Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

U.S. shares lower at close of trade; Dow Jones Industrial Average down 2.13%

Published 12/10/2018, 07:25 am
© Reuters.  U.S. shares lower at close of trade; Dow Jones Industrial Average down 2.13%
US500
-
DJI
-
CVX
-
MSFT
-
SHLDQ
-
FLR
-
XOM
-
DD
-
PFE
-
BBWI
-
NEM
-
JEF
-
CVS
-
FCX
-
NKE
-
IXIC
-
NAUH
-
DJUSFN
-
DJUSTL
-
DJUSEN
-
VIX
-
CYTO
-
ATXI
-
FRGT
-
AMTBB
-

Investing.com – U.S. equities were lower at the close on Thursday, as losses in the Oil & Gas, Financials and Telecoms sectors propelled shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 2.13% to hit a new 1-month low, while the S&P 500 index lost 2.06%, and the NASDAQ Composite index fell 1.25%.

The biggest gainers of the session on the Dow Jones Industrial Average were Microsoft Corporation (NASDAQ:MSFT), which fell 0.24% or 0.25 points to trade at 105.91 at the close. DowDuPont Inc (NYSE:DWDP) fell 0.57% or 0.34 points to end at 58.98 and Nike Inc (NYSE:NKE) was down 0.57% or 0.43 points to 74.51 in late trade.

Biggest losers included Pfizer Inc (NYSE:PFE), which lost 3.82% or 1.70 points to trade at 42.81 in late trade. Exxon Mobil Corp (NYSE:XOM) declined 3.45% or 2.92 points to end at 81.60 and Chevron Corp (NYSE:CVX) shed 3.40% or 4.17 points to 118.43.

The top performers on the S&P 500 were Newmont Mining Corporation (NYSE:NEM) which rose 7.07% to 32.72, L Brands Inc (NYSE:LB) which was up 5.93% to settle at 30.21 and Freeport-McMoran Copper & Gold Inc (NYSE:FCX) which gained 3.60% to close at 13.23.

The worst performers were Fluor Corporation (NYSE:FLR) which was down 17.24% to 46.53 in late trade, CVS Health Corp (NYSE:CVS) which lost 7.26% to settle at 73.19 and Jefferies Financial Group Inc (NYSE:JEF) which was down 6.57% to 20.77 at the close.

The top performers on the NASDAQ Composite were Avenue Therapeutics Inc (NASDAQ:ATXI) which rose 60.48% to 3.37, Auris Medical Holding AG (NASDAQ:EARS) which was up 36.00% to settle at 0.680 and Mercantil Bank Holding Corp Class B (NASDAQ:MBNAB) which gained 21.57% to close at 7.44.

The worst performers were China Internet Nationwide Financial Services Inc (NASDAQ:CIFS) which was down 44.28% to 3.02 in late trade, Sears Holdings Corporation (NASDAQ:SHLD) which lost 29.70% to settle at 0.34 and National American University (NASDAQ:NAUH) which was down 13.97% to 0.727 at the close.

Declining stocks outnumbered rising ones by 2428 to 667 and 65 ended unchanged; on the Nasdaq Stock Exchange, 1908 fell and 733 advanced, while 83 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 7.71% to 24.73 a new 6-month high.

In commodities trading, Gold Futures for December delivery was up 2.87% or 34.20 to $1227.60 a troy ounce. Meanwhile, Crude oil for delivery in November fell 3.13% or 2.29 to hit $70.88 a barrel, while the December Brent oil contract fell 3.49% or 2.90 to trade at $80.19 a barrel.

EUR/USD was up 0.65% to 1.1597, while USD/JPY fell 0.17% to 112.09.

The US Dollar Index Futures was down 0.56% at 94.69.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.