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U.S. shares lower at close of trade; Dow Jones Industrial Average down 1.81%

Published 22/12/2018, 08:25 am
© Reuters.  U.S. shares lower at close of trade; Dow Jones Industrial Average down 1.81%
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Investing.com – U.S. equities were lower at the close on Friday, as losses in the Technology, Consumer Services and Industrials sectors propelled shares lower.

At the close in NYSE, the Dow Jones Industrial Average lost 1.81% to hit a new 52-week low, while the S&P 500 index declined 2.06%, and the NASDAQ Composite index fell 2.99%.

The biggest gainers of the session on the Dow Jones Industrial Average were Nike Inc (NYSE:NKE), which rose 7.17% or 4.84 points to trade at 72.37 at the close. McDonald’s Corporation (NYSE:MCD) added 0.27% or 0.47 points to end at 174.15 and Coca-Cola Company (NYSE:KO) was up 0.06% or 0.03 points to 47.57 in late trade.

Biggest losers included Goldman Sachs Group Inc (NYSE:GS), which lost 4.96% or 8.36 points to trade at 160.05 in late trade. American Express Company (NYSE:AXP) declined 4.64% or 4.44 points to end at 91.33 and Apple Inc (NASDAQ:AAPL) shed 3.89% or 6.10 points to 150.73.

The top performers on the S&P 500 were Nike Inc (NYSE:NKE) which rose 7.17% to 72.37, CarMax Inc (NYSE:KMX) which was up 3.95% to settle at 58.96 and Chesapeake Energy Corporation (NYSE:CHK) which gained 3.26% to close at 1.900.

The worst performers were Perrigo Co (NYSE:PRGO) which was down 29.28% to 37.03 in late trade, ConAgra Foods Inc (NYSE:CAG) which lost 8.77% to settle at 22.15 and Alexion Pharmaceuticals Inc (NASDAQ:ALXN) which was down 6.51% to 94.63 at the close.

The top performers on the NASDAQ Composite were Micronet Enertec Technologies Inc (NASDAQ:MICT) which rose 183.83% to 0.860, Obalon Therapeutics Inc (NASDAQ:OBLN) which was up 61.59% to settle at 2.65 and Smaaash Entertainment Inc (NASDAQ:SMSH) which gained 45.77% to close at 2.32.

The worst performers were Applied DNA Sciences Inc (NASDAQ:APDN) which was down 48.60% to 0.360 in late trade, Vascular Biogenics Ltd (NASDAQ:VBLT) which lost 41.18% to settle at 0.600 and Nova Lifestyle I (NASDAQ:NVFY) which was down 40.26% to 0.460 at the close.

Declining stocks outnumbered rising ones by 2413 to 680 and 67 ended unchanged; on the Nasdaq Stock Exchange, 2092 fell and 571 advanced, while 66 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 6.10% to 30.11 a new 6-month high.

In commodities trading, Gold Futures for February delivery was down 0.73% or 9.30 to $1258.60 a troy ounce. Meanwhile, Crude oil for delivery in February fell 1.05% or 0.48 to hit $45.40 a barrel, while the February Brent oil contract fell 1.56% or 0.85 to trade at $53.50 a barrel.

EUR/USD was down 0.75% to 1.1360, while USD/JPY rose 0.03% to 111.31.

The US Dollar Index Futures was up 0.84% at 96.532.

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