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U.S. shares lower at close of trade; Dow Jones Industrial Average down 2.83%

Published 04/01/2019, 08:25 am
© Reuters.  U.S. shares lower at close of trade; Dow Jones Industrial Average down 2.83%
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Investing.com – U.S. equities were lower at the close on Thursday, as losses in the Technology, Industrials and Basic Materials sectors propelled shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 2.83%, while the S&P 500 index declined 2.48%, and the NASDAQ Composite index lost 3.04%.

The biggest gainers of the session on the Dow Jones Industrial Average were Verizon Communications Inc (NYSE:VZ), which rose 0.36% or 0.20 points to trade at 56.22 at the close. Walmart Inc (NYSE:WMT) fell 0.51% or 0.48 points to end at 92.86 and Coca-Cola Company (NYSE:KO) was down 0.62% or 0.29 points to 46.64 in late trade.

Biggest losers included Apple Inc (NASDAQ:AAPL), which lost 9.96% or 15.73 points to trade at 142.19 in late trade. Intel Corporation (NASDAQ:INTC) declined 5.50% or 2.59 points to end at 44.49 and United Technologies Corporation (NYSE:UTX) shed 4.45% or 4.82 points to 103.48.

The top performers on the S&P 500 were Celgene Corporation (NASDAQ:CELG) which rose 20.69% to 80.43, Incyte Corporation (NASDAQ:INCY) which was up 7.08% to settle at 68.06 and HCP Inc (NYSE:HCP) which gained 3.60% to close at 27.95.

The worst performers were Bristol-Myers Squibb Company (NYSE:BMY) which was down 13.26% to 45.12 in late trade, Skyworks Solutions Inc (NASDAQ:SWKS) which lost 10.65% to settle at 60.72 and Apple Inc (NASDAQ:AAPL) which was down 9.96% to 142.19 at the close.

The top performers on the NASDAQ Composite were Phunware Inc (NASDAQ:PHUN) which rose 87.07% to 26.68, Ohr Pharmaceuticals Inc (NASDAQ:OHRP) which was up 61.36% to settle at 0.177 and Histogenics Corp (NASDAQ:HSGX) which gained 50.08% to close at 0.184.

The worst performers were Aevi Genomic Medicine Inc (NASDAQ:GNMX) which was down 75.32% to 0.190 in late trade, Sesen Bio Inc (NASDAQ:SESN) which lost 36.74% to settle at 0.9299 and China Ceramics Co Ltd (NASDAQ:CCCL) which was down 26.98% to 1.3800 at the close.

Declining stocks outnumbered rising ones by 1818 to 1243 and 79 ended unchanged; on the Nasdaq Stock Exchange, 1869 fell and 785 advanced, while 61 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 9.60% to 25.45.

In commodities trading, Gold Futures for February delivery was up 0.93% or 12.00 to $1296.10 a troy ounce. Meanwhile, Crude oil for delivery in February rose 1.33% or 0.62 to hit $47.16 a barrel, while the March Brent oil contract rose 1.88% or 1.03 to trade at $55.94 a barrel.

EUR/USD was up 0.50% to 1.1399, while USD/JPY fell 1.28% to 107.47.

The US Dollar Index Futures was down 0.65% at 95.797.

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