY fell 0.44% to 144.13.

The US Dollar Index Futures was down 1.19% at 112.69.


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