U.S. Stocks Rise Significantly; Dow Jones Industrial Average Increases by 1.18%

On Friday, U.S. stocks experienced a notable increase at the market close, driven by strong performances in several sectors including technology and healthcare.

At the end of trading on the New York Stock Exchange (NYSE), the Dow Jones Industrial Average climbed by 1.18%. The S&P 500 index also saw gains, rising by 1.09%, while the NASDAQ index saw an increase of 1.07%.

Top Performers for the Day

Leading the gains for the day was NVIDIA Corporation, which saw its shares increase by 3.16%, closing at 134.82. Other notable gainers included UnitedHealth Group, which rose by 2.29% to reach 500.47, and Goldman Sachs Group Inc, whose shares were up by 2.23%, closing at 566.34.

However, not all stocks performed well; Merck & Company Inc saw a decline of 1.38% to 98.15, while Walmart Inc fell by 1.24% to close at 92.24. Procter & Gamble Company also saw a decrease, down by 0.67% to 168.06.

Highlights from Major Indices

Among the top performers in the S&P 500 was Enphase Energy Inc, which surged by 8.60% to close at 71.46. Other significant gainers were Palantir Technologies Inc, rising by 8.53% to settle at 80.54, and Match Group Inc, which increased by 6.70% to end at 33.76.

On the NASDAQ Composite, prominent increases included Nvni Group Ltd, which rose dramatically by 221.35% to 8.58. My Size Inc also saw significant growth, up by 212.50% to settle at 4.25, while Intchains Group Ltd ADR gained 106.84%, closing at 8.77.

Market Statistics

Overall, the number of advancing stocks outpaced declining ones on the New York Stock Exchange by a margin of 2072 to 745, with 68 stocks remaining unchanged. On the NASDAQ, 2121 stocks rose, while 1178 faced declines, and 128 remained unchanged.

Specific notable movements included Palantir Technologies hitting an all-time high, while Cyngn Inc saw its stock price drop to an all-time low, along with Molecular Templates Inc.

Market Volatility and Commodities

The VIX, which measures the implied volatility of S&P 500 options, decreased by 23.79% to 18.36, indicating lower expected market volatility.

In commodities, gold futures for delivery in February rose by 1.23% to $2,640.11 per troy ounce. On the other hand, crude oil prices saw a decline, with January futures falling 1.57% to $69.47 per barrel. The February Brent oil contract experienced a slight increase, rising 0.03% to $72.90 per barrel.

Currency Movements

In currency trading, the euro appreciated by 0.61% against the U.S. dollar, reaching a rate of 1.04. Conversely, the USD/JPY pair fell by 0.64% to 156.41, while the U.S. Dollar Index Futures dropped by 0.53%, settling at 107.58.

stocks, market, performance