U.S. equities experienced a positive close on Tuesday, propelled by gains in the technology, telecommunications, and industrials sectors. At the closing bell on the New York Stock Exchange, the Dow Jones Industrial Average had ascended by 0.69%, the S&P 500 index had advanced by 1.20%, and the NASDAQ Composite index had climbed by 1.59%.
The Dow Jones Industrial Average was led higher by Verizon Communications, which surged by 2.85% to end the day at $39.70. American Express followed closely, rising by 2.54% to $238.91. Caterpillar also contributed to the gains, climbing by 1.62% to $363.39.
On the downside, Walmart underperformed, declining by 1.75% to $59.09. UnitedHealth Group experienced a loss of 0.99% to close at $486.37, while Boeing dropped by 0.82% to $169.08.
In the S&P 500, Globe Life emerged as a top performer, soaring by 14.23% to $75.84. General Electric followed suit, gaining 8.30% to reach $162.66. Danaher Corporation also performed well, rising by 7.21% to $253.11.
LKQ Corporation suffered the most significant decline in the S&P 500, dropping by 14.88% to $41.65. MSCI Inc. and Nucor Corp. also experienced losses, falling by 13.41% and 8.92% to $446.09 and $174.54, respectively.
The NASDAQ Composite was led higher by Zapp Electric Vehicles Group, which skyrocketed by an impressive 1,931.80% to $4.51. NewGenIvf Group and MMTEC Inc. also performed exceptionally well, gaining 74.22% and 42.68% to reach $2.23 and $2.24, respectively.
Abeona Therapeutics Inc. faced the steepest decline in the NASDAQ Composite, losing 53.67% to end the day at $3.41. Greenwave Technology Solutions Inc. and Lichen China Ltd. also experienced significant losses, falling by 44.66% and 42.86% to $0.07 and $0.56, respectively.
Advancing stocks significantly outnumbered declining ones on both the New York Stock Exchange and the Nasdaq Stock Exchange, indicating a positive market sentiment. The CBOE Volatility Index, which measures market volatility, also declined by 7.38% to 15.69, reflecting a reduction in investor anxiety.
In commodities trading, gold futures experienced a modest decline of 0.42%, reaching $2,336.55 per troy ounce. In contrast, crude oil prices rose by 1.81% to $83.38 per barrel. The June Brent oil contract also gained ground, climbing by 1.66% to $88.44 per barrel.
On the currency market, the EUR/USD remained stable at 1.07, while the USD/JPY experienced a slight decrease of 0.01% to 154.82. The US Dollar Index Futures declined by 0.36% to 105.53.
