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 2.54%

Published 03/02/2018, 08:25 am
© Reuters.  U.S. shares lower at close of trade; Dow Jones Industrial Average down 2.54%
US500
-
DJI
-
CVX
-
GS
-
MSI
-
XOM
-
MAT
-
CLX
-
PFE
-
WMT
-
FCX
-
NKE
-
IXIC
-
ACETQ
-
CHTR
-
ACTA
-
USAK
-
DJUSBM
-
DJUSEN
-
DJUSTC
-
CVOVQ
-
FBIN
-
VIX
-
TNFA
-
PI
-

Investing.com – U.S. equities were lower at the close on Friday, as losses in the Oil & Gas, Technology and Basic Materials sectors propelled shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 2.54%, while the S&P 500 index fell 2.12%, and the NASDAQ Composite index lost 1.96%.

The biggest gainers of the session on the Dow Jones Industrial Average were Pfizer Inc (NYSE:PFE), which fell 0.60% or 0.22 points to trade at 36.61 at the close. Nike Inc (NYSE:NKE) fell 0.64% or 0.43 points to end at 67.22 and Wal-Mart Stores Inc (NYSE:WMT) was down 0.99% or 1.04 points to 104.48 in late trade.

Biggest losers included Chevron Corporation (NYSE:CVX), which lost 5.57% or 6.99 points to trade at 118.58 in late trade. Exxon Mobil Corporation (NYSE:XOM) declined 5.10% or 4.54 points to end at 84.53 and Goldman Sachs Group Inc (NYSE:GS) shed 4.48% or 12.19 points to 260.04.

The top performers on the S&P 500 were Mattel Inc (NASDAQ:MAT) which rose 7.90% to 16.53, Motorola Solutions Inc (NYSE:MSI) which was up 4.79% to settle at 103.87 and Charter Communications Inc (NASDAQ:CHTR) which gained 4.33% to close at 387.25.

The worst performers were Freeport-McMoran Copper & Gold Inc (NYSE:FCX) which was down 7.61% to 17.97 in late trade, Fortune Brands Home & Security Inc (NYSE:FBHS) which lost 7.05% to settle at 64.90 and Clorox Company (NYSE:CLX) which was down 6.71% to 130.91 at the close.

The top performers on the NASDAQ Composite were Akers Biosciences Inc (NASDAQ:AKER) which rose 37.12% to 0.495, Actua Corp (NASDAQ:ACTA) which was up 28.79% to settle at 0.85 and USA Truck Inc (NASDAQ:USAK) which gained 24.45% to close at 24.99.

The worst performers were Cenveo Inc (NASDAQ:CVO) which was down 66.50% to 0.472 in late trade, Impinj Inc (NASDAQ:PI) which lost 46.81% to settle at 12.16 and Aceto Corporation (NASDAQ:ACET) which was down 27.41% to 7.92 at the close.

Declining stocks outnumbered rising ones by 2839 to 342 and 49 ended unchanged; on the Nasdaq Stock Exchange, 2130 fell and 420 advanced, while 109 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 27.39% to 17.16 a new 52-week high.

In commodities trading, Gold Futures for April delivery was down 1.05% or 14.10 to $1333.80 a troy ounce. Meanwhile, Crude oil for delivery in March fell 1.09% or 0.72 to hit $65.08 a barrel, while the April Brent oil contract fell 1.51% or 1.05 to trade at $68.60 a barrel.

EUR/USD was down 0.45% to 1.2458, while USD/JPY rose 0.69% to 110.17.

The US Dollar Index Futures was up 0.62% at 89.03.

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.