Wall Street rallies: S&P 500 +1.6% as consumer discretionary shares lead
Wednesday 4 November: the S&P 500 climbed 1.6% to 7,688.62, the Nasdaq Composite +1.4% and the Dow +3.0%.
US stocks jumped on Wednesday, with the S&P 500 gaining 1.6% as consumer discretionary shares led the advance. The S&P 500 rose 1.6% to 7,688.62, the Nasdaq Composite climbed 1.4% to 25,737 and the Dow Jones jumped 3.0% to 53,356.
Consumer discretionary was the strongest of the 11 sectors, up 5.5% on average, while energy was the weakest at −5.2%. Mosaic (MOS) led the gainers with a 17.4% jump, ahead of Block (XYZ) at 15.3% and Zimmer Biomet (ZBH) at 13.5%. On the downside, Fidelity National Information Services (FIS) fell 23.7%, Trimble (TRMB) 17.3% and Comfort Systems Usa (FIX) 15.1%.
Of the 499 large US stocks StocksXray tracks, 372 rose and 127 fell. The VIX volatility index fell to 16.6. The dollar index slipped 0.3%.
For the year, the S&P 500 is up 12.3%, 1.7% 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 | 7,688.62 | +1.58% |
| Dow Jones | 53,356.12 | +3.03% |
| Nasdaq Composite | 25,736.51 | +1.44% |
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Educational only, not financial advice. Numbers beside the story are from our own data.