3 months ago
Stock Market

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.49%

Investing.com – U.S. stocks were lower after the close on Wednesday, as losses in the Technology, Consumer Services and Industrials

Investing.com – U.S. stocks were lower after the close on Wednesday, as losses in the Technology, Consumer Services and Industrials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average lost 1.49% to hit a new 52-week low, while the S&P 500 index lost 1.54%, and the NASDAQ Composite index declined 2.17%.

The best performers of the session on the Dow Jones Industrial Average were Verizon Communications Inc (NYSE:VZ), which rose 0.38% or 0.21 points to trade at 55.86 at the close. Meanwhile, The Travelers Companies Inc (NYSE:TRV) fell 0.12% or 0.14 points to end at 119.16 and International Business Machines (NYSE:IBM) was down 0.19% or 0.22 points to 116.43 in late trade.

The worst performers of the session were Intel Corporation (NASDAQ:INTC), which fell 4.55% or 2.17 points to trade at 45.57 at the close. Apple Inc (NASDAQ:AAPL) declined 3.12% or 5.18 points to end at 160.89 and Nike Inc (NYSE:NKE) was down 3.06% or 2.18 points to 68.97.

The top performers on the S&P 500 were General Electric Company (NYSE:GE) which rose 5.36% to 7.66, General Mills Inc (NYSE:GIS) which was up 5.04% to settle at 38.55 and American International Group Inc (NYSE:AIG) which gained 4.74% to close at 39.34.

The worst performers were FedEx Corporation (NYSE:FDX) which was down 12.16% to 162.51 in late trade, Micron Technology Inc (NASDAQ:MU) which lost 7.92% to settle at 31.41 and Facebook Inc (NASDAQ:FB) which was down 7.25% to 133.25 at the close.

The top performers on the NASDAQ Composite were Marin Software Inc (NASDAQ:MRIN) which rose 78.76% to 6.650, China Automotive Systems Inc (NASDAQ:CAAS) which was up 42.06% to settle at 3.040 and Evine Live Inc (NASDAQ:EVLV) which gained 41.85% to close at 0.558.

The worst performers were Surface Oncology Inc (NASDAQ:SURF) which was down 47.50% to 3.89 in late trade, Biocept Inc (NASDAQ:BIOC) which lost 29.82% to settle at 0.800 and Toughbuilt Industries Inc (NASDAQ:TBLT) which was down 24.00% to 1.14 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2229 to 837 and 98 ended unchanged; on the Nasdaq Stock Exchange, 1990 fell and 661 advanced, while 63 ended unchanged.

Shares in FedEx Corporation (NYSE:FDX) fell to 52-week lows; losing 12.16% or 22.50 to 162.51. Shares in Micron Technology Inc (NASDAQ:MU) fell to 52-week lows; down 7.92% or 2.70 to 31.41. Shares in The Travelers Companies Inc (NYSE:TRV) fell to 52-week lows; down 0.12% or 0.14 to 119.16. Shares in Surface Oncology Inc (NASDAQ:SURF) fell to all time lows; down 47.50% or 3.52 to 3.89. Shares in Toughbuilt Industries Inc (NASDAQ:TBLT) fell to all time lows; down 24.00% or 0.36 to 1.14.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 0.27% to 25.51.

Gold Futures for February delivery was down 0.60% or 7.50 to $1246.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 1.57% or 0.73 to hit $47.33 a barrel, while the February Brent oil contract rose 0.34% or 0.19 to trade at $56.45 a barrel.

EUR/USD was up 0.07% to 1.1370, while USD/JPY rose 0.09% to 112.62.

The US Dollar Index Futures was down 0.04% at 96.535.