US stocks close higher as communication services shares rally, but more stocks fall than rise
Tuesday 3 November: the S&P 500 edged higher 0.4% to 7,568.92, the Nasdaq Composite +0.8% and the Dow −0.4%.
US stocks closed higher on Tuesday as communication services shares rallied, even though 312 of the 499 large US stocks StocksXray tracks fell and only 187 rose. The S&P 500 inched up 0.4% to 7,568.92, the Nasdaq Composite gained 0.8% to 25,372 and the Dow Jones edged lower 0.4% to 51,787.
Communication services was the strongest of the 11 sectors, up 1.3% on average, while materials was the weakest at −2.2%. Fiserv (FISV) led the gainers with a 12.5% jump, ahead of Bloom Energy (BE) at 9.0% and DuPont de Nemours (DD) at 8.6%. On the downside, Gartner (IT) fell 13.2%, Sysco (SYY) 9.3% and Zebra Technologies (ZBRA) 8.8%.
The VIX volatility index fell to 20.8. The dollar index was little changed.
For the year, the S&P 500 is up 10.6%, 3.2% below its 52-week high. StocksXray's Market Compass reads Neutral, with 2 of 7 warning signals on.
The numbers
| Market | Last | Day |
|---|---|---|
| S&P 500 | 7,568.92 | +0.36% |
| Dow Jones | 51,786.72 | −0.38% |
| Nasdaq Composite | 25,372.01 | +0.83% |
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Educational only, not financial advice. Numbers beside the story are from our own data.