October 5, 2024

U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.81%

Investing.com – U.S. stocks were higher after the close on Friday, as gains in the Consumer Services, Financials and Technology sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average gained 0.81% to hit a new all time high, while the S&P 500 index added 0.90%, and the NASDAQ Composite index climbed 1.21%.

The best performers of the session on the Dow Jones Industrial Average were Boeing Co (NYSE:BA), which rose 2.98% or 4.48 points to trade at 155.00 at the close. Meanwhile, JPMorgan Chase & Co (NYSE:JPM) added 2.92% or 5.99 points to end at 211.22 and American Express Company (NYSE:AXP) was up 2.75% or 7.38 points to 275.97 in late trade.

The worst performers of the session were Home Depot Inc (NYSE:HD), which fell 0.78% or 3.22 points to trade at 408.36 at the close. Verizon Communications Inc (NYSE:VZ) declined 0.76% or 0.34 points to end at 44.18 and Procter & Gamble Company (NYSE:PG) was down 0.73% or 1.24 points to 168.88.

The top performers on the S&P 500 were Albemarle Corp (NYSE:ALB) which rose 8.25% to 102.09, United Airlines Holdings Inc (NASDAQ:UAL) which was up 6.51% to settle at 59.24 and Deckers Outdoor Corporation (NYSE:DECK) which gained 6.39% to close at 166.81.

The worst performers were Transdigm Group Incorporated (NYSE:TDG) which was down 4.48% to 1,355.46 in late trade, Extra Space Storage Inc (NYSE:EXR) which lost 3.87% to settle at 169.48 and Equifax Inc (NYSE:EFX) which was down 3.37% to 283.60 at the close.

The top performers on the NASDAQ Composite were Biodexa Pharmaceuticals PLC DRC (NASDAQ:BDRX) which rose 2,212.50% to 5.55, Streamline Health Solutions Inc (NASDAQ:STRM) which was up 1,185.64% to settle at 2.57 and LakeShore Biopharma Co Ltd (NASDAQ:LSB) which gained 699.12% to close at 5.45.

The worst performers were Color Star Technology Co Ltd (NASDAQ:ADD) which was down 39.98% to 0.27 in late trade, Fangdd Network Group Ltd (NASDAQ:DUO) which lost 32.89% to settle at 2.53 and iCoreConnect Inc (NASDAQ:ICCT) which was down 31.55% to 0.41 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 1849 to 975 and 67 ended unchanged; on the Nasdaq Stock Exchange, 2295 rose and 987 declined, while 116 ended unchanged.

Shares in United Airlines Holdings Inc (NASDAQ:UAL) rose to 3-years highs; rising 6.51% or 3.62 to 59.24. Shares in American Express Company (NYSE:AXP) rose to all time highs; gaining 2.75% or 7.38 to 275.97. Shares in Biodexa Pharmaceuticals PLC DRC (NASDAQ:BDRX) rose to 5-year lows; gaining 2,212.50% or 5.31 to 5.55.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 6.25% to 19.21.

Gold Futures for December delivery was down 0.30% or 8.05 to $2,671.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.30% or 0.96 to hit $74.67 a barrel, while the December Brent oil contract rose 0.84% or 0.65 to trade at $78.27 a barrel.

EUR/USD was down 0.51% to 1.10, while USD/JPY rose 1.23% to 148.72.

The US Dollar Index Futures was up 0.48% at 102.24.

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