An early-morning rally on Wall Street lost steam toward the end of the session, with the main indexes closing only modestly higher on Thursday.
U.S. stocks rallied in early session echoing big gains in global equity markets, on what appeared to be a “risk-off day” when investors sold havens such as Treasuries and piled into riskier assets such as stocks and commodities.
Trading on Thursday was much more muted with volumes slightly lower than usual, a day after Wall Street trading session was marked by a 3 1/2-hour halt on the New York Stock Exchange due to a technical issue.
The S&P 500 SPX, +0.23% closed 4.61 points, or 0.2%, higher at 2,051.31. The Dow Jones Industrial Average DJIA, +0.19% relinquished most of a 260-point gain, ending 33.20 points, or 0.2%, higher at 17,548.62. The Nasdaq Composite COMP, +0.26% ended the day with a gain of 12.64 points, or 0.3% at 4,922.40.
Citigroup Inc (NYSE:C) reported the gain of 1.74% and closed at $53.72 with the total traded volume of 23.54 million shares. Its market capitalization is $160.20 billion. The stock has a 52-week high price of $57.64 and its 52-week low was recorded at $46.55. Citigroup Inc (NYSE:C) was named “Best Global Bank” for 2015 by Euromoney, the preeminent global financial markets magazine, at its yearly Awards for Excellence dinner in London. The top award of the evening was one of 13 won by Citi, which also included the Best Global Emerging Market Investment Bank.
Freeport-McMoRan Inc (NYSE:FCX) advanced 1.64% and ended at $16.77. The total traded volume was 17.84 million shares and market capitalization arrived at $17.15 billion. The stock has a 52-week high price of $39.32 and its 52-week low was recorded at $16.00, while during last trade its minimum price was $16.76 and it gained the highest price of $17.34. Freeport-McMoRan Inc (NYSE:FCX) reported a cash dividend of $0.1605 per share payable on August 3, 2015 to holders of record as of July 15, 2015 for its common stock. The August 2015 common stock dividend consists of $0.05 per share for FCX’s regular quarterly dividend and $0.1105 per share as a special dividend related to the formerly declared settlement of the stockholder derivative litigation approved by the Delaware Court of Chancery in April 2015.
MGM Resorts International (NYSE:MGM) reported the increase of 1.54% to close at $17.84 with the overall traded volume of 11.14 million shares. Its market capitalization on last close reached to $9.89 billion. The company has the total of 563.04 million outstanding shares. MGM Resorts International (NYSE:MGM) Along with its subsidiaries, owns and/or operates casino resorts. It works through two segments, Wholly Owned Domestic Resorts and MGM China. The company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. Its casino operations include slots, table games, and race and sports book wagering.
Baxter International Inc (NYSE:BAX) increased 1.42% settle at $37.02. Its total traded volume during last trading session was 10.39 million shares. The overall market worth of this company is about 19.87 billion. The 52 week range of the stock remained $36.40 – $77.31, while its day’s lowest price was $36.73 and its hit its day’s highest price at $37.09. Baxter International Inc (NYSE:BAX) will host a quarterly conference call to discuss its 2ndquarter 2015 financial results on July 29, 2015, at 4:00 p.m. Central Time. To access the call, dial 844.471.1702 (dom) or 225.239.4663 (int’l). Please dial into the call at least ten minutes prior to the start of the call for the operator to connect you. The Conference ID is 74585626.