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

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.08%

Published 08/02/2018, 08:25 am
Updated 08/02/2018, 09:19 am
U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.08%
EUR/USD
-
USD/JPY
-
XAU/USD
-
US500
-
DJI
-
BA
-
MSFT
-
MCHP
-
WYNN
-
AAPL
-
CGRNQ
-
XL_old
-
XOM
-
WMT
-
RTX
-
CHK
-
HAS
-
DX
-
GC
-
LCO
-
CL
-
CMG
-
IXIC
-
WLBAQ
-
DJUSBM
-
DJUSEN
-
DJUSTC
-
MTSI
-
RMGN
-
VIX
-
TGHI
-
LTRPB
-

Investing.com – U.S. stocks were lower after the close on Wednesday, as losses in the Oil & Gas, Technology and Basic Materials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 0.08%, while the S&P 500 index fell 0.50%, and the NASDAQ Composite index lost 0.90%.

The best performers of the session on the Dow Jones Industrial Average were Boeing Co (NYSE:BA), which rose 2.11% or 7.21 points to trade at 348.12 at the close. Meanwhile, Wal-Mart Stores Inc (NYSE:WMT) added 1.93% or 1.95 points to end at 102.85 and United Technologies Corporation (NYSE:UTX) was up 1.66% or 2.16 points to 131.97 in late trade.

The worst performers of the session were Apple Inc (NASDAQ:AAPL), which fell 2.14% or 3.49 points to trade at 159.54 at the close. Microsoft Corporation (NASDAQ:MSFT) declined 1.88% or 1.72 points to end at 89.61 and Exxon Mobil Corporation (NYSE:XOM) was down 1.80% or 1.41 points to 76.94.

The top performers on the S&P 500 were XL Group Ltd (NYSE:XL) which rose 12.48% to 42.00, Hasbro Inc (NASDAQ:HAS) which was up 8.83% to settle at 102.22 and Wynn Resorts Limited (NASDAQ:WYNN) which gained 8.64% to close at 177.32.

The worst performers were Chipotle Mexican Grill Inc (NYSE:CMG) which was down 10.55% to 272.21 in late trade, Microchip Technology Incorporated (NASDAQ:MCHP) which lost 9.80% to settle at 82.91 and Chesapeake Energy Corporation (NYSE:CHK) which was down 7.67% to 2.890 at the close.

The top performers on the NASDAQ Composite were RMG Networks Holding Corp (NASDAQ:RMGN) which rose 34.67% to 1.0900, Capstone Turbine Corp (NASDAQ:CPST) which was up 28.57% to settle at 0.927 and Liberty Tripadvisor Holdings Inc (NASDAQ:LTRPB) which gained 27.17% to close at 11.00.

The worst performers were MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) which was down 36.73% to 19.210 in late trade, One Horizon Group Inc (NASDAQ:OHGI) which lost 31.41% to settle at 1.4129 and Westmoreland Coal Company (NASDAQ:WLB) which was down 24.16% to 0.79 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 1590 to 1512 and 119 ended unchanged; on the Nasdaq Stock Exchange, 1379 rose and 1179 declined, while 107 ended unchanged.

Shares in Chesapeake Energy Corporation (NYSE:CHK) fell to 52-week lows; losing 7.67% or 0.240 to 2.890. Shares in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) fell to 3-years lows; losing 36.73% or 11.150 to 19.210. Shares in Westmoreland Coal Company (NASDAQ:WLB) fell to 5-year lows; falling 24.16% or 0.25 to 0.79.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 11.11% to 26.65.

Gold Futures for April delivery was down 0.74% or 9.80 to $1319.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 2.90% or 1.84 to hit $61.55 a barrel, while the April Brent oil contract fell 2.36% or 1.58 to trade at $65.28 a barrel.

EUR/USD was down 0.85% to 1.2271, while USD/JPY fell 0.08% to 109.46.

The US Dollar Index Futures was up 0.69% at 90.14.

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.