Dow Jones Industrial Average Hits New All-Time High
In the NYSE closing, the Dow Jones Industrial Average rose by 0.16% to reach a new all-time high. Conversely, the S&P 500 index declined by 0.07%, and the NASDAQ Composite index fell by 0.36%.
Top Performers and Worst Performers
The best performers in the Dow Jones Industrial Average were American Express Company (NYSE:AXP), which saw a rise of 7.09% or 13.34 points, reaching a close of 201.41. UnitedHealth Group Incorporated (NYSE:UNH) added 1.97% or 9.73 points, ending at 503.13. Nike Inc (NYSE:NKE) witnessed a gain of 1.95% or 1.96 points, closing at 102.73.
On the other hand, the worst performers in the session were Intel Corporation (NASDAQ:INTC), which fell by 11.91% or 5.90 points, settling at 43.65. Visa Inc Class A (NYSE:V) declined by 1.73% or 4.71 points, closing at 267.90. McDonald’s Corporation (NYSE:MCD) dropped by 1.65% or 4.91 points, ending at 292.30.
On the S&P 500, the top performers were American Express Company (NYSE:AXP) with a rise of 7.09% to 201.41, Airbnb Inc (NASDAQ:ABNB) with an increase of 5.28% settling at 149.62, and Capital One Financial Corporation (NYSE:COF) with a gain of 4.60% closing at 138.65. Intel Corporation (NASDAQ:INTC) was the worst performer on this index, showing a decline of 11.91% to 43.65 during late trade. Fair Isaac Corporation (NYSE:FICO) lost 6.85% settling at 1,196.27, and KLA Corporation (NASDAQ:KLAC) fell by 6.60% to 599.37 at market close.
The NASDAQ Composite’s top performers were Corbus Pharmaceuticals Holding (NASDAQ:CRBP) with a rise of 249.41% to 29.49, SMX Security Matters Ord Shs Class A (NASDAQ:SMX) with an increase of 82.59% settling at 0.43, and Bit Origin Ltd (NASDAQ:BTOG) with a gain of 69.89% closing at 4.74. On the other hand, the worst performers on this index were Richtech Robotics Inc (NASDAQ:RR) with a decline of 64.95% to 3.47 during late trade, Yoshitsu Co Ltd ADR (NASDAQ:TKLF) with a loss of 60.89% settling at 0.31, and Nuvve Holding Corp (NASDAQ:NVVE) with a drop of 36.14% to 3.18 at market close.
Market Overview
On the New York Stock Exchange, rising stocks outnumbered declining stocks with 1587 to 1239, while 98 stocks remained unchanged. On the Nasdaq Stock Exchange, there were 1764 risers, 1620 decliners, and 150 unchanged stocks.
Notable Stock Movements
American Express Company (NYSE:AXP) reached all-time high with a rise of 7.09% or 13.34, closing at 201.41. Capital One Financial Corporation (NYSE:COF) hit a 52-week high, gaining 4.60% or 6.10 to close at 138.65. Corbus Pharmaceuticals Holding (NASDAQ:CRBP) also rose to a 52-week high, showing a remarkable gain of 249.41% or 21.05, ending at 29.49.
Commodities and Currency
In commodities trading, the price of Crude oil for delivery in March rose by 0.83% or 0.64, reaching $78.00 per barrel. The March Brent oil contract increased by 1.41% or 1.16, trading at $83.59 per barrel.
The EUR/USD currency pair remained unchanged at 1.09, while the USD/JPY pair rose by 0.31% to 148.12. The US Dollar Index Futures experienced a decline of 0.10%, reaching 103.27.