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U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.35%

imageStock Markets10 hours ago (Aug 24, 2020 05:25PM ET)

U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.35%

Investing.com – U.S. stocks were higher after the close on Monday, as gains in the Oil & Gas, Basic Materials and Financials sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average rose 1.35% to hit a new 6-months high, while the S&P 500 index added 1.00%, and the NASDAQ Composite index climbed 0.60%.

The best performers of the session on the Dow Jones Industrial Average were Boeing Co (NYSE:BA), which rose 6.43% or 10.77 points to trade at 178.27 at the close. Meanwhile, Dow Inc (NYSE:DOW) added 5.80% or 2.53 points to end at 46.12 and American Express Company (NYSE:AXP) was up 3.31% or 3.18 points to 99.33 in late trade.

The worst performers of the session were UnitedHealth Group Incorporated (NYSE:UNH), which fell 1.69% or 5.30 points to trade at 308.84 at the close. Intel Corporation (NASDAQ:INTC) declined 0.28% or 0.14 points to end at 49.14 and Walmart Inc (NYSE:WMT) was down 0.23% or 0.30 points to 131.33.

The top performers on the S&P 500 were American Airlines Group (NASDAQ:AAL) which rose 10.53% to 13.44, Carnival Corporation (NYSE:CCL) which was up 10.17% to settle at 16.14 and United Airlines Holdings Inc (NASDAQ:UAL) which gained 9.93% to close at 36.32.

The worst performers were Centene Corp (NYSE:CNC) which was down 3.51% to 60.28 in late trade, Humana Inc (NYSE:HUM) which lost 3.03% to settle at 406.08 and Amcor (NYSE:AMCR) which was down 2.16% to 10.87 at the close.

The top performers on the NASDAQ Composite were Cancer Genetics Inc (NASDAQ:CGIX) which rose 115.52% to 6.25, Chanticleer Holdings Inc (NASDAQ:SONN) which was up 48.29% to settle at 3.9000 and Borqs Technologies Inc (NASDAQ:BRQS) which gained 39.46% to close at 1.230.

The worst performers were Onconova Therapeutics Inc (NASDAQ:ONTX) which was down 66.05% to 0.3429 in late trade, Odonate Therapeutics (NASDAQ:ODT) which lost 45.35% to settle at 18.33 and Hexindai Inc (NASDAQ:HX) which was down 25.97% to 1.9100 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 2138 to 934 and 72 ended unchanged; on the Nasdaq Stock Exchange, 1496 rose and 1318 declined, while 58 ended unchanged.

Shares in Odonate Therapeutics (NASDAQ:ODT) fell to 52-week lows; down 45.35% or 15.21 to 18.33.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 0.75% to 22.37.

Gold Futures for December delivery was down 0.57% or 11.15 to $1935.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.12% or 0.05 to hit $42.39 a barrel, while the November Brent oil contract rose 0.04% or 0.02 to trade at $45.53 a barrel.

EUR/USD was up 0.00% to 1.1787, while USD/JPY rose 0.02% to 105.99.

The US Dollar Index Futures was up 0.07% at 93.305.

U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.35%

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