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U.S. shares higher at close of trade; Dow Jones Industrial Average up 1.22%

Published 28/03/2024, 07:30 am
Updated 28/03/2024, 07:30 am
© Reuters U.S. shares higher at close of trade; Dow Jones Industrial Average up 1.22%

Investing.com – U.S. equities were higher at the close on Wednesday, as gains in the Utilities, Basic Materials and Telecoms sectors propelled shares higher.

At the close in NYSE, the Dow Jones Industrial Average rose 1.22%, while the S&P 500 index climbed 0.86%, and the NASDAQ Composite index added 0.51%.

The biggest gainers of the session on the Dow Jones Industrial Average were Merck & Company Inc (NYSE:MRK), which rose 4.96% or 6.23 points to trade at 131.75 at the close. Intel Corporation (NASDAQ:INTC) added 4.24% or 1.78 points to end at 43.77 and Boeing Co (NYSE:BA) was up 2.37% or 4.45 points to 191.95 in late trade.

Biggest losers included Salesforce Inc (NYSE:CRM), which lost 1.46% or 4.45 points to trade at 301.38 in late trade. Visa Inc Class A (NYSE:V) declined 0.56% or 1.58 points to end at 279.02 and Microsoft Corporation (NASDAQ:MSFT) shed 0.05% or 0.22 points to 421.43.

The top performers on the S&P 500 were Enphase Energy Inc (NASDAQ:ENPH) which rose 9.56% to 119.80, First Solar Inc (NASDAQ:FSLR) which was up 9.33% to settle at 167.45 and Cintas Corporation (NASDAQ:CTAS) which gained 8.25% to close at 685.64.

The worst performers were Arista Networks (NYSE:ANET) which was down 3.13% to 288.50 in late trade, ServiceNow Inc (NYSE:NOW) which lost 2.57% to settle at 758.60 and Netflix Inc (NASDAQ:NFLX) which was down 2.50% to 613.53 at the close.

The top performers on the NASDAQ Composite were Lixte Biotechnology Holdings Inc (NASDAQ:LIXT) which rose 55.75% to 3.52, Biosig Technologies Inc (NASDAQ:BSGM) which was up 55.32% to settle at 0.73 and Ontrak Inc (NASDAQ:OTRK) which gained 38.69% to close at 0.60.

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The worst performers were Gamida Cell Ltd (NASDAQ:GMDA) which was down 82.74% to 0.06 in late trade, Direct Digital Holdings Inc (NASDAQ:DRCT) which lost 39.49% to settle at 16.04 and Wetouch Technology Inc (NASDAQ:WETH) which was down 32.69% to 2.28 at the close.

Advancing stocks outnumbered falling ones by 2341 to 544 and 53 ended unchanged; on the Nasdaq Stock Exchange, 2443 rose and 932 declined, while 112 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 3.47% to 12.78 a new 1-month low.

In commodities trading, Gold Futures for April delivery was up 0.74% or 16.10 to $2,193.30 a troy ounce. Meanwhile, Crude oil for delivery in May rose 0.07% or 0.06 to hit $81.68 a barrel, while the June Brent oil contract rose 0.01% or 0.01 to trade at $85.64 a barrel.

EUR/USD was unchanged 0.02% to 1.08, while USD/JPY fell 0.16% to 151.32.

The US Dollar Index Futures was up 0.02% at 104.01.

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