U.S. shares higher at close of trade; Dow Jones Industrial Average up 2.50%

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U.S. shares higher at close of trade; Dow Jones Industrial Average up 2.50%
Credit: © Reuters.

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

At the close in NYSE, the Dow Jones Industrial Average gained 2.50%, while the S&P 500 index gained 2.30%, and the NASDAQ Composite index added 2.95%.

The biggest gainers of the session on the Dow Jones Industrial Average were Caterpillar Inc (NYSE: CAT ), which rose 4.95% or 6.17 points to trade at 130.77 at the close. Boeing Co (NYSE: BA ) added 4.86% or 15.47 points to end at 333.50 and Visa Inc (NYSE: V ) was up 4.02% or 5.47 points to 141.38 in late trade.

Biggest losers included Verizon Communications Inc (NYSE: VZ ), which lost 0.97% or 0.59 points to trade at 60.06 in late trade. United Technologies Corporation (NYSE: UTX ) added 0.04% or 0.05 points to end at 122.73 and DowDuPont Inc (NYSE: DWDP ) gained 0.07% or 0.04 points to 57.22.

The top performers on the S&P 500 were Salesforce.com Inc (NYSE: CRM ) which rose 10.27% to 140.64, Adobe Systems Incorporated (NASDAQ: ADBE ) which was up 7.30% to settle at 249.21 and Align Technology Inc (NASDAQ: ALGN ) which gained 6.74% to close at 235.59.

The worst performers were Tiffany & Co (NYSE: TIF ) which was down 11.82% to 92.54 in late trade, JM Smucker Company (NYSE: SJM ) which lost 7.24% to settle at 101.28 and Patterson Companies Inc (NASDAQ: PDCO ) which was down 5.73% to 24.66 at the close.

The top performers on the NASDAQ Composite were Gaming Partners (NASDAQ: GPIC ) which rose 70.80% to 13.13, Alliqua BioMedical Inc (NASDAQ: ALQA ) which was up 60.24% to settle at 2.660 and Ferroglobe PLC (NASDAQ: GSM ) which gained 25.56% to close at 2.26.

The worst performers were Evine Live Inc (NASDAQ: EVLV ) which was down 37.02% to 0.661 in late trade, Stein Mart Inc (NASDAQ: SMRT ) which lost 27.87% to settle at 1.32 and Arsanis Inc (NASDAQ: ASNS ) which was down 25.73% to 3.06 at the close.

Advancing stocks outnumbered falling ones by 2480 to 588 and 83 ended unchanged; on the Nasdaq Stock Exchange, 2068 rose and 585 declined, while 86 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index , which measures the implied volatility of S&P 500 options, was down 2.79% to 18.49.

In commodities trading, Gold Futures for February delivery was up 0.64% or 7.80 to $1227.70 a troy ounce. Meanwhile, Crude oil for delivery in January fell 2.58% or 1.33 to hit $50.23 a barrel, while the February Brent oil contract fell 2.40% or 1.45 to trade at $58.95 a barrel.

EUR/USD was up 0.72% to 1.1369, while USD/JPY fell 0.14% to 113.62.

The US Dollar Index Futures was down 0.56% at 96.738.

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