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U.S. stocks higher at close of trade; Dow Jones Industrial Average up 2.17%

Published 10/16/2018, 04:25 PM
Updated 10/16/2018, 04:26 PM
© Reuters. U.S. stocks higher at close of trade; Dow Jones Industrial Average up 2.17%

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

At the close in NYSE, the Dow Jones Industrial Average rose 2.17%, while the S&P 500 index gained 2.15%, and the NASDAQ Composite index gained 2.89%.

The best performers of the session on the Dow Jones Industrial Average were UnitedHealth Group Incorporated (NYSE:UNH), which rose 4.73% or 12.32 points to trade at 272.57 at the close. Meanwhile, Nike Inc (NYSE:NKE) added 3.32% or 2.49 points to end at 77.48 and Visa Inc (NYSE:V) was up 3.29% or 4.51 points to 141.74 in late trade.

The worst performers of the session were Verizon Communications Inc (NYSE:VZ), which rose 0.19% or 0.10 points to trade at 53.70 at the close. McDonald’s Corporation (NYSE:MCD) added 0.24% or 0.40 points to end at 164.07 and Exxon Mobil Corp (NYSE:XOM) was up 0.47% or 0.38 points to 81.20.

The top performers on the S&P 500 were Adobe Systems Incorporated (NASDAQ:ADBE) which rose 9.52% to 260.67, Advanced Micro Devices Inc (NASDAQ:AMD) which was up 7.31% to settle at 28.180 and Omnicom Group Inc (NYSE:OMC) which gained 6.99% to close at 74.36.

The worst performers were WW Grainger Inc (NYSE:GWW) which was down 11.95% to 280.01 in late trade, BlackRock Inc (NYSE:BLK) which lost 4.44% to settle at 408.00 and AutoZone Inc (NYSE:AZO) which was down 1.71% to 773.51 at the close.

The top performers on the NASDAQ Composite were Blink Charging Co (NASDAQ:BLNK) which rose 62.56% to 3.5600, Sears Holdings Corporation (NASDAQ:SHLD) which was up 29.03% to settle at 0.40 and Trevena Inc (NASDAQ:TRVN) which gained 26.18% to close at 1.07.

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The worst performers were Hudson Technologies Inc (NASDAQ:HDSN) which was down 31.55% to 0.842 in late trade, Flex Pharma Inc (NASDAQ:FLKS) which lost 27.37% to settle at 0.69 and Liquid Media Group Ltd (NASDAQ:YVR) which was down 24.47% to 3.210 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 2621 to 475 and 72 ended unchanged; on the Nasdaq Stock Exchange, 2105 rose and 539 declined, while 69 ended unchanged.

Shares in BlackRock Inc (NYSE:BLK) fell to 52-week lows; falling 4.44% or 18.94 to 408.00. Shares in UnitedHealth Group Incorporated (NYSE:UNH) rose to all time highs; up 4.73% or 12.32 to 272.57. Shares in Hudson Technologies Inc (NASDAQ:HDSN) fell to 5-year lows; falling 31.55% or 0.388 to 0.842.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 17.28% to 17.62.

Gold Futures for December delivery was down 0.24% or 3.00 to $1227.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.11% or 0.08 to hit $71.86 a barrel, while the December Brent oil contract rose 0.69% or 0.56 to trade at $81.34 a barrel.

EUR/USD was down 0.05% to 1.1574, while USD/JPY rose 0.48% to 112.32.

The US Dollar Index Futures was up 0.02% at 94.79.

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