U.S. shares finished higher on Tuesday, with sector strength in Basic Materials, Technology and Industrials pushing major indexes higher at the close in New York.
At the NYSE close, the Dow Jones Industrial Average rose 0.73%, the S&P 500 gained 0.81% and the NASDAQ Composite advanced 1.03%.
Large-cap movers
Within the Dow, Caterpillar Inc (NYSE:CAT) was the session’s strongest performer, climbing 3.41% - an increase of 29.81 points - to finish at 904.59. Apple Inc (NASDAQ:AAPL) added 2.66%, or 7.35 points, settling at 284.18. Cisco Systems Inc (NASDAQ:CSCO) also closed higher, up 1.80% or 1.67 points to 94.30.
On the downside among Dow components, UnitedHealth Group (NYSE:UNH) fell 1.86% - losing 6.88 points to close at 363.87. Visa Inc Class A (NYSE:V) dropped 1.47%, or 4.82 points, to end at 322.03, while American Express Company (NYSE:AXP) slipped 1.02% - down 3.26 points - to 315.95.
S&P 500 leaders and laggards
On the S&P 500, Waters Corporation (NYSE:WAT) led gainers, rising 13.54% to 342.75. Intel Corporation (NASDAQ:INTC) surged 12.92% to finish at 108.15, and Akamai Technologies Inc (NASDAQ:AKAM) climbed 11.51% to close at 117.96.
Prominent decliners on the S&P were Huntington Ingalls Industries Inc (NYSE:HII), which fell 10.25% to 326.13, Fiserv Inc (NASDAQ:FISV), down 8.80% to settle at 57.28, and Pool Corporation (NASDAQ:POOL), which lost 7.97% to end at 187.04.
Notable moves on the Nasdaq
The biggest percentage increase on the Nasdaq Composite came from Phoenix Asia Holdings Ltd (NASDAQ:PHOE), which jumped 166.38% to 46.99. Sadot Group Inc (NASDAQ:SDOT) rose 86.56% to 0.48, while Backblaze Inc (NASDAQ:BLZE) gained 63.58% to close at 7.59.
Conversely, Embecta Corp (NASDAQ:EMBC) fell 57.84% to 3.90, SKK Holdings Ltd (NASDAQ:SKK) dropped 54.39% to 5.56, and GeneDx Holdings Corp (NASDAQ:WGS) declined 49.09% to 34.58.
Market breadth and notable record marks
Rising stocks outnumbered declining ones on the New York Stock Exchange by 1840 to 892, with 90 issues ending unchanged. On the Nasdaq Stock Exchange, 1935 issues rose and 1407 declined, while 175 finished unchanged.
Several individual stocks reached significant price milestones during the session. Shares of Intel Corporation (NASDAQ:INTC) rose to all-time highs, gaining 12.92% or 12.37 to 108.15. Caterpillar Inc (NYSE:CAT) also climbed to all-time highs, rising 3.41% or 29.81 to 904.59, and Cisco Systems Inc (NASDAQ:CSCO) advanced to all-time highs after a 1.80% gain or 1.67 to 94.30.
At the other end of the spectrum, Pool Corporation (NASDAQ:POOL) fell to 5-year lows, down 7.97% or 16.19 to 187.04. Embecta Corp (NASDAQ:EMBC) dropped to all-time lows, losing 57.84% or 5.35 to 3.90. GeneDx Holdings Corp (NASDAQ:WGS) fell to 52-week lows, off 49.09% or 33.35 to 34.58.
Volatility, commodities and currencies
The CBOE Volatility Index, a gauge of implied volatility on S&P 500 options, declined 4.87% to 17.40.
In commodities, Gold Futures for June delivery rose 0.79% or 35.99 to $4,569.29 a troy ounce. Crude oil for June delivery fell 3.53% or 3.76 to $102.66 a barrel, while the July Brent contract declined 3.50% or 4.00 to trade at $110.44 a barrel.
In foreign exchange, EUR/USD was effectively unchanged, moving 0.02% to 1.17. USD/JPY strengthened 0.43% to 157.88. The US Dollar Index Futures were up 0.09% at 98.35.
Session snapshot
- Major indexes closed higher: Dow +0.73%, S&P 500 +0.81%, Nasdaq +1.03%.
- Sector leaders driving the day were Basic Materials, Technology and Industrials.
- Breadth favored advancers on both the NYSE and Nasdaq.