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U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.78%

Published 27/01/2016, 08:25 am
© Reuters.  U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.78%

Investing.com – U.S. stocks were higher after the close on Tuesday, as gains in the Oil & Gas, Telecoms and Basic Materials sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average rose 1.78%, while the S&P 500 index gained 1.41%, and the NASDAQ Composite index added 1.09%.

The best performers of the session on the Dow Jones Industrial Average were 3M Company (N:MMM), which rose 5.24% or 7.21 points to trade at 144.78 at the close. Meanwhile, Johnson & Johnson (N:JNJ) added 4.96% or 4.78 points to end at 101.18 and Chevron Corporation (N:CVX) was up 3.99% or 3.23 points to 84.12 in late trade.

The worst performers of the session were Coca-Cola Company (N:KO), which fell 0.19% or 0.08 points to trade at 42.08 at the close. American Express Company (N:AXP) added 0.13% or 0.07 points to end at 55.09 and Visa Inc (N:V) was up 0.20% or 0.14 points to 71.88.

The top performers on the S&P 500 were Williams Companies Inc (N:WMB) which rose 11.52% to 20.42, Range Resources Corporation (N:RRC) which was up 9.96% to settle at 27.38 and Coach Inc (N:COH) which gained 9.82% to close at 33.33.

The worst performers were Huntington Bancshares Incorporated (O:HBAN) which was down 8.52% to 8.05 in late trade, Waters Corporation (N:WAT) which lost 3.97% to settle at 122.55 and Harley-Davidson Inc (N:HOG) which was down 3.84% to 38.55 at the close.

The top performers on the NASDAQ Composite were Discovery Laboratories Inc (O:DSCO) which rose 893.86% to 1.78, Argos Therapeutics Inc (O:ARGS) which was up 35.92% to settle at 3.33 and Magellan Petroleum Corporation (O:MPET) which gained 30.29% to close at 0.456.

The worst performers were Globus Maritime Ltd (O:GLBS) which was down 16.00% to 0.08 in late trade, China Cmrcl (O:CCCR) which lost 16.33% to settle at 0.25 and Cellular Bi (O:CBMG) which was down 15.85% to 11.95 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 2808 to 599 and 5 ended unchanged; on the Nasdaq Stock Exchange, 1855 rose and 760 declined, while 55 ended unchanged.

Shares in Huntington Bancshares Incorporated (O:HBAN) fell to 52-week lows; down 8.52% or 0.75 to 8.05. Shares in Harley-Davidson Inc (N:HOG) fell to 3-years lows; down 3.84% or 1.54 to 38.55. Shares in Discovery Laboratories Inc (O:DSCO) rose to 52-week lows; gaining 893.86% or 1.60 to 1.78. Shares in China Cmrcl (O:CCCR) fell to all time lows; down 16.33% or 0.05 to 0.25. Shares in Cellular Bi (O:CBMG) fell to 52-week lows; losing 15.85% or 2.25 to 11.95.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 6.50% to 22.58.

Gold for February delivery was up 1.50% or 16.60 to $1121.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 2.65% or 0.81 to hit $31.14 a barrel, while the April Brent oil contract rose 3.05% or 0.95 to trade at $32.27 a barrel.

EUR/USD was up 0.05% to 1.0856, while USD/JPY rose 0.15% to 118.47.

The US Dollar Index was down 0.24% at 99.11.

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