💥 Fed cuts sparks mid cap boom! ProPicks AI scores with 4 stocks +23% each. Get October’s update first.Pick Stocks with AI

U.S. shares higher at close of trade; Dow Jones Industrial Average up 0.54%

Published 2023-08-23, 04:25 p/m
© Reuters.  U.S. shares higher at close of trade; Dow Jones Industrial Average up 0.54%

Investing.com – U.S. equities were higher at the close on Wednesday, as gains in the Technology, Financials and Industrials sectors propelled shares higher.

At the close in NYSE, the Dow Jones Industrial Average gained 0.54%, while the S&P 500 index gained 1.10%, and the NASDAQ Composite index climbed 1.59%.

The biggest gainers of the session on the Dow Jones Industrial Average were Merck & Company Inc (NYSE:MRK), which rose 3.80% or 4.07 points to trade at 111.30 at the close. Intel Corporation (NASDAQ:INTC) added 3.31% or 1.09 points to end at 33.98 and Apple Inc (NASDAQ:AAPL) was up 2.19% or 3.89 points to 181.12 in late trade.

Biggest losers included Nike Inc (NYSE:NKE), which lost 2.67% or 2.71 points to trade at 98.75 in late trade. Johnson & Johnson (NYSE:JNJ) declined 0.90% or 1.49 points to end at 164.53 and Dow Inc (NYSE:DOW) shed 0.73% or 0.39 points to 53.40.

The top performers on the S&P 500 were VF Corporation (NYSE:VFC) which rose 3.90% to 19.70, Merck & Company Inc (NYSE:MRK) which was up 3.80% to settle at 111.30 and Carnival Corporation (NYSE:CCL) which gained 3.77% to close at 16.25.

The worst performers were Insulet Corporation (NASDAQ:PODD) which was down 4.66% to 188.52 in late trade, EQT Corporation (NYSE:EQT) which lost 3.80% to settle at 41.75 and CF Industries Holdings Inc (NYSE:CF) which was down 3.06% to 74.40 at the close.

The top performers on the NASDAQ Composite were VCI Global Ltd (NASDAQ:VCIG) which rose 84.00% to 6.90, Mullen Automotive Inc (NASDAQ:MULN) which was up 68.07% to settle at 0.80 and AgileThought Inc (NASDAQ:AGIL) which gained 61.18% to close at 0.34.

The worst performers were Bruush Oral Care Inc Unit (NASDAQ:BRSH) which was down 50.14% to 1.73 in late trade, Orbital Infrastructure Group Inc (NASDAQ:OIG) which lost 33.52% to settle at 1.19 and Cuentas Inc (NASDAQ:CUEN) which was down 30.72% to 2.12 at the close.

Advancing stocks outnumbered falling ones by 2234 to 716 and 65 ended unchanged; on the Nasdaq Stock Exchange, 2241 rose and 1238 declined, while 134 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 5.83% to 15.98.

In commodities trading, Gold Futures for December delivery was up 1.02% or 19.55 to $1,945.55 a troy ounce. Meanwhile, Crude oil for delivery in October fell 1.39% or 1.11 to hit $78.53 a barrel, while the October Brent oil contract fell 1.36% or 1.14 to trade at $82.89 a barrel.

EUR/USD was unchanged 0.18% to 1.09, while USD/JPY fell 0.69% to 144.88.

The US Dollar Index Futures was down 0.18% at 103.29.

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.