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
Fed October Rate Decision Preview: Rate Hike Pause Has Become Consensus, How Will US Stocks, Dollar, and Gold React?The Federal Reserve will announce its October interest rate decision at 14:00 Eastern Time on October 28, and Fed Chair Warsh will hold a press conference at 14:30. Markets currently wide
Author  TradingKey
9 hours ago
The Federal Reserve will announce its October interest rate decision at 14:00 Eastern Time on October 28, and Fed Chair Warsh will hold a press conference at 14:30. Markets currently wide
placeholder
Anthropic files for a $2 trillion IPO — the $80.7 billion loss is the decoy, the $450 billion compute bill is the riskAnthropic publicly filed its S-1 on October 26, revealing $16.29 billion of first-half revenue (+1,304% year over year) and a $80.7 billion net loss — of which $72.4 billion is a non-cash convertible-note charge. The real number is the $450 billion of signed, mostly non-cancelable compute commitments. Here is what the filing says, why NVDA, ARM and MU are the tradeable read-through, and the conditions that decide whether the AI trade passes its first public valuation test.
Author  Irene Q.
13 hours ago
Anthropic publicly filed its S-1 on October 26, revealing $16.29 billion of first-half revenue (+1,304% year over year) and a $80.7 billion net loss — of which $72.4 billion is a non-cash convertible-note charge. The real number is the $450 billion of signed, mostly non-cancelable compute commitments. Here is what the filing says, why NVDA, ARM and MU are the tradeable read-through, and the conditions that decide whether the AI trade passes its first public valuation test.
placeholder
Tesla jumps 5% as Barclays puts a $450 target on the SpaceX merger — the chart was already pointing to 431Tesla closed at $391.62 on October 26, up 5.21%, after Barclays upgraded the stock to Overweight and lifted its target to $450 from $370, citing a sharp inflection in Robotaxi miles and a potential SpaceX merger. The move also completed a double bottom at $345.88 and $349.33, with a neckline at $388.56 and a measured target of $431.24. Here is what the upgrade actually says, why the chart and the analyst now point the same way, and what would break the target.
Author  Irene Q.
13 hours ago
Tesla closed at $391.62 on October 26, up 5.21%, after Barclays upgraded the stock to Overweight and lifted its target to $450 from $370, citing a sharp inflection in Robotaxi miles and a potential SpaceX merger. The move also completed a double bottom at $345.88 and $349.33, with a neckline at $388.56 and a measured target of $431.24. Here is what the upgrade actually says, why the chart and the analyst now point the same way, and what would break the target.
placeholder
Euro weakens below 1.1200 as traders brace for Fed, ECB rate decisionsThe EUR/USD pair extends the decline near 1.1170 during the early Asian trading hours on Tuesday, pressured by risk-off sentiment. Markets might turn cautious later in the day ahead of the US Federal Reserve (Fed) and European Central Bank (ECB) interest rate decisions later this week.
Author  FXStreet
17 hours ago
The EUR/USD pair extends the decline near 1.1170 during the early Asian trading hours on Tuesday, pressured by risk-off sentiment. Markets might turn cautious later in the day ahead of the US Federal Reserve (Fed) and European Central Bank (ECB) interest rate decisions later this week.
placeholder
Bitcoin Price Forecast: Drops Below $80,000 in Fifth Straight Loss, May Test $75,000 as FOMC Meeting Approaches Bitcoin falls below the $80,000 mark as the October FOMC decision approaches, threatening a further dip toward $75,000.On October 26, Bitcoin (BTC) again lost the key psychological mark o
Author  TradingKey
Yesterday 10: 10
Bitcoin falls below the $80,000 mark as the October FOMC decision approaches, threatening a further dip toward $75,000.On October 26, Bitcoin (BTC) again lost the key psychological mark o
goTop
quote