U.S. stocks higher at close of trade; Dow Jones Industrial Average up 2.13%

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At the close in NYSE, the Dow Jones Industrial Average rose 2.13%, while the S&P 500 index gained 2.28%, and the NASDAQ Composite index added 2.56%.

The best performers of the session on the Dow Jones Industrial Average were Intel Corporation (NASDAQ:INTC), which rose 4.25% or 1.17 points to trade at 28.73 at the close. Meanwhile, Walgreens Boots Alliance Inc (NASDAQ:WBA) added 4.04% or 1.42 points to end at 36.61 and Dow Inc (NYSE:DOW) was up 3.99% or 2.11 points to 55.02 in late trade.

The worst performers of the session were UnitedHealth Group Incorporated (NYSE:UNH), which fell 0.01% or 0.07 points to trade at 489.89 at the close. Home Depot Inc (NYSE:HD) added 0.60% or 1.90 points to end at 317.37 and Chevron Corp (NYSE:CVX) was up 0.75% or 1.32 points to 176.56.

The top performers on the S&P 500 were Costco Wholesale Corp (NASDAQ:COST) which rose 7.26% to 482.87, Old Dominion Freight Line Inc (NASDAQ:ODFL) which was up 6.83% to settle at 300.70 and IDEXX Laboratories Inc (NASDAQ:IDXX) which gained 6.82% to close at 447.77.

The worst performers were Baxter International Inc (NYSE:BAX) which was down 7.80% to 48.47 in late trade, Waters Corporation (NYSE:WAT) which lost 7.15% to settle at 322.21 and Thermo Fisher Scientific Inc (NYSE:TMO) which was down 3.94% to 535.00 at the close.

The top performers on the NASDAQ Composite were Swvl Holdings Corp (NASDAQ:SWVL) which rose 115.36% to 0.30, Medavail Holdings Inc (NASDAQ:MDVL) which was up 80.19% to settle at 0.56 and Golden Sun Education Group Ltd (NASDAQ:GSUN) which gained 77.78% to close at 2.24.

The worst performers were Fate Therapeutics Inc (NASDAQ:FATE) which was down 61.45% to 4.24 in late trade, Nabriva Therapeutics AG (NASDAQ:NBRV) which lost 44.84% to settle at 1.30 and Graphite Bio Inc (NASDAQ:GRPH) which was down 39.54% to 1.85 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 2648 to 463 and 76 ended unchanged; on the Nasdaq Stock Exchange, 2713 rose and 1091 declined, while 136 ended unchanged.

Shares in Baxter International Inc (NYSE:BAX) fell to 5-year lows; down 7.80% or 4.10 to 48.47. Shares in Fate Therapeutics Inc (NASDAQ:FATE) fell to 5-year lows; down 61.45% or 6.76 to 4.24. Shares in Nabriva Therapeutics AG (NASDAQ:NBRV) fell to all time lows; falling 44.84% or 1.06 to 1.30. Shares in Graphite Bio Inc (NASDAQ:GRPH) fell to all time lows; falling 39.54% or 1.21 to 1.85.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 5.92% to 21.13.

Gold Futures for February delivery was up 1.65% or 30.45 to $1,871.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.14% or 0.10 to hit $73.77 a barrel, while the March Brent oil contract fell 0.13% or 0.10 to trade at $78.59 a barrel.

EUR/USD was up 1.18% to 1.06, while USD/JPY fell 0.99% to 132.09.

The US Dollar Index Futures was down 1.11% at 103.66.