Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

U.S. shares higher at close of trade; Dow Jones Industrial Average up 0.30%

Published 07/07/2021, 21:25
© Reuters.  U.S. shares higher at close of trade; Dow Jones Industrial Average up 0.30%

© Reuters. U.S. shares higher at close of trade; Dow Jones Industrial Average up 0.30%

US500
1.09%
DJI
1.18%
BA
0.18%
CVX
1.20%
ORCL
0.52%
MMM
1.69%
AAPL
1.88%
XLNX
0.00%
HD
1.97%
NUE
0.69%
CRM
2.21%
M
2.46%
IXIC
1.03%
BLIN
11.19%
BSQR
0.00%
NEGG
4.49%
MKTX
0.72%
MTEX
3.67%
DJUSBM
1.17%
DJUSIN
0.97%
DJUSUT
1.46%
AMG
1.67%
IPDN
-10.29%
VIX
2.12%
DTST
-1.41%

Investing.com – U.S. equities were higher at the close on Wednesday, as gains in the Industrials, Basic Materials and Utilities sectors propelled shares higher.

At the close in NYSE, the Dow Jones Industrial Average added 0.30%, while the S&P 500 index gained 0.34%, and the NASDAQ Composite index added 0.01%.

The biggest gainers of the session on the Dow Jones Industrial Average were Apple Inc (NASDAQ:AAPL), which rose 1.82% or 2.59 points to trade at 144.61 at the close. 3M Company (NYSE:MMM) added 1.52% or 2.99 points to end at 199.88 and Home Depot Inc (NYSE:HD) was up 1.28% or 4.08 points to 323.34 in late trade.

Biggest losers included Boeing Co (NYSE:BA), which lost 1.86% or 4.39 points to trade at 231.75 in late trade. Chevron Corp (NYSE:CVX) declined 1.01% or 1.05 points to end at 102.94 and Salesforce.com Inc (NYSE:CRM) shed 0.75% or 1.88 points to 248.37.

The top performers on the S&P 500 were Affiliated Managers Group Inc (NYSE:AMG) which rose 5.26% to 175.58, Oracle Corporation (NYSE:ORCL) which was up 3.61% to settle at 86.08 and Nucor Corp (NYSE:NUE) which gained 3.38% to close at 95.68.

The worst performers were Macy’s Inc (NYSE:M) which was down 5.97% to 17.17 in late trade, Xilinx Inc (NASDAQ:XLNX) which lost 4.67% to settle at 137.43 and MarketAxess Holdings Inc (NASDAQ:MKTX) which was down 4.58% to 450.20 at the close.

The top performers on the NASDAQ Composite were Newegg Commerce Inc (NASDAQ:NEGG) which rose 149.12% to 67.76, Mannatech Incorporated (NASDAQ:MTEX) which was up 49.08% to settle at 43.53 and Data Storage Corp (NASDAQ:DTST) which gained 31.82% to close at 9.610.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.

The worst performers were Bridgeline Digital Inc (NASDAQ:BLIN) which was down 30.91% to 8.450 in late trade, BSQUARE Corporation (NASDAQ:BSQR) which lost 28.87% to settle at 5.015 and Professional Diversity Network Inc (NASDAQ:IPDN) which was down 21.46% to 1.6650 at the close.

Declining stocks outnumbered rising ones by 1702 to 1461 and 129 ended unchanged; on the Nasdaq Stock Exchange, 2444 fell and 1032 advanced, while 146 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 1.46% to 16.20.

In commodities trading, Gold Futures for August delivery was up 0.54% or 9.65 to $1803.85 a troy ounce. Meanwhile, Crude oil for delivery in August fell 1.91% or 1.40 to hit $71.97 a barrel, while the September Brent oil contract fell 1.73% or 1.29 to trade at $73.24 a barrel.

EUR/USD was down 0.25% to 1.1792, while USD/JPY rose 0.03% to 110.64.

The US Dollar Index Futures was up 0.18% at 92.707.

BA: is this perennial leader facing new challenges?

With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Sure, there are always opportunities in the stock market – but finding them feels more difficult now than a year ago. Unsure where to invest next? One of the best ways to discover new high-potential opportunities is to look at the top performing portfolios this year. ProPicks AI offers 6 model portfolios from Investing.com which identify the best stocks for investors to buy right now. For example, ProPicks AI found 9 overlooked stocks that jumped over 25% this year alone. The new stocks that made the monthly cut could yield enormous returns in the coming years. Is BA one of them?

Unlock ProPicks AI to find out

Latest comments

Michał Kowalewski09 Jul 2021, 06:11
CRM is a really cool tool. In my case, it has facilitated the management of the company as well as relations with customers and suppliers. I use software from FIRMAO, it has everything that software of this type should have!
Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.