US close: Reopening stocks lead indices higher
Wall Street stocks were in the green at the closing bell on Wednesday, with all three main indices enjoying a positive session.
At the close, the Dow Jones Industrial Average and the S&P 500 were both up 0.93%, at 34,137.31 and 4,173.42 respectively, while the Nasdaq Composite was 1.19% firmer at 13,950.22.
The Dow closed 316.01 points higher, reclaiming some of the losses recorded in the previous session.
On the macro front, total mortgage applications surged 8.6% week-on-week, according to the Mortgage Bankers Association, marking the first overall increase in weekly applications since the tail end of February.
The increase was mostly driven by a drop in the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances to 3.20% from 3.27%.
In equity markets, Netflix shares slumped 7.4% after the video streaming giant posted quarterly subscriber additions that fell well and truly short of estimates on the Street, as the pandemic-fuelled demand seemingly began to fade away.
Elsewhere on the corporate front, Verizon stock reversed earlier gains to close down 0.43% even after it topped first-quarter earnings and revenue expectations, while fast-food chain Chipotle was 1.6% weaker at the end of the session ahead of its post-close earnings report.
A handful of stocks tied to an economic reopening were also performing well, with United Airlines up about 3.1% after plunging 8.5% on Tuesday, while Norwegian Cruise Line jumped 10.32%, Carnival added 6.26% and Royal Caribbean advanced 4.47%.
Dow Jones - Risers
International Business Machines Corporation (CDI) (IBM) $143.55 3.90%
Dow Chemical Co. (DOW) $64.82 3.75%
Nike Inc. (NKE) $129.90 2.19%
Caterpillar Inc. (CAT) $232.46 2.12%
Visa Inc. (V) $227.45 1.87%
Intel Corp. (INTC) $63.70 1.59%
American Express Co. (AXP) $147.18 1.43%
Honeywell International Inc. (HON) $230.50 1.39%
Chevron Corp. (CVX) $102.73 1.38%
Walgreens Boots Alliance, Inc. (WBA) $54.05 1.33%
Dow Jones - Fallers
Procter & Gamble Co. (PG) $136.85 -0.65%
Verizon Communications Inc. (VZ) $58.12 -0.43%
McDonald's Corp. (MCD) $232.26 -0.32%
Amgen Inc. (AMGN) $258.78 -0.14%
Dowdupont Inc. (DWDP) $30.52 0.00%
Johnson & Johnson (JNJ) $166.59 0.07%
Walt Disney Co. (DIS) $183.11 0.18%
Cisco Systems Inc. (CSCO) $51.93 0.27%
Walmart Inc. (WMT) $141.20 0.29%
Apple Inc. (AAPL) $133.50 0.29%
S&P 500 - Risers
Dish Network Corp. (DISH) $40.94 10.98%
Norwegian Cruise Line Holdings Ltd (NCLH) $29.51 10.32%
Intuitive Surgical Inc. (ISRG) $891.38 9.90%
Discovery Inc. Class A (DISCA) $38.48 8.49%
Discovery Inc. Class C (DISCK) $32.33 7.05%
Carnival Corp. (CCL) $27.33 6.26%
Edwards Lifesciences Corp. (EW) $95.24 6.26%
TripAdvisor Inc. (TRIP) $50.39 6.08%
Nordstrom Inc. (JWN) $36.86 5.89%
Arconic Inc. (ARNC) $26.46 5.80%
S&P 500 - Fallers
Netflix Inc. (NFLX) $508.90 -7.40%
Halliburton Co. (HAL) $19.10 -3.58%
Oracle Corp. (ORCL) $76.66 -3.26%
NextEra Energy Inc. (NEE) $77.97 -3.18%
Wisconsin Energy Corp. (WEC) $97.28 -1.89%
AutoZone Inc. (AZO) $1,486.89 -1.80%
Chipotle Mexican Grill Inc. (CMG) $1,507.62 -1.60%
Activision Blizzard Inc. (ATVI) $93.18 -1.37%
Consolidated Edison Inc. (ED) $78.36 -1.25%
Biogen Inc (BIIB) $269.85 -1.23%
Nasdaq 100 - Risers
Dish Network Corp. (DISH) $40.94 10.98%
Intuitive Surgical Inc. (ISRG) $891.38 9.90%
Asml Holdings N.V. (ASML) $655.49 6.25%
Applied Materials Inc. (AMAT) $135.05 5.02%
Lam Research Corp. (LRCX) $641.25 4.60%
CSX Corp. (CSX) $102.69 4.31%
KLA-Tencor Corp. (KLAC) $331.79 4.04%
Trip.com Group Limited (TCOM) $38.05 3.93%
Wynn Resorts Ltd. (WYNN) $125.99 3.58%
Tesla Inc (TSLA) $744.12 3.50%
Nasdaq 100 - Fallers
Netflix Inc. (NFLX) $508.90 -7.40%
Activision Blizzard Inc. (ATVI) $93.18 -1.37%
Biogen Inc (BIIB) $269.85 -1.23%
J.B. Hunt Transport Services Inc. (JBHT) $166.78 -0.94%
Take-Two Interactive Software Inc. (TTWO) $176.45 -0.82%
Liberty Global plc Series C (LBTYK) $25.97 -0.61%
Liberty Global plc Series A (LBTYA) $26.03 -0.61%
O'Reilly Automotive Inc. (ORLY) $533.26 -0.56%
Cognizant Technology Solutions Corp. (CTSH) $79.25 -0.45%
Facebook Inc. (FB) $301.47 -0.39%