U.S. shares higher at close of trade; Dow Jones Industrial Average up 0.63%

Source Investing

Investing.com – U.S. equities were higher at the close on Friday, as gains in the Consumer Goods, Utilities and Financials sectors propelled shares higher.

At the close in NYSE, the Dow Jones Industrial Average rose 0.63% to hit a new all time high, while the S&P 500 index gained 0.38%, and the NASDAQ Composite index climbed 0.01%.

The biggest gainers of the session on the Dow Jones Industrial Average were Salesforce Inc (NYSE:CRM), which rose 3.27% or 10.15 points to trade at 320.93 at the close. Procter&Gamble Company (NYSE:PG) added 2.40% or 3.92 points to end at 167.33 and Merck&Company Inc (NYSE:MRK) was up 1.80% or 1.82 points to 102.99 in late trade.

Biggest losers included Dow Inc (NYSE:DOW), which lost 4.58% or 2.24 points to trade at 46.66 in late trade. Caterpillar Inc (NYSE:CAT) declined 3.39% or 13.85 points to end at 394.36 and Amazon.com Inc (NASDAQ:AMZN) shed 0.91% or 1.92 points to 208.13.

The top performers on the S&P 500 were Axon Enterprise Inc (NASDAQ:AXON) which rose 26.56% to 593.23, Insulet Corporation (NASDAQ:PODD) which was up 10.91% to settle at 271.71 and Fortinet Inc (NASDAQ:FTNT) which gained 9.36% to close at 91.51.

The worst performers were Akamai Technologies Inc (NASDAQ:AKAM) which was down 13.45% to 90.36 in late trade, Airbnb Inc (NASDAQ:ABNB) which lost 8.92% to settle at 134.23 and Arista Networks (NYSE:ANET) which was down 7.55% to 398.48 at the close.

The top performers on the NASDAQ Composite were Innodata Inc (NASDAQ:INOD) which rose 76.87% to 43.05, Sezzle Inc (NASDAQ:SEZL) which was up 67.68% to settle at 420.00 and Sonder Holdings Inc (NASDAQ:SOND) which gained 70.85% to close at 4.63.

The worst performers were ProPhase Labs Inc (NASDAQ:PRPH) which was down 48.24% to 0.74 in late trade, Earlyworks Co Ltd ADR (NASDAQ:ELWS) which lost 44.00% to settle at 3.78 and Maravai Lifesciences Holdings Inc (NASDAQ:MRVI) which was down 37.24% to 4.92 at the close.

Advancing stocks outnumbered falling ones by 1612 to 1195 and 35 ended unchanged; on the Nasdaq Stock Exchange, 1658 rose and 1615 declined, while 74 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was unchanged 0.00% to 15.20 a new 1-month low.

In commodities trading, Gold Futures for December delivery was down 0.40% or 10.90 to $2,694.90 a troy ounce. Meanwhile, Crude oil for delivery in December fell 2.54% or 1.84 to hit $70.52 a barrel, while the January Brent oil contract fell 2.12% or 1.60 to trade at $74.03 a barrel.

EUR/USD was down 0.83% to 1.07, while USD/JPY fell 0.19% to 152.64.

The US Dollar Index Futures was up 0.50% at 104.89.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Forex Today: Risk flows dominate markets on US-Iran deal hopesHere is what you need to know on Monday, May 25:
Author  FXStreet
8 hours ago
Here is what you need to know on Monday, May 25:
placeholder
Silver Price Forecast: XAG/USD holds gains near $78.50 on US-Iran deal optimismSilver price (XAG/USD) rises nearly 4% after registering losses in the previous day, trading around $78.50 per troy ounce during the Asian hours on Monday.
Author  FXStreet
16 hours ago
Silver price (XAG/USD) rises nearly 4% after registering losses in the previous day, trading around $78.50 per troy ounce during the Asian hours on Monday.
placeholder
Gold Price Forecast: XAU/USD keeps looking for direction above $4,500Gold (XAU/USD) trades lower for the second consecutive day on Friday, but remains contained within previous ranges, with downside attempts limited above the $4,500 line for now.
Author  FXStreet
May 22, Fri
Gold (XAU/USD) trades lower for the second consecutive day on Friday, but remains contained within previous ranges, with downside attempts limited above the $4,500 line for now.
placeholder
US President Donald Trump will swear in Kevin Warsh on Friday to lead FedThe US President Donald Trump administration said that Trump will swear in Kevin Warsh as ‌the chair of the US Federal Reserve (Fed) on Friday at the White House, Reuters reported on Thursday.
Author  FXStreet
May 22, Fri
The US President Donald Trump administration said that Trump will swear in Kevin Warsh as ‌the chair of the US Federal Reserve (Fed) on Friday at the White House, Reuters reported on Thursday.
placeholder
Nvidia Q1 Revenue Surges 85%, Data Center Business Accounts for 90%, Blowout Results Fail to Stop Stock VolatilityAs the absolute leader in the global AI industry chain, NVIDIA ( NVDA) delivered a quarterly earnings report that surpassed Wall Street's general expectations as anticipated.After the mar
Author  TradingKey
May 21, Thu
As the absolute leader in the global AI industry chain, NVIDIA ( NVDA) delivered a quarterly earnings report that surpassed Wall Street's general expectations as anticipated.After the mar
goTop
quote