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U.S. Stocks Rise, Led by Technology, Oil & Gas, and Industrials

U.S. stocks closed higher on Wednesday, with gains in the Technology, Oil & Gas, and Industrials sectors leading the way.

New York Stock Exchange
New York Stock Exchange

Market Highlights

At the close of trade on the NYSE, the Dow Jones Industrial Average increased by 0.11%, the S&P 500 index climbed by 0.38%, and the NASDAQ Composite index added 0.54%. The best and worst performers of the session were Apple Inc., which rose 1.92% to 187.65, and 3M Company, which fell 1.07% to 104.44. Meanwhile, on the S&P 500, the top performers were Insulet Corporation, rising 6.42% to 201.65, and HP Inc, falling 6.65% to 29.29. On the NASDAQ Composite, iCoreConnect Inc. led the gains with a 118.89% increase to 12.28, while OUTLOOK THERAPEUTICS INC suffered the most significant loss, dropping 80.96% to 0.27.

Stock Movement Details

Shares in iCoreConnect Inc. rose to all-time highs, increasing by 118.89% to 12.28. In contrast, shares in OUTLOOK THERAPEUTICS INC, TD Holdings Inc, and FibroGen Inc fell to all-time lows, decreasing by 80.96% to 0.27, 28.72% to 0.21, and 24.23% to 0.97, respectively.

Market Statistics

Rising stocks outnumbered declining ones on the New York Stock Exchange by 1743 to 1152, with 95 ending unchanged. Similarly, on the Nasdaq Stock Exchange, 1860 stocks rose, 1618 declined, and 127 ended unchanged.

Volatility and Commodities

The CBOE Volatility Index, a measure of the implied volatility of S&P 500 options, decreased by 3.94% to 13.88. In commodities trading, Gold Futures for December delivery increased by 0.32% to $1,971.40 a troy ounce, and Crude oil for October delivery rose by 0.67% to $81.70 a barrel. The November Brent oil contract increased by 0.45% to $85.29 a barrel.

Forex Movements

In the Forex market, the EUR/USD pair remained unchanged at 0.42% to 1.09, while the USD/JPY pair rose by 0.25% to 146.24. The US Dollar Index Futures decreased by 0.36% to 103.10.