Stocks Follow Oil Higher at the Close

February 2nd, 2015
in Gary's blogging, market close, syndication

Written by

Closing Market Commentary For 01-30-2015

Gary is off , and the market close comes from our syndication partner, Investing.com.

U.S. stocks were higher after the close on Monday, as gains in the Oil & Gas, Telecommunications and Industrials sectors led shares higher.

At the close in New York, the Dow Jones Industrial Average rose 1.14% to hit a new 1-month low, while the S&P 500 index gained 1.30%, and the NASDAQ Composite index added 0.89%.

Follow up:

The best performers of the session on the Dow Jones Industrial Average were Chevron Corporation (NYSE:CVX), which rose 3.44% or 3.53 points to trade at 106.06 at the close. Meanwhile, Verizon Communications Inc (NYSE:VZ) added 2.73% or 1.25 points to end at 46.96 and Microsoft Corporation (NASDAQ:MSFT) was up 2.15% or 0.87 points to 41.27 in late trade.

The worst performers of the session were Nike Inc (NYSE:NKE), which fell 0.59% or 0.54 points to trade at 91.71 at the close. McDonald's Corporation (NYSE:MCD) declined 0.23% or 0.21 points to end at 92.23 and Home Depot Inc (NYSE:HD) was down 0.18% or 0.19 points to 104.23.

The top performers on the S&P 500 were Denbury Resources Inc (NYSE:DNR) which rose 12.10% to 7.74, First Solar Inc (NASDAQ:FSLR) which was up 7.47% to settle at 45.48 and Chesapeake Energy Corporation (NYSE:CHK) which gained 6.99% to close at 20.52.

The worst performers were Pitney Bowes Inc (NYSE:PBI) which was down 7.17% to 22.26 in late trade, Micron Technology Inc (NASDAQ:MU) which lost 2.96% to settle at 28.40 and Alexion Pharmaceuticals Inc (NASDAQ:ALXN) which was down 2.81% to 178.10 at the close.

The top performers on the NASDAQ Composite were PostRock Energy Corporation (NASDAQ:PSTR) which rose 42.85% to 2.200, CollabRx Inc (NASDAQ:CLRX) which was up 38.00% to settle at 1.380 and One Horizon (NASDAQ:OHGI) which gained 30.23% to close at 1.68.

The worst performers were Westmoreland Coal Company (NASDAQ:WLBPZ) which was down 33.36% to 37.820 in late trade, Ardelyx Inc (NASDAQ:ARDX) which lost 28.73% to settle at 19.25 and Transgenomi (NASDAQ:TBIO) which was down 16.57% to 3.12 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 2102 to 687; on the Nasdaq Stock Exchange, 1759 rose and 1006 declined, while 7 ended unchanged.

Shares in One Horizon (NASDAQ:OHGI) rose to all time lows; up 30.23% or 0.39 to 1.68.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 7.20% to 19.46.

Gold for April delivery was down 0.30% or 3.80 to $1275.40 a troy ounce. Elsewhere in commodities trading, Crude Oil for delivery in March rose 3.16% or 1.52 to hit $49.77 a barrel, while the March Brent Oil contract rose 3.61% or 1.92 to trade at $54.91 a barrel.

EUR/USD was up 0.43% to 1.1336, while USD/JPY rose 0.04% to 117.54.

The US Dollar Index was down 0.25% at 94.82.

Other articles at Investing.com:

Wall St. rallies late on Greek deal hopes; energy gains (Reuters)

Oil up in skittish trade; stocks, refinery strike limit gains (Reuters)

Natural gas futures slump to 28-month low despite snowstorm (Investing.com staff)

If you want to receive occasional Trader Alert 'Tweets' click here:

If you would like to get advanced buy/sell tweets, sign-up in the column to the right of this post by clicking on the 'Follow' button. Write me with suggestions and I promise not to bite.

Real Time Market Numbers

Leading Stock Quotes powered by Investing.com

To contact me with questions, comments or constructive criticism is always encouraged and appreciated:

gary@econintersect.com

Written by Gary

 

 















Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.












 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved