The U.S. equity market moved higher during Wednesday's session, with the Dow Jones Industrial Average and S&P 500 closing at new all-time highs levels. The Nasdaq, however, was the big gainer on the day, adding better than 1 percent. Notable movers on the day included Microsoft Corporation (NASDAQ: MSFT), which reported solid fiscal Q4 results after the bell on Tuesday. The stock closed up over 5 percent to $55.91.
Big losers included a number of gold and silver mining companies, which coincided with moderate weakness in precious metals. Barrick Gold Corporation (NYSE: ABX) fell nearly 8 percent on heavier than usual volume to $19.91, finishing at new session lows. First Majestic Silver Corp (NYSE: AG) lost nearly 9.5 percent.
Major Averages
The Dow Jones Industrial Average added a modest 36 points to close at a new all-time high of 18,595.
The S&P 500 also made a new high after gaining a little better than 9 points, or 0.43 percent, to finish at 2,173.
The Nasdaq was the big winner on the day, climbing almost 54 points, or ...
/www.benzinga.com/news/16/07/8239884/wednesdays-market-wrap-major-averages-climb-nasdaq-adds-1 alt=Wednesday's Market Wrap: Major Averages Climb, Nasdaq Adds 1%>Full story available on Benzinga.com
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