U.S. stocks closed with mixed results as gains in the Telecoms, Technology, and Financials sectors propelled shares higher, while losses in the Oil & Gas, Consumer Services, and Utilities sectors pulled shares lower.
The Dow Jones Industrial Average advanced by 0.32%, reaching a new one-month high, while the S&P 500 index climbed by 0.16%. Conversely, the NASDAQ Composite index experienced a slight decline of 0.03%.
Leading the gains on the Dow Jones Industrial Average were McDonald’s Corporation, which rose by 2.66%, followed by 3M Company, and Verizon Communications Inc, which added 1.67% and 1.51% respectively. On the downside, Nike Inc, Boeing Co, and Amazon.com Inc were among the worst performers, declining by 2.64%, 1.52%, and 1.07% respectively.
Among the top performers on the S&P 500 were Mettler-Toledo International Inc, Gen Digital Inc, and Arista Networks, which surged by 17.25%, 15.34%, and 6.09% respectively. Conversely, Akamai Technologies Inc, Insulet Corporation, and Moderna Inc were among the worst performers, declining by 11.00%, 6.55%, and 4.39% respectively.
On the NASDAQ Composite, Aeye Inc, Novavax Inc, and Iteos Therapeutics Inc were the top performers, rising by 118.64%, 98.66%, and 43.07% respectively. Meanwhile, MacroGenics Inc, Evolv Technologies Holdings Inc, and Greenwave Technology Solutions Inc were the worst performers, declining by 77.44%, 38.54%, and 37.20% respectively.
Overall, falling stocks outnumbered advancing ones on both the New York Stock Exchange and the Nasdaq Stock Exchange.
In commodities trading, Gold Futures for June delivery rose by 1.29%, while Crude oil for delivery in June fell by 1.22%. The EUR/USD pair remained unchanged, while the USD/JPY pair rose by 0.19%.
The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, fell by 1.10% to reach a new three-month low.
The US Dollar Index Futures edged up by 0.06% at 105.17.