U.S. stocks closed higher on Wednesday, led by the Technology, Oil & Gas and Industrials sectors. The Dow Jones Industrial Average added 0.48%, while the Nasdaq Composite outpaced it with a 1.60% gain.
U.S. stocks finished Wednesday higher, with gains in the Technology, Oil & Gas and Industrials sectors leading shares up. The Dow Jones Industrial Average added 0.48% at the NYSE close, while the S&P 500 gained 1.31% and the Nasdaq Composite gained 1.60%.
Caterpillar, Nvidia and Cisco lead the Dow
Caterpillar was the Dow's best performer, rising 2.91% to 601.61. Nvidia added 2.87% to end at 173.73, and Cisco Systems was up 2.66% to 100.76 in late trade.
The worst Dow performers were McDonald's, down 2.61% to 274.80, Microsoft, which declined 2.26% to 521.13, and Amazon, down 1.74% to 266.17.
Chip and hardware names pace the S&P 500
Micron Technology topped the S&P 500, rising 11.89% to 811.30. Dell Technologies was up 11.75% to settle at 373.68. Seagate Technology gained 9.99% to close at 551.72.
On the downside, Airbnb was down 3.09% to 181.13 in late trade. Lululemon Athletica lost 2.65% to settle at 107.45, and McDonald's was down 2.61% at the close.
Breadth, volatility and commodities
Rising stocks outnumbered decliners on the NYSE by 1497 to 1327, with 82 unchanged. On the Nasdaq, 2058 rose and 1392 declined, while 171 ended unchanged.
The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 10.17% to 17.48.
December gold futures fell 0.96% to $3,991.62 a troy ounce, while December crude oil rose 0.44% to $86.42 a barrel. The January Brent contract rose 1.18% to trade at $92.57 a barrel.
Source: Investing.com
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