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US Stocks Surge: Dow, S&P, Nasdaq Hit Highs
21 May
Summary
- Dow Jones, S&P 500, and Nasdaq Composite indices all closed higher.
- Goldman Sachs and Enphase Energy reached significant new price levels.
- Commodities like crude oil experienced notable price drops.
United States equities closed higher on Wednesday, marking a positive trading session. The Dow Jones Industrial Average advanced by 1.31%, the S&P 500 gained 1.08%, and the NASDAQ Composite saw an increase of 1.55%.
Leading the gains on the Dow Jones Industrial Average were Goldman Sachs Group Inc, which surged to all-time highs, and Nike Inc. Boeing Co also closed with notable gains.
In contrast, Chevron Corp, Walmart Inc, and Unitedhealth Group were among the biggest decliners on the Dow Jones Industrial Average. On the S&P 500, Enphase Energy Inc reached 52-week highs, while Hasbro Inc and CME Group Inc experienced losses.
The NASDAQ Composite saw remarkable surges from HCW Biologics Inc, Silexion Therapeutics Corp, and GCL Global Holdings Ltd. However, Lichen China Ltd, Society Pass Inc, and Jayud Global Logistics Ltd hit all-time lows.
The CBOE Volatility Index decreased, indicating reduced market uncertainty. Commodities experienced declines, with crude oil futures falling. Currency markets showed mixed movements, with EUR/USD remaining stable and USD/JPY depreciating.
