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U.S. shares lower at close of trade; Dow Jones Industrial Average down 1.31%

Published 24/07/2020, 07:25 am
© Reuters.  U.S. shares lower at close of trade; Dow Jones Industrial Average down 1.31%
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Investing.com – U.S. equities were lower at the close on Thursday, as losses in the Technology, Consumer Services and Healthcare sectors propelled shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 1.31%, while the S&P 500 index fell 1.23%, and the NASDAQ Composite index declined 2.29%.

The biggest gainers of the session on the Dow Jones Industrial Average were Cisco Systems Inc (NASDAQ:CSCO), which rose 1.09% or 0.51 points to trade at 47.41 at the close. Procter & Gamble Company (NYSE:PG) added 0.65% or 0.81 points to end at 126.16 and 3M Company (NYSE:MMM) was up 0.37% or 0.58 points to 159.29 in late trade.

Biggest losers included Apple Inc (NASDAQ:AAPL), which lost 4.55% or 17.71 points to trade at 371.38 in late trade. Microsoft Corporation (NASDAQ:MSFT) declined 4.35% or 9.21 points to end at 202.54 and Dow Inc (NYSE:DOW) shed 3.43% or 1.52 points to 42.82.

The top performers on the S&P 500 were Whirlpool Corporation (NYSE:WHR) which rose 7.99% to 158.63, Globe Life Inc (NYSE:GL) which was up 6.13% to settle at 80.32 and Hershey Company (NYSE:HSY) which gained 5.68% to close at 146.33.

The worst performers were Citrix Systems Inc (NASDAQ:CTXS) which was down 12.93% to 145.54 in late trade, Allegion PLC (NYSE:ALLE) which lost 8.10% to settle at 102.56 and Align Technology Inc (NASDAQ:ALGN) which was down 5.95% to 299.05 at the close.

The top performers on the NASDAQ Composite were Milestone Pharmaceuticals Inc (NASDAQ:MIST) which rose 166.77% to 8.91, Arbutus Biopharma Corp (NASDAQ:ABUS) which was up 119.86% to settle at 6.20 and RigNet Inc (NASDAQ:RNET) which gained 48.34% to close at 3.13.

The worst performers were Ascena Retail Group Inc (NASDAQ:ASNA) which was down 25.70% to 0.59 in late trade, Check Cap Ltd (NASDAQ:CHEK) which lost 20.01% to settle at 0.604 and 360 Finance Inc (NASDAQ:QFIN) which was down 19.61% to 13.61 at the close.

Declining stocks outnumbered rising ones by 1551 to 1292 and 85 ended unchanged; on the Nasdaq Stock Exchange, 1675 fell and 1030 advanced, while 68 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 7.24% to 26.08.

In commodities trading, Gold Futures for August delivery was up 1.04% or 19.40 to $1884.50 a troy ounce. Meanwhile, Crude oil for delivery in September fell 2.00% or 0.84 to hit $41.06 a barrel, while the September Brent oil contract rose 0.02% or 0.01 to trade at $43.34 a barrel.

EUR/USD was down 0.01% to 1.1593, while USD/JPY rose 0.02% to 106.87.

The US Dollar Index Futures was down 0.21% at 94.727.

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