Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

U.S. shares higher at close of trade; Dow Jones Industrial Average up 1.76%

Published 27/05/2022, 21:25
Updated 27/05/2022, 21:25
© Reuters.  U.S. shares higher at close of trade; Dow Jones Industrial Average up 1.76%

Investing.com – U.S. equities were higher at the close on Friday, as gains in the Technology, Consumer Services and Industrials sectors propelled shares higher.

At the close in NYSE, the Dow Jones Industrial Average rose 1.76%, while the S&P 500 index climbed 2.47%, and the NASDAQ Composite index added 3.33%.

The biggest gainers of the session on the Dow Jones Industrial Average were Apple Inc (NASDAQ:AAPL), which rose 4.08% or 5.86 points to trade at 149.64 at the close. Boeing Co (NYSE:BA) added 3.52% or 4.50 points to end at 132.23 and Walt Disney Company (NYSE:DIS) was up 3.51% or 3.71 points to 109.32 in late trade.

Biggest losers included Coca-Cola Co (NYSE:KO), which added 0.59% or 0.38 points to trade at 64.68 in late trade. Verizon Communications Inc (NYSE:VZ) added 0.80% or 0.41 points to end at 51.40 and Merck & Company Inc (NYSE:MRK) gained 0.83% or 0.77 points to 93.08.

The top performers on the S&P 500 were Ulta Beauty Inc (NASDAQ:ULTA) which rose 12.47% to 425.08, Autodesk Inc (NASDAQ:ADSK) which was up 10.31% to settle at 211.38 and Moderna Inc (NASDAQ:MRNA) which gained 8.73% to close at 147.66.

The worst performers were Bristol-Myers Squibb Company (NYSE:BMY) which was down 1.87% to 76.14 in late trade, CF Industries Holdings Inc (NYSE:CF) which lost 1.02% to settle at 95.72 and Philip Morris International Inc (NYSE:PM) which was down 1.02% to 106.97 at the close.

The top performers on the NASDAQ Composite were Avadel Pharmaceuticals PLC (NASDAQ:AVDL) which rose 133.64% to 2.50, Oncternal Therapeutics Inc (NASDAQ:ONCT) which was up 88.08% to settle at 1.54 and SIGA Technologies Inc (NASDAQ:SIGA) which gained 41.91% to close at 13.68.

The worst performers were Performance Shipping Inc (NASDAQ:PSHG) which was down 63.56% to 0.66 in late trade, Iovance Biotherapeutics Inc (NASDAQ:IOVA) which lost 53.57% to settle at 7.02 and SpringWorks Therapeutics Inc (NASDAQ:SWTX) which was down 40.45% to 18.36 at the close.

Advancing stocks outnumbered falling ones by 2777 to 440 and 73 ended unchanged; on the Nasdaq Stock Exchange, 3079 rose and 680 declined, while 189 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 6.47% to 25.72.

In commodities trading, Gold Futures for June delivery was up 0.18% or 3.30 to $1,850.90 a troy ounce. Meanwhile, Crude oil for delivery in July rose 0.90% or 1.03 to hit $115.12 a barrel, while the August Brent oil contract rose 1.20% or 1.37 to trade at $115.54 a barrel.

EUR/USD was unchanged 0.05% to 1.07, while USD/JPY fell 0.02% to 127.11.

The US Dollar Index Futures was down 0.16% at 101.69.

Latest comments

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.