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31.03.2023 04:25 AM
US stock market closes higher, Dow Jones gains 0.43%

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At the same time, there are indicators that hold back the growth of Wall Street, for example, internal macro statistics. So, earlier, the US Department of Commerce lowered the estimate of the country's GDP growth in the fourth quarter to 2.6% in annual terms (if GDP grew at the same pace for four consecutive quarters), the second estimate was 2.7%, and the first - 2.9% . In the third quarter, US GDP grew by 3.2% on an annualized basis.

Data on the labor market also turned out to be worse than expected. US initial jobless claims for the week ending March 25 increased by 7,000 from the previous week to 198,000. The forecast was 196 thousand.

At the close in the New York Stock Exchange, the Dow Jones was up 0.43%, the S&P 500 was up 0.57% and the NASDAQ Composite was up 0.73%.

The leading performer among the Dow Jones index components today was Intel Corporation (NASDAQ:INTC), which gained 0.57 points or 1.81% to close at 32.09. Boeing Co (NYSE:BA) rose 3.07 points or 1.48% to close at 211.04. Walgreens Boots Alliance Inc (NASDAQ:WBA) rose 0.48 points or 1.41% to close at 34.63.

The least gainers were American Express Company (NYSE:AXP), which shed 1.18 points or 0.72% to end the session at 162.41. 3M Company (NYSE:MMM) was up 0.41 points (0.40%) to close at 102.78, while Visa Inc Class A (NYSE:V) was down 0.94 points (0.40%). .42%) and finished trading at 222.36.

Leading gainers among the S&P 500 index components in today's trading were Zebra Technologies Corporation (NASDAQ:ZBRA), which rose 4.39% to 309.11, Caesars Entertainment Corporation (NASDAQ:CZR), which gained 3.74 % to close at 46.87 and Paycom Soft (NYSE:PAYC), which rose 3.64% to close at 296.28.

The least gainers were Signature Bank (OTC:SBNY), which shed 22.29% to close at 0.19. Shares of SVB Financial Group (OTC:SIVBQ) shed 7.73% to end the session at 0.90. Charles Schwab Corp (NYSE:SCHW) fell 4.96% to 52.47.

The leading gainers among the components of the NASDAQ Composite in today's trading were Scynexis Inc (NASDAQ:SCYX), which rose 76.05% to 2.94, Palisade Bio Inc (NASDAQ:PALI), which gained 57.74%. , to close at 2.65, and Accelerate Diagnostics Inc (NASDAQ:AXDX), which rose 41.49% to close at 0.71.

The least gainer was mCloud Technologies Corp (NASDAQ:MCLD), which shed 49.04% to close at 0.37. Shares of G Medical Innovations Holdings Ltd (NASDAQ:GMVD) shed 38.29% to end the session at 1.66. Cyxtera Technologies Inc (NASDAQ:CYXT) dropped 34.69% to 0.42.

On the New York Stock Exchange, the number of securities that rose in price (2049) exceeded the number of those that closed in the red (937), while quotes of 75 shares remained virtually unchanged. On the NASDAQ stock exchange, 1803 companies rose in price, 1795 fell, and 166 remained at the level of the previous close.

The CBOE Volatility Index, which is based on S&P 500 options trading, fell 0.52% to 19.02.

Gold futures for June delivery added 0.74%, or 14.70, to $1.00 a troy ounce. In other commodities, WTI crude for May delivery rose 1.93%, or 1.41, to $74.38 a barrel. Brent futures for June delivery rose 1.26%, or 0.98, to $78.57 a barrel.

Meanwhile, in the Forex market, EUR/USD rose 0.58% to hit 1.09, while USD/JPY shed 0.19% to hit 132.59.

Futures on the USD index fell 0.45% to 101.83.

Thomas Frank,
Analytical expert of InstaForex
© 2007-2024
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