U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.22%

Investing.com – U.S. stocks were higher after the close on Tuesday, as gains in the Technology, Basic Materials and Consumer Goods sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average rose 1.22%, while the S&P 500 index gained 1.58%, and the NASDAQ Composite index added 2.53%.

The best performers of the session on the Dow Jones Industrial Average were Salesforce.com Inc (NYSE:CRM), which rose 3.80% or 7.85 points to trade at 214.25 at the close. Meanwhile, Boeing Co (NYSE:BA) added 3.66% or 7.69 points to end at 217.73 and American Express Company (NYSE:AXP) was up 2.93% or 5.63 points to 197.98 in late trade.

The worst performers of the session were Chevron Corp (NYSE:CVX), which fell 0.73% or 0.99 points to trade at 134.26 at the close. 3M Company (NYSE:MMM) declined 0.42% or 0.67 points to end at 157.34 and International Business Machines (NYSE:IBM) was down 0.16% or 0.21 points to 129.94.

The top performers on the S&P 500 were Monolithic Power Systems Inc (NASDAQ:MPWR) which rose 10.60% to 479.27, NVIDIA Corporation (NASDAQ:NVDA) which was up 9.18% to settle at 264.95 and American Airlines Group (NASDAQ:AAL) which gained 8.09% to close at 18.84.

The worst performers were Fidelity National Information Services Inc (NYSE:FIS) which was down 7.76% to 102.85 in late trade, IPG Photonics Corporation (NASDAQ:IPGP) which lost 6.22% to settle at 137.55 and Constellation Brands Inc Class A (NYSE:STZ) which was down 6.12% to 219.55 at the close.

The top performers on the NASDAQ Composite were Resonant Inc (NASDAQ:RESN) which rose 256.91% to 4.390, Color Star Technology Co Ltd (NASDAQ:CSCW) which was up 93.11% to settle at 0.8881 and Tower Semiconductor Ltd (NASDAQ:TSEM) which gained 42.08% to close at 47.07.

The worst performers were Larimar Therapeutics Inc (NASDAQ:LRMR) which was down 52.09% to 4.010 in late trade, Hudson Capital Inc (NASDAQ:HUSN) which lost 31.82% to settle at 3.420 and Medpace Holdings Inc (NASDAQ:MEDP) which was down 20.30% to 138.87 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 2491 to 766 and 116 ended unchanged; on the Nasdaq Stock Exchange, 3222 rose and 657 declined, while 162 ended unchanged.

Shares in IPG Photonics Corporation (NASDAQ:IPGP) fell to 52-week lows; losing 6.22% or 9.13 to 137.55. Shares in 3M Company (NYSE:MMM) fell to 52-week lows; losing 0.42% or 0.67 to 157.34. Shares in American Express Company (NYSE:AXP) rose to all time highs; gaining 2.93% or 5.63 to 197.98. Shares in Larimar Therapeutics Inc (NASDAQ:LRMR) fell to 52-week lows; down 52.09% or 4.360 to 4.010. Shares in Tower Semiconductor Ltd (NASDAQ:TSEM) rose to 5-year highs; rising 42.08% or 13.94 to 47.07. Shares in Medpace Holdings Inc (NASDAQ:MEDP) fell to 52-week lows; losing 20.30% or 35.36 to 138.87.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 9.28% to 25.70.

Gold Futures for April delivery was down 0.77% or 14.40 to $1855.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 3.53% or 3.37 to hit $92.09 a barrel, while the April Brent oil contract rose 0.20% or 0.19 to trade at $93.46 a barrel.

EUR/USD was up 0.04% to 1.1360, while USD/JPY fell 0.01% to 115.61.

The US Dollar Index Futures was down 0.40% at 95.975.