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

U.S. shares higher at close of trade; Dow Jones Industrial Average up 1.44%

Published 11/07/2020, 07:25 am
© Reuters.  U.S. shares higher at close of trade; Dow Jones Industrial Average up 1.44%
US500
-
DJI
-
MSFT
-
CSCO
-
GS
-
JPM
-
TRV
-
JNJ
-
MPC
-
IXIC
-
DJUSNC
-
DJUSFN
-
DJUSEN
-
CCL
-
REGN
-
MHK
-
RCL
-
SNPS
-
VIX
-
TEDU
-
BTBT
-
WAFU
-
WIMI
-
CNTGF
-
IMG
-

Investing.com – U.S. equities were higher at the close on Friday, as gains in the Oil & Gas, Consumer Goods and Financials sectors propelled shares higher.

At the close in NYSE, the Dow Jones Industrial Average rose 1.44%, while the S&P 500 index added 1.05%, and the NASDAQ Composite index climbed 0.66%.

The biggest gainers of the session on the Dow Jones Industrial Average were JPMorgan Chase & Co (NYSE:JPM), which rose 5.47% or 4.99 points to trade at 96.27 at the close. Goldman Sachs Group Inc (NYSE:GS) added 4.44% or 8.73 points to end at 205.56 and The Travelers Companies Inc (NYSE:TRV) was up 3.45% or 3.80 points to 113.84 in late trade.

Biggest losers included Microsoft Corporation (NASDAQ:MSFT), which lost 0.30% or 0.65 points to trade at 213.67 in late trade. Cisco Systems Inc (NASDAQ:CSCO) declined 0.09% or 0.04 points to end at 46.66 and Johnson & Johnson (NYSE:JNJ) shed 0.08% or 0.12 points to 142.37.

The top performers on the S&P 500 were Carnival Corporation (NYSE:CCL) which rose 10.84% to 16.16, Royal Caribbean Cruises Ltd (NYSE:RCL) which was up 9.87% to settle at 51.77 and Marathon Petroleum Corp (NYSE:MPC) which gained 8.55% to close at 36.20.

The worst performers were Mohawk Industries Inc (NYSE:MHK) which was down 3.62% to 70.47 in late trade, Synopsys Inc (NASDAQ:SNPS) which lost 3.20% to settle at 198.01 and Regeneron Pharmaceuticals Inc (NASDAQ:REGN) which was down 3.09% to 620.86 at the close.

The top performers on the NASDAQ Composite were WiMi Hologram Cloud Inc (NASDAQ:WIMI) which rose 280.99% to 14.63, Tarena Intl Adr (NASDAQ:TEDU) which was up 44.10% to settle at 2.320 and Wah Fu Education Group Ltd (NASDAQ:WAFU) which gained 43.60% to close at 7.180.

The worst performers were Golden Bull Ltd (NASDAQ:DNJR) which was down 24.32% to 1.8200 in late trade, Centogene B V (NASDAQ:CNTG) which lost 22.09% to settle at 13.30 and Nuzee Inc (NASDAQ:NUZE) which was down 18.38% to 14.61 at the close.

Advancing stocks outnumbered falling ones by 2161 to 704 and 61 ended unchanged; on the Nasdaq Stock Exchange, 1656 rose and 1039 declined, while 68 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 6.73% to 27.29 a new 1-month low.

In commodities trading, Gold Futures for August delivery was down 0.12% or 2.25 to $1801.55 a troy ounce. Meanwhile, Crude oil for delivery in August rose 2.37% or 0.94 to hit $40.56 a barrel, while the September Brent oil contract rose 2.17% or 0.92 to trade at $43.27 a barrel.

EUR/USD was up 0.17% to 1.1300, while USD/JPY fell 0.26% to 106.92.

The US Dollar Index Futures was down 0.05% at 96.625.

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.