US stocks close higher as Dow adds 225 points

US stocks rose at the close on Nov. 5, as investor concerns about technology valuations eased, while the Supreme Court questioned the legality of tariffs imposed by the Trump administration.

The Dow Jones Industrial Average added 0.48%, or 225 points, to close at 47,311 points. The S&P 500 rose 0.37%, or 24 points, to 6,796 points, and the Nasdaq Composite gained 0.65%, or 151 points, to 23,499 points, recovering part of the 486-point loss from the previous session.

Across the Atlantic, the Stoxx Europe 600 rose 0.23% to 571.9 points after falling near 570 points during a volatile session. The UK’s FTSE 100 gained 0.64% to 9,777 points, and Germany’s DAX rose 0.42% to 24,049 points, while France’s CAC 40 was flat at 8,074 points.

In Japan, the Nikkei 225 fell 2.5% to 50,212 points, while the broader Topix index declined 1.25% to 3,268 points.

In the oil market, futures contracts for Brent crude for January delivery lost 1.43%, or $0.92, to $63.52 per barrel.

Meanwhile, prices of West Texas Intermediate (WTI) crude oil for December delivery fell 1.59%, or $0.96, to $59.60 per barrel.

As for gold, futures prices for the yellow metal for December delivery inched up 0.8%, or $32.4, to $3,992.90 per ounce.

The ADP monthly report showed that the US private sector added 42,000 jobs in October, compared to expectations of 22,000, limiting hopes that the Federal Reserve will cut interest rates in its upcoming December meeting.

Justices of the US Supreme Court expressed skepticism during a hearing today regarding the legal basis used by President Donald Trump to impose broad tariffs on countries around the world.