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U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.22%

Published 05/24/2016, 04:25 PM
Updated 05/24/2016, 04:25 PM
© Reuters.  U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.22%

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

At the close in NYSE, the Dow Jones Industrial Average gained 1.22%, while the S&P 500 index added 1.37%, and the NASDAQ Composite index climbed 2.00%.

The best performers of the session on the Dow Jones Industrial Average were Microsoft Corporation (NASDAQ:MSFT), which rose 3.12% or 1.56 points to trade at 51.59 at the close. Meanwhile, Visa Inc (NYSE:V) added 2.81% or 2.17 points to end at 79.38 and Intel Corporation (NASDAQ:INTC) was up 2.75% or 0.83 points to 31.06 in late trade.

The worst performers of the session were Boeing Company (NYSE:BA), which fell 0.06% or 0.08 points to trade at 127.50 at the close. Exxon Mobil Corporation (NYSE:XOM) added 0.08% or 0.07 points to end at 89.67 and Walt Disney Company (NYSE:DIS) was up 0.33% or 0.33 points to 99.51.

The top performers on the S&P 500 were Chesapeake Energy Corporation (NYSE:CHK) which rose 10.35% to 4.05, Xilinx Inc (NASDAQ:XLNX) which was up 5.70% to settle at 47.45 and PulteGroup Inc (NYSE:PHM) which gained 5.11% to close at 18.73.

The worst performers were CF Industries Holdings Inc (NYSE:CF) which was down 7.50% to 27.61 in late trade, Best Buy Co Inc (NYSE:BBY) which lost 7.37% to settle at 30.55 and Newmont Mining Corporation (NYSE:NEM) which was down 6.18% to 31.74 at the close.

The top performers on the NASDAQ Composite were Spherix Incorporated (NASDAQ:SPEX) which rose 60.73% to 3.0700, OXiGENE Inc (NASDAQ:OXGN) which was up 50.18% to settle at 0.8380 and Skyline Medical Inc (NASDAQ:SKLN) which gained 28.38% to close at 0.1502.

The worst performers were Cellectar Biosciences Inc (NASDAQ:CLRB) which was down 22.60% to 3.1500 in late trade, xG Technology Inc (NASDAQ:XGTI) which lost 20.93% to settle at 0.1779 and China Techfaith Wireless Communication Technology Ltd (NASDAQ:CNTF) which was down 16.25% to 2.0100 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 2486 to 838 and 27 ended unchanged; on the Nasdaq Stock Exchange, 2023 rose and 537 declined, while 69 ended unchanged.

Shares in CF Industries Holdings Inc (NYSE:CF) fell to 3-years lows; falling 7.50% or 2.24 to 27.61. Shares in China Techfaith Wireless Communication Technology Ltd (NASDAQ:CNTF) fell to 5-year lows; falling 16.25% or 0.3900 to 2.0100.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 8.28% to 14.51.

Gold for June delivery was down 1.96% or 24.50 to $1227.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 1.52% or 0.73 to hit $48.81 a barrel, while the July Brent oil contract rose 0.91% or 0.44 to trade at $48.79 a barrel.

EUR/USD was down 0.70% to 1.1142, while USD/JPY rose 0.67% to 109.97.

The US Dollar Index was up 0.39% at 95.60.

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