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28.02.202304:26 Forex Analysis & Reviews: US stocks close higher, Dow Jones gains 0.22%

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Exchange Rates 28.02.2023 analysis

At the close of the New York Stock Exchange, the Dow Jones rose 0.22%, the S&P 500 gained 0.31% and the NASDAQ Composite rose 0.63%.

Investors remain wary of more hawkish action from the US Fed amid high inflation, which recent data showed is slowing down at a slower-than-expected pace.

Caterpillar Inc was the top performer among the components of the Dow Jones index today, up 3.81 points or 1.61% to close at 239.98. Quotes of Boeing Co rose by 2.31 points (1.17%), ending trading at 200.46. JPMorgan Chase & Co rose 1.23 points or 0.87% to close at 142.16.

The least gainers were Walgreens Boots Alliance Inc, which shed 0.41 points or 1.15% to end the session at 35.39. Intel Corporation was up 0.95% or 0.24 points to close at 24.90, while Walmart Inc was down 0.72% or 1.03 points to close at 141.44. .

Leading gainers among the S&P 500 index components in today's trading were Union Pacific Corporation, which rose 10.09% to 212.17, Enphase Energy Inc, which gained 5.94% to close at 210.78, and also shares of SolarEdge Technologies Inc, which rose 5.89% to end the session at 313.63.

The least gainers were DISH Network Corporation, which shed 8.06% to close at 12.20. Shares of Lumen Technologies Inc shed 4.49% to end the session at 3.40. Quotes of Charles Schwab Corp fell in price by 3.37% to 77.88.

Leading gainers among the components of the NASDAQ Composite in today's trading were Lucira Health Inc, which rose 264.29% to hit 0.51, ContraFect Corp, which gained 52.90% to close at 4.74, and shares of Blackboxstocks Inc, which rose 47.27% to end the session at 0.81.

The least gainers were Mount Rainier Acquisition Corp, which shed 46.22% to close at 5.05. Shares of Smith Micro Software Inc lost 36.40% to end the session at 1.59. Quotes of Apexigen Inc decreased in price by 33.22% to 0.87.

On the New York Stock Exchange, the number of securities that rose in price (1813) exceeded the number of those that closed in the red (1217), and quotes of 95 shares remained practically unchanged. On the NASDAQ stock exchange, 2042 companies rose in price, 1656 fell, and 197 remained at the level of the previous close.

The CBOE Volatility Index, which is based on S&P 500 options trading, fell 3.32% to 20.95.

Gold futures for April delivery added 0.39%, or 7.05, to hit $1.00 a troy ounce. In other commodities, WTI April futures fell 0.72%, or 0.55, to $75.77 a barrel. Futures for Brent crude for May delivery fell 0.86%, or 0.71, to $82.11 a barrel.

Meanwhile, on the Forex market, EUR/USD rose 0.59% to hit 1.06, while USD/JPY shed 0.17% to hit 136.23.

Futures on the USD index fell 0.52% to 104.61.

Thomas Frank
Analytical expert of InstaForex
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