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US stock markets: Wednesday trading results


August, 22 2024
watermark Economic news

The US stock market ended trading on Wednesday with positive dynamics, thanks to growth in the sectors of raw materials, consumer services and industry. At the end of the day, the Dow Jones index increased by 0.14%, the S&P 500 rose by 0.42%, and the NASDAQ Composite rose by 0.57%.


Among the growth leaders in Dow Jones: Intel (INTC, +2%), McDonald's (MCD, +1.43%), 3M (MMM, +1.2%). The worst performers were American Express shares (AXP, -2.68%).


Keysight Technologies (KEYS, +13.88%), Target (TGT, +11.2%), TJX (TJX, +6.11%) were the leaders in the S&P 500. Franklin Resources (BEN) shares fell 12.56% to a 3-year low.


In the NASDAQ Composite, the growth leaders were GD Culture Group (GDC, +128.49%), Revelation Biosciences (REVB, +100.96%), Stronghold Digital Mining (SDIG, +82.25%). Shares of Bimi International Medical (BIMI) fell by 35.42% to a historic low.


On the NYSE, the number of shares that rose in price exceeded the number of shares that fell (2111 vs. 720). On NASDAQ, the securities of 2,289 companies rose in price, while 1,004 declined.


The VIX volatility index rose by 2.46% to 16.27. Gold futures lost 0.02% ($2,550.10 per ounce), WTI crude futures fell by 1.68% ($71.94 per barrel), Brent crude futures fell by 1.44% ($76.09 per barrel).


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.