2 months ago
Stock Market

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 2.83%

Investing.com – U.S. stocks were lower after the close on Thursday, as losses in the Technology, Industrials and Basic Materials

Investing.com – U.S. stocks were lower after the close on Thursday, as losses in the Technology, Industrials and Basic Materials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average lost 2.83%, while the S&P 500 index lost 2.48%, and the NASDAQ Composite index declined 3.04%.

The best performers of the session on the Dow Jones Industrial Average were Verizon Communications Inc (NYSE:VZ), which rose 0.36% or 0.20 points to trade at 56.22 at the close. Meanwhile, Walmart Inc (NYSE:WMT) fell 0.51% or 0.48 points to end at 92.86 and Coca-Cola Company (NYSE:KO) was down 0.62% or 0.29 points to 46.64 in late trade.

The worst performers of the session were Apple Inc (NASDAQ:AAPL), which fell 9.96% or 15.73 points to trade at 142.19 at the close. Intel Corporation (NASDAQ:INTC) declined 5.50% or 2.59 points to end at 44.49 and United Technologies Corporation (NYSE:UTX) was down 4.45% or 4.82 points to 103.48.

The top performers on the S&P 500 were Celgene Corporation (NASDAQ:CELG) which rose 20.69% to 80.43, Incyte Corporation (NASDAQ:INCY) which was up 7.08% to settle at 68.06 and HCP Inc (NYSE:HCP) which gained 3.60% to close at 27.95.

The worst performers were Bristol-Myers Squibb Company (NYSE:BMY) which was down 13.26% to 45.12 in late trade, Skyworks Solutions Inc (NASDAQ:SWKS) which lost 10.65% to settle at 60.72 and Apple Inc (NASDAQ:AAPL) which was down 9.96% to 142.19 at the close.

The top performers on the NASDAQ Composite were Phunware Inc (NASDAQ:PHUN) which rose 87.07% to 26.68, Ohr Pharmaceuticals Inc (NASDAQ:OHRP) which was up 61.36% to settle at 0.177 and Histogenics Corp (NASDAQ:HSGX) which gained 50.08% to close at 0.184.

The worst performers were Aevi Genomic Medicine Inc (NASDAQ:GNMX) which was down 75.32% to 0.190 in late trade, Sesen Bio Inc (NASDAQ:SESN) which lost 36.74% to settle at 0.9299 and China Ceramics Co Ltd (NASDAQ:CCCL) which was down 26.98% to 1.3800 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1818 to 1243 and 79 ended unchanged; on the Nasdaq Stock Exchange, 1869 fell and 785 advanced, while 61 ended unchanged.

Shares in Bristol-Myers Squibb Company (NYSE:BMY) fell to 5-year lows; down 13.26% or 6.90 to 45.12. Shares in Skyworks Solutions Inc (NASDAQ:SWKS) fell to 52-week lows; falling 10.65% or 7.24 to 60.72. Shares in Apple Inc (NASDAQ:AAPL) fell to 52-week lows; falling 9.96% or 15.73 to 142.19. Shares in Apple Inc (NASDAQ:AAPL) fell to 52-week lows; down 9.96% or 15.73 to 142.19. Shares in Phunware Inc (NASDAQ:PHUN) rose to all time highs; gaining 87.07% or 12.42 to 26.68. Shares in Aevi Genomic Medicine Inc (NASDAQ:GNMX) fell to all time lows; losing 75.32% or 0.580 to 0.190.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 9.60% to 25.45.

Gold Futures for February delivery was up 0.93% or 12.00 to $1296.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 1.27% or 0.59 to hit $47.13 a barrel, while the March Brent oil contract rose 1.84% or 1.01 to trade at $55.92 a barrel.

EUR/USD was up 0.50% to 1.1399, while USD/JPY fell 1.28% to 107.47.

The US Dollar Index Futures was down 0.65% at 95.797.