U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.58%

Investing.com – U.S. stocks were higher after the close on Thursday, as gains in the Consumer Services, Technology and Basic Materials sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average gained 0.58%, while the S&P 500 index added 0.75%, and the NASDAQ Composite index gained 1.02%.

The best performers of the session on the Dow Jones Industrial Average were Salesforce Inc (NYSE:CRM), which rose 1.52% or 3.80 points to trade at 253.37 at the close. Meanwhile, 3M Company (NYSE:MMM) added 1.38% or 1.80 points to end at 132.03 and Caterpillar Inc (NYSE:CAT) was up 1.37% or 4.58 points to 339.58 in late trade.

The worst performers of the session were Intel Corporation (NASDAQ:INTC), which fell 1.43% or 0.28 points to trade at 19.36 at the close. Dow Inc (NYSE:DOW) declined 0.93% or 0.47 points to end at 50.26 and JPMorgan Chase & Co (NYSE:JPM) was down 0.30% or 0.63 points to 206.60.

The top performers on the S&P 500 were Warner Bros Discovery Inc (NASDAQ:WBD) which rose 10.37% to 7.66, Kroger Company (NYSE:KR) which was up 7.18% to settle at 55.20 and Axon Enterprise Inc (NASDAQ:AXON) which gained 6.30% to close at 384.51.

The worst performers were Moderna Inc (NASDAQ:MRNA) which was down 12.36% to 69.68 in late trade, Enphase Energy Inc (NASDAQ:ENPH) which lost 4.30% to settle at 105.83 and Wells Fargo & Company (NYSE:WFC) which was down 4.02% to 51.57 at the close.

The top performers on the NASDAQ Composite were Edgio Inc (NASDAQ:EGIO) which rose 118.70% to 2.14, Visionary Education Technology Holdings Group Inc (NASDAQ:GV) which was up 117.73% to settle at 4.42 and Oblong Inc (NASDAQ:OBLG) which gained 92.92% to close at 6.54.

The worst performers were Fulcrum Therapeutics Inc (NASDAQ:FULC) which was down 61.13% to 3.44 in late trade, ModivCare Inc (NASDAQ:MODV) which lost 59.12% to settle at 12.75 and Oncternal Therapeutics Inc (NASDAQ:ONCT) which was down 59.09% to 1.70 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 2136 to 672 and 89 ended unchanged; on the Nasdaq Stock Exchange, 1987 rose and 1292 declined, while 160 ended unchanged.

Shares in Axon Enterprise Inc (NASDAQ:AXON) rose to all time highs; gaining 6.30% or 22.80 to 384.51. Shares in ModivCare Inc (NASDAQ:MODV) fell to 5-year lows; losing 59.12% or 18.44 to 12.75. Shares in Oncternal Therapeutics Inc (NASDAQ:ONCT) fell to all time lows; down 59.09% or 2.45 to 1.70.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 3.50% to 17.07.

Gold Futures for December delivery was up 1.79% or 45.40 to $2,587.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 2.79% or 1.88 to hit $69.19 a barrel, while the November Brent oil contract rose 2.22% or 1.57 to trade at $72.18 a barrel.

EUR/USD was up 0.56% to 1.11, while USD/JPY fell 0.38% to 141.81.

The US Dollar Index Futures was down 0.40% at 101.25.