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U.S. shares higher at close of trade; Dow Jones Industrial Average up 1.99%

Published 2020-04-22, 05:25 p/m
© Reuters.  U.S. shares higher at close of trade; Dow Jones Industrial Average up 1.99%
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Investing.com – U.S. equities were higher at the close on Wednesday, as gains in the Technology, Oil & Gas and Utilities sectors propelled shares higher.

At the close in NYSE, the Dow Jones Industrial Average gained 1.99%, while the S&P 500 index gained 2.29%, and the NASDAQ Composite index added 2.81%.

The biggest gainers of the session on the Dow Jones Industrial Average were Intel Corporation (NASDAQ:INTC), which rose 6.64% or 3.74 points to trade at 60.10 at the close. McDonald’s Corporation (NYSE:MCD) added 5.01% or 8.90 points to end at 186.48 and Nike Inc (NYSE:NKE) was up 4.19% or 3.57 points to 88.77 in late trade.

Biggest losers included Boeing Co (NYSE:BA), which lost 1.00% or 1.36 points to trade at 134.97 in late trade. Procter & Gamble Company (NYSE:PG) declined 0.23% or 0.28 points to end at 119.40 and The Travelers Companies Inc (NYSE:TRV) gained 0.01% or 0.01 points to 101.79.

The top performers on the S&P 500 were Chipotle Mexican Grill Inc (NYSE:CMG) which rose 12.15% to 882.26, Lam Research Corp (NASDAQ:LRCX) which was up 11.55% to settle at 271.78 and Twitter Inc (NYSE:TWTR) which gained 10.45% to close at 28.44.

The worst performers were L Brands Inc (NYSE:LB) which was down 15.51% to 10.19 in late trade, Biogen Inc (NASDAQ:BIIB) which lost 9.42% to settle at 298.01 and Macy’s Inc (NYSE:M) which was down 7.66% to 4.82 at the close.

The top performers on the NASDAQ Composite were SAExploration Holdings Inc (NASDAQ:SAEX) which rose 94.82% to 2.220, Peck Company Holdings Inc (NASDAQ:PECK) which was up 63.71% to settle at 5.73 and Polar Power Inc (NASDAQ:POLA) which gained 45.72% to close at 1.740.

The worst performers were Nano Dimension Ltd (NASDAQ:NNDM) which was down 32.03% to 0.700 in late trade, Torm PLC Class A (NASDAQ:TRMD) which lost 30.64% to settle at 8.67 and VBI Vaccines Inc (NASDAQ:VBIV) which was down 29.49% to 1.100 at the close.

Advancing stocks outnumbered falling ones by 2058 to 831 and 47 ended unchanged; on the Nasdaq Stock Exchange, 1747 rose and 919 declined, while 58 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 7.55% to 41.98.

In commodities trading, Gold Futures for June delivery was up 2.88% or 48.65 to $1736.45 a troy ounce. Meanwhile, Crude oil for delivery in June rose 23.34% or 2.70 to hit $14.27 a barrel, while the June Brent oil contract rose 0.14% or 0.03 to trade at $20.80 a barrel.

EUR/USD was up 0.01% to 1.0823, while USD/JPY rose 0.01% to 107.73.

The US Dollar Index Futures was up 0.10% at 100.477.

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