US Stocks Close Thursday on Upbeat Note Amid Sector Gains
The US stock market closed Thursday on an upbeat note, led by gains in key sectors such as technology and oil & gas. The Dow Jones Industrial Average rose 0.20% after Salesforce Inc jumped 22.58%, followed closely by NVIDIA Corporation's 8.74% gain and International Business Machines' 3.88% increase.
The S&P 500 also saw significant gains, with top performers including CrowdStrike Holdings Inc up 20.52% and Synopsys Inc gaining 13.39%. However, not all stocks fared well; the worst performers on the index included Hormel Foods Corporation down 10.27%, Tapestry Inc losing 5.38%, and Moderna Inc down 4.60%.
The NASDAQ Composite also saw substantial gains, with Celularity Inc rising 138.53%, Propanc Biopharma Inc up 106.54%, and Stablecoinx Inc gaining 34.95%. However, some stocks plummeted; Kaixin Auto Holdings fell to all-time lows after a 71.26% drop, while Brenx Ltd lost 38.14%.