US stocks close higher as technology shares lead and consumer discretionary shares lag
Wednesday 11 November: the S&P 500 rose 1.3% to 7,619.38, the Nasdaq Composite +1.6% and the Dow +0.5%.
US stocks closed higher on Wednesday, with technology shares leading and consumer discretionary shares the weakest group. The S&P 500 advanced 1.3% to 7,619.38, the Nasdaq Composite advanced 1.6% to 25,466 and the Dow Jones inched up 0.5% to 52,486.
Technology was the strongest of the 11 sectors, up 3.8% on average, while consumer discretionary was the weakest at −0.3%. Sandisk (SNDK) led the gainers with a 13.7% jump, ahead of Bloom Energy (BE) at 13.0% and Micron Technology (MU) at 11.9%. On the downside, Airbnb (ABNB) fell 3.1%, lululemon athletica (LULU) 2.6% and Mcdonalds (MCD) 2.6%.
Of the 499 large US stocks StocksXray tracks, 328 rose and 168 fell. The VIX volatility index fell to 17.5. The dollar index advanced 0.7%.
For the year, the S&P 500 is up 11.3%, 2.6% below its 52-week high. StocksXray's Market Compass reads Risk-on, with 0 of 7 warning signals on.
The numbers
| Market | Last | Day |
|---|---|---|
| S&P 500 | 7,619.38 | +1.31% |
| Dow Jones | 52,486.49 | +0.49% |
| Nasdaq Composite | 25,466.19 | +1.60% |
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Educational only, not financial advice. Numbers beside the story are from our own data.