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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.38%

Published 01/27/2016, 04:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.38%

Investing.com – U.S. stocks were lower after the close on Wednesday, as losses in the Technology, Consumer Services and Healthcare sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 1.38%, while the S&P 500 index lost 1.09%, and the NASDAQ Composite index declined 2.18%.

The best performers of the session on the Dow Jones Industrial Average were Verizon Communications Inc (N:VZ), which rose 1.62% or 0.78 points to trade at 49.03 at the close. Meanwhile, Johnson & Johnson (N:JNJ) added 0.97% or 0.98 points to end at 102.16 and 3M Company (N:MMM) was up 0.53% or 0.77 points to 145.55 in late trade.

The worst performers of the session were Boeing Company (N:BA), which fell 8.93% or 11.43 points to trade at 116.58 at the close. Apple Inc (O:AAPL) declined 6.55% or 6.55 points to end at 93.44 and EI du Pont de Nemours and Company (N:DD) was down 3.74% or 2.00 points to 51.46.

The top performers on the S&P 500 were Freeport-McMoran Copper & Gold Inc (N:FCX) which rose 10.71% to 4.65, CONSOL Energy Inc (N:CNX) which was up 7.52% to settle at 6.72 and Hess Corporation (N:HES) which gained 5.86% to close at 36.85.

The worst performers were Total System Services Inc (N:TSS) which was down 14.74% to 39.22 in late trade, Textron Inc (N:TXT) which lost 13.36% to settle at 32.69 and Boeing Company (N:BA) which was down 8.93% to 116.58 at the close.

The top performers on the NASDAQ Composite were Cesca Therapeutics Inc (O:KOOL) which rose 132.91% to 0.310, Seanergy Maritime Holdings Corp (O:SHIP) which was up 83.15% to settle at 4.945 and Amedica Cor (O:AMDA) which gained 42.44% to close at 1.950.

The worst performers were Moko Social (O:MOKO) which was up 31.43% to 0.46 in late trade, TOP SHIPS Inc (O:TOPS) which lost 18.37% to settle at 0.260 and Axsome Therapeutics Inc (O:AXSM) which was down 17.43% to 9.57 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2107 to 1296 and 8 ended unchanged; on the Nasdaq Stock Exchange, 1815 fell and 771 advanced, while 60 ended unchanged.

Shares in Textron Inc (N:TXT) fell to 52-week lows; falling 13.36% or 5.04 to 32.69. Shares in Boeing Company (N:BA) fell to 52-week lows; down 8.93% or 11.43 to 116.58. Shares in Boeing Company (N:BA) fell to 52-week lows; losing 8.93% or 11.43 to 116.58. Shares in Apple Inc (O:AAPL) fell to 52-week lows; losing 6.55% or 6.55 to 93.44. Shares in Moko Social (O:MOKO) rose to all time lows; up 31.43% or 0.11 to 0.46.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 2.31% to 23.02.

Gold for February delivery was up 0.39% or 4.40 to $1124.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 1.73% or 0.55 to hit $32.00 a barrel, while the April Brent oil contract rose 3.42% or 1.11 to trade at $33.69 a barrel.

EUR/USD was up 0.20% to 1.0893, while USD/JPY rose 0.19% to 118.64.

The US Dollar Index was down 0.06% at 99.02.

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