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U.S. shares lower at close of trade; Dow Jones Industrial Average down 1.90%

Published 03/04/2018, 06:25 am
© Reuters.  U.S. shares lower at close of trade; Dow Jones Industrial Average down 1.90%
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Investing.com – U.S. equities were lower at the close on Monday, as losses in the Consumer Services, Technology and Consumer Goods sectors propelled shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 1.90%, while the S&P 500 index declined 2.23%, and the NASDAQ Composite index fell 2.74%.

The biggest gainers of the session on the Dow Jones Industrial Average were UnitedHealth Group Incorporated (NYSE:UNH), which rose 1.50% or 3.20 points to trade at 217.20 at the close. McDonald’s Corporation (NYSE:MCD) added 0.86% or 1.34 points to end at 157.72 and Apple Inc (NASDAQ:AAPL) was down 0.66% or 1.10 points to 166.68 in late trade.

Biggest losers included Intel Corporation (NASDAQ:INTC), which lost 6.07% or 3.16 points to trade at 48.92 in late trade. Cisco Systems Inc (NASDAQ:CSCO) declined 4.38% or 1.88 points to end at 41.01 and Walmart Inc (NYSE:WMT) shed 3.84% or 3.42 points to 85.55.

The top performers on the S&P 500 were Humana Inc (NYSE:HUM) which rose 4.42% to 280.70, UnitedHealth Group Incorporated (NYSE:UNH) which was up 1.50% to settle at 217.20 and Scana Corporation (NYSE:SCG) which gained 1.30% to close at 38.04.

The worst performers were Alaska Air Group Inc (NYSE:ALK) which was down 6.79% to 57.75 in late trade, Concho Resources Inc (NYSE:CXO) which lost 6.59% to settle at 140.42 and Signet Jewelers Ltd (NYSE:SIG) which was down 6.33% to 36.08 at the close.

The top performers on the NASDAQ Composite were Sellas Life Sciences Group Inc (NASDAQ:SLS) which rose 150.72% to 8.6500, Orexigen Therapeutics Inc (NASDAQ:OREX) which was up 62.71% to settle at 0.340 and Wecast Network Inc (NASDAQ:SSC) which gained 22.07% to close at 2.600.

The worst performers were Reshape Lifesciences Inc (NASDAQ:RSLS) which was down 55.86% to 0.6400 in late trade, SORL Auto Parts Inc (NASDAQ:SORL) which lost 23.35% to settle at 4.990 and Alkermes Plc (NASDAQ:ALKS) which was down 21.96% to 45.23 at the close.

Declining stocks outnumbered rising ones by 2507 to 615 and 89 ended unchanged; on the Nasdaq Stock Exchange, 2086 fell and 502 advanced, while 77 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 17.53% to 23.47.

In commodities trading, Gold Futures for June delivery was up 1.39% or 18.50 to $1345.80 a troy ounce. Meanwhile, Crude oil for delivery in May fell 2.80% or 1.82 to hit $63.12 a barrel, while the June Brent oil contract fell 2.25% or 1.56 to trade at $67.78 a barrel.

EUR/USD was down 0.15% to 1.2302, while USD/JPY fell 0.33% to 105.93.

The US Dollar Index Futures was down 0.06% at 89.70.

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