U.S. shares mixed at close of trade; Dow Jones Industrial Average up 0.34%

May 17, 2024 09:31 PM BST | By Investing
 U.S. shares mixed at close of trade; Dow Jones Industrial Average up 0.34%
U.S. shares mixed at close of trade; Dow Jones Industrial Average up 0.34%

Investing.com – U.S. equities were mixed at the close on Friday, as gains in the Oil&Gas, Basic Materials and Financials sectors propelled shares higher while losses in the Technology, Consumer Goods and Utilities sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average added 0.34% to hit a new all time high, while the S&P 500 index added 0.12%, and the NASDAQ Composite index declined 0.07%.

The biggest gainers of the session on the Dow Jones Industrial Average were Caterpillar Inc (NYSE:CAT), which rose 1.61% or 5.65 points to trade at 356.37 at the close. JPMorgan Chase&Co (NYSE:JPM) added 1.18% or 2.38 points to end at 204.85 and Boeing Co (NYSE:BA) was up 1.11% or 2.03 points to 184.99 in late trade.

Biggest losers included Amgen Inc (NASDAQ:AMGN), which lost 0.71% or 2.25 points to trade at 312.47 in late trade. Intel Corporation (NASDAQ:INTC) declined 0.62% or 0.20 points to end at 31.83 and Verizon Communications Inc (NYSE:VZ) shed 0.50% or 0.20 points to 40.05.

The top performers on the S&P 500 were Valero Energy Corporation (NYSE:VLO) which rose 4.82% to 166.14, Freeport-McMoran Copper&Gold Inc (NYSE:FCX) which was up 4.25% to settle at 54.25 and Chubb Ltd (NYSE:CB) which gained 3.60% to close at 274.43.

The worst performers were Paramount Global Class B (NASDAQ:PARA) which was down 4.91% to 12.02 in late trade, Dollar Tree Inc (NASDAQ:DLTR) which lost 3.29% to settle at 117.31 and Lam Research Corp (NASDAQ:LRCX) which was down 3.27% to 912.07 at the close.

The top performers on the NASDAQ Composite were Fangdd Network Group Ltd (NASDAQ:DUO) which rose 309.76% to 1.68, FLJ Group Ltd (NASDAQ:FLJ) which was up 223.59% to settle at 1.55 and Jeffs Brands Ltd Unit (NASDAQ:JFBR) which gained 109.03% to close at 0.65.

The worst performers were Blue Star Foods Corp (NASDAQ:BSFC) which was down 45.19% to 0.08 in late trade, SINTX Technologies Inc (NASDAQ:SINT) which lost 39.29% to settle at 0.09 and Heart Test Laboratories Inc Unit (NASDAQ:HSCS) which was down 38.37% to 6.97 at the close.

Advancing stocks outnumbered falling ones by 1570 to 1256 and 85 ended unchanged; on the Nasdaq Stock Exchange, 1790 fell and 1570 advanced, while 125 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 3.46% to 11.99 a new 3-year low.

In commodities trading, Gold Futures for June delivery was up 1.47% or 34.95 to $2,420.45 a troy ounce. Meanwhile, Crude oil for delivery in June rose 0.97% or 0.77 to hit $80.00 a barrel, while the July Brent oil contract rose 0.80% or 0.67 to trade at $83.94 a barrel.

EUR/USD was unchanged 0.05% to 1.09, while USD/JPY rose 0.20% to 155.68.

The US Dollar Index Futures was up 0.02% at 104.37.

This article first appeared in Investing.com


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (“Kalkine Media, we or us”) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalized advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.


Sponsored Articles


Investing Ideas

Previous Next