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U.S. shares higher at close of trade; Dow Jones Industrial Average up 0.62%

Published 2020-07-22, 05:25 p/m
© Reuters.  U.S. shares higher at close of trade; Dow Jones Industrial Average up 0.62%
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Investing.com – U.S. equities were higher at the close on Wednesday, as gains in the Utilities, Basic Materials and Consumer Goods sectors propelled shares higher.

At the close in NYSE, the Dow Jones Industrial Average rose 0.62% to hit a new 1-month high, while the S&P 500 index gained 0.57%, and the NASDAQ Composite index gained 0.24%.

The biggest gainers of the session on the Dow Jones Industrial Average were Pfizer Inc (NYSE:PFE), which rose 5.10% or 1.87 points to trade at 38.56 at the close. Dow Inc (NYSE:DOW) added 3.02% or 1.30 points to end at 44.34 and McDonald’s Corporation (NYSE:MCD) was up 2.92% or 5.64 points to 198.62 in late trade.

Biggest losers included Goldman Sachs Group Inc (NYSE:GS), which lost 2.84% or 6.02 points to trade at 206.00 in late trade. Exxon Mobil Corp (NYSE:XOM) declined 2.33% or 1.04 points to end at 43.61 and JPMorgan Chase & Co (NYSE:JPM) shed 0.72% or 0.72 points to 98.69.

The top performers on the S&P 500 were HCA Holdings Inc (NYSE:HCA) which rose 11.97% to 122.42, Advanced Micro Devices Inc (NASDAQ:AMD) which was up 8.40% to settle at 61.79 and Best Buy Co Inc (NYSE:BBY) which gained 7.84% to close at 97.36.

The worst performers were FirstEnergy Corporation (NYSE:FE) which was down 20.91% to 27.09 in late trade, Northern Trust Corporation (NASDAQ:NTRS) which lost 5.27% to settle at 75.62 and Macy’s Inc (NYSE:M) which was down 5.00% to 6.46 at the close.

The top performers on the NASDAQ Composite were US Energy Corp (NASDAQ:USEG) which rose 56.29% to 7.83, Kingold Jewelry Inc (NASDAQ:KGJI) which was up 46.32% to settle at 0.828 and Sunworks Inc (NASDAQ:SUNW) which gained 38.54% to close at 1.330.

The worst performers were Midatech Pharma PLC ADR (NASDAQ:MTP) which was down 31.63% to 2.9400 in late trade, Novan Inc (NASDAQ:NOVN) which lost 31.11% to settle at 0.8474 and Tellurian Inc (NASDAQ:TELL) which was down 29.75% to 1.11 at the close.

Advancing stocks outnumbered falling ones by 1670 to 1185 and 79 ended unchanged; on the Nasdaq Stock Exchange, 1554 fell and 1149 advanced, while 72 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 2.09% to 24.32 a new 3-month low.

In commodities trading, Gold Futures for August delivery was up 1.46% or 27.00 to $1870.90 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.10% or 0.04 to hit $41.88 a barrel, while the September Brent oil contract fell 0.02% or 0.01 to trade at $44.29 a barrel.

EUR/USD was up 0.01% to 1.1569, while USD/JPY rose 0.03% to 107.17.

The US Dollar Index Futures was down 0.14% at 94.925.

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