The Classy Investors

  /  Stock   /  U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.39%

U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.39%

imageStock Markets4 hours ago (Aug 05, 2020 05:25PM ET)

(C) Reuters. U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.39% – U.S. stocks were higher after the close on Wednesday, as gains in the Basic Materials, Industrials and Financials sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average gained 1.39% to hit a new 1-month high, while the S&P 500 index gained 0.64%, and the NASDAQ Composite index climbed 0.52%.

The best performers of the session on the Dow Jones Industrial Average were Walt Disney Company (NYSE:DIS), which rose 8.80% or 10.32 points to trade at 127.61 at the close. Meanwhile, Boeing Co (NYSE:BA) added 5.58% or 9.21 points to end at 174.28 and Raytheon Technologies Corp (NYSE:RTX) was up 4.38% or 2.52 points to 60.03 in late trade.

The worst performers of the session were Walmart Inc (NYSE:WMT), which fell 1.39% or 1.83 points to trade at 129.81 at the close. Cisco Systems Inc (NASDAQ:CSCO) declined 0.71% or 0.34 points to end at 47.33 and Verizon Communications Inc (NYSE:VZ) was down 0.64% or 0.37 points to 57.54.

The top performers on the S&P 500 were Assurant Inc (NYSE:AIZ) which rose 14.15% to 122.31, Arconic Inc (NYSE:ARNC) which was up 12.49% to settle at 19.64 and Capri Holdings Ltd (NYSE:CPRI) which gained 11.40% to close at 15.64.

The worst performers were Arista Networks (NYSE:ANET) which was down 10.93% to 235.13 in late trade, Microchip Technology Inc (NASDAQ:MCHP) which lost 8.22% to settle at 98.50 and Fox Corp Class A (NASDAQ:FOXA) which was down 7.29% to 24.73 at the close.

The top performers on the NASDAQ Composite were Biofrontera AG ADR (NASDAQ:BFRA) which rose 378.57% to 26.80, Myos Rens Technology Inc (NASDAQ:MYOS) which was up 48.39% to settle at 1.840 and Willis Lease Finance Corporation (NASDAQ:WLFC) which gained 37.41% to close at 28.10.

The worst performers were Puhui Wealth Investment Management Co Ltd (NASDAQ:PHCF) which was down 25.74% to 2.770 in late trade, EverQuote Inc Class A (NASDAQ:EVER) which lost 22.97% to settle at 41.69 and SINTX Technologies Inc (NASDAQ:SINT) which was down 22.39% to 2.530 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 2127 to 905 and 90 ended unchanged; on the Nasdaq Stock Exchange, 1866 rose and 904 declined, while 81 ended unchanged.

Shares in Biofrontera AG ADR (NASDAQ:BFRA) rose to all time highs; rising 378.57% or 21.20 to 26.80.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 3.24% to 22.99 a new 3-months low.

Gold Futures for October delivery was up 1.59% or 31.90 to $2040.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 1.20% or 0.50 to hit $42.20 a barrel, while the October Brent oil contract rose 0.20% or 0.09 to trade at $45.28 a barrel.

EUR/USD was up 0.03% to 1.1865, while USD/JPY rose 0.02% to 105.59.

The US Dollar Index Futures was down 0.60% at 92.820.

U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.39%

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.