US stocks posted strong gains at the close on Thursday. Major indices were mixed, with utility, industrials and basic materials sectors posting notable gains. At the close of trading in New York, the Dow Jones Industrial Average rose 1.06%, the S&P 500 gained 0.53%, while the Nasdaq Composite added a modest 0.04%.
The industrials were mainly driven by gains in some major companies. For example, IBM (NYSE: IBM) gained 3.63%, or 7.80 points, to close at $222.40. Sherwin-Williams (NYSE: SHW) also continued to rise, rising 3.14%, or 11.66 points, to close at $383.32. In the same context, Salesforce (NYSE: CRM) stock rose by 3.09% or 10.08 points, closing at $335.78. These gains contributed to strengthening the major indices of the US markets, which helped push the indices higher in general.
The US markets also witnessed increased interest from investors in sectors that showed strong performance, such as industrials and basic materials. Positive expectations regarding economic growth are increasing, which is clearly reflected in the movement of the markets.
It is worth noting that these gains came amid optimism about the recovery of the US economy, especially after the recent economic decisions. The markets remain under pressure from a range of factors, including global market volatility and upcoming economic data.
Moreover, investors expect the markets to continue to react to economic and geopolitical events that may affect the movement of stocks in the coming period. This is evident in the continuous fluctuation between different sectors, which creates opportunities for investors who want to benefit from rapid movements in the market.
US stocks may remain subject to volatility in the short term, but the continued growth in major economic sectors provides a strong boost to the markets in general.
US stock markets mixed at end of trading on Thursday
U.S. stock markets were mixed at the close on Thursday, with some stocks posting strong gains while others fell significantly.
Among the big losers were Amazon.com Inc. (NASDAQ: AMZN) which closed down 2.22%, or 4.50 points, at $198.38. Boeing Co. (NYSE: BA) fell 1.83%, or 2.67 points, to close at $143.41. McDonald’s Corp. (NYSE: MCD) fell 0.85%, or 2.47 points, to close at $288.45.
On the flip side, there were some stocks that performed well. Super Micro Computer Inc. (NASDAQ: SMCI) gained a strong 15.12% to close at $29.70. Amentum Holdings (NYSE: AMTM) also continued to rise, rising 10.49% to $24.76. Deere & Co (NYSE: DE) rose 8.05% to close at $437.54.
Among the underperformers, Alphabet Class A (NASDAQ: GOOGL) fell 4.74% to close at $167.63. Meanwhile, Alphabet (NASDAQ: GOOG) fell 4.56% to $169.24. Transdim Group (NYSE: TDG) also saw a 4.10% decline to close at $1,240.13.
These moves show a wide range of companies across the major indices, with some stocks benefiting from improved performance in certain sectors. This variance indicates that markets are still under the influence of a range of economic and geopolitical factors that affect stock markets in general.
It is worth noting that price movements are constantly affected by economic developments and financial statements issued by companies. Investors in stock markets consider these variables essential in making their decisions.
It can be said that the US markets have witnessed significant fluctuations in stock performance, with some companies recording significant gains, while others declined. These fluctuations may continue in the coming period, which requires close monitoring by investors and analysts.
Some stocks have recorded significant declines in their performance
US stock markets saw notable moves at the end of trading on Thursday, with some stocks showing significant gains while others saw sharp declines.
On the Nasdaq, Scworx Corp (NASDAQ: WORX) was the top gainer, surging 116.33% to close at $2.12. Cerence Inc (NASDAQ: CRNC) continued its upward trend, rising 106.74% to $5.83. Meanwhile, Procaps Group SA (NASDAQ: PROC) surged 94.23% to close at $1.11.
On the other hand, some stocks saw significant declines. SKK Holdings Ltd (NASDAQ: SKK) was the biggest loser, falling 75.88% to close at $1.10. TMT Acquisition Corp (NASDAQ: TMTC) fell 65.35% to $2.20. Wellchange Holdings Co Ltd (NASDAQ: WCT) fell 62.35% to close at $1.25.
Elsewhere, the New York Stock Exchange showed that advancing stocks outnumbered declining ones, with 2,135 advancing, 662 declining and 91 ending unchanged. On the Nasdaq, 2,206 stocks advanced, 1,098 declined and 126 were unchanged.
Deere & Co (NYSE: DE) hit a new 52-week high, rising 8.05% to close at $437.54. In contrast, SKK Holdings Ltd (NASDAQ: SKK) stock fell to an all-time low, falling 75.88% to close at $1.10. TMT Acquisition Corp (NASDAQ: TMTC) stock also recorded a historic 65.35% decline to close at $2.20.
The Volatility Index (VIX), which measures market volatility, fell 1.69% to close at 16.87. This decline indicates a decrease in concerns about short-term market volatility.
Overall, U.S. stock markets showed mixed performance, with some stocks posting huge gains while others suffered sharp declines. This volatility suggests that markets remain under the influence of multiple factors, whether economic or company-related.
