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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.11%

Published 04/12/2023, 04:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.11%

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

At the close in NYSE, the Dow Jones Industrial Average declined 0.11%, while the S&P 500 index fell 0.41%, and the NASDAQ Composite index fell 0.85%.

The best performers of the session on the Dow Jones Industrial Average were Dow Inc (NYSE:DOW), which rose 1.25% or 0.70 points to trade at 56.89 at the close. Meanwhile, Merck & Company Inc (NYSE:MRK) added 1.12% or 1.26 points to end at 113.75 and Goldman Sachs Group Inc (NYSE:GS) was up 0.88% or 2.87 points to 330.24 in late trade.

The worst performers of the session were Walt Disney Company (NYSE:DIS), which fell 2.47% or 2.48 points to trade at 97.94 at the close. Walgreens Boots Alliance Inc (NASDAQ:WBA) declined 1.71% or 0.62 points to end at 35.69 and American Express Company (NYSE:AXP) was down 1.57% or 2.54 points to 159.29.

The top performers on the S&P 500 were Signature Bank (OTC:SBNY) which rose 5.70% to 0.15, Bio-Techne Corp (NASDAQ:TECH) which was up 4.40% to settle at 81.22 and Fortive Corp (NYSE:FTV) which gained 2.72% to close at 66.82.

The worst performers were DISH Network Corporation (NASDAQ:DISH) which was down 9.42% to 8.08 in late trade, American Airlines Group (NASDAQ:AAL) which lost 9.22% to settle at 13.00 and Gap Inc (NYSE:GPS) which was down 7.17% to 9.58 at the close.

The top performers on the NASDAQ Composite were National CineMedia Inc (NASDAQ:NCMI) which rose 114.60% to 0.44, T Stamp Inc (NASDAQ:IDAI) which was up 100.00% to settle at 3.82 and Guardforce AI Co Ltd (NASDAQ:GFAI) which gained 88.72% to close at 31.12.

The worst performers were Virgin Orbit Holdings Inc (NASDAQ:VORB) which was down 34.83% to 0.08 in late trade, VBI Vaccines Inc (NASDAQ:VBIV) which lost 29.68% to settle at 3.27 and Cutera Inc (NASDAQ:CUTR) which was down 28.19% to 19.44 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1600 to 1363 and 97 ended unchanged; on the Nasdaq Stock Exchange, 2293 fell and 1283 advanced, while 171 ended unchanged.

Shares in DISH Network Corporation (NASDAQ:DISH) fell to 5-year lows; losing 9.42% or 0.84 to 8.08. Shares in Virgin Orbit Holdings Inc (NASDAQ:VORB) fell to all time lows; down 34.83% or 0.04 to 0.08. Shares in VBI Vaccines Inc (NASDAQ:VBIV) fell to 5-year lows; falling 29.68% or 1.38 to 3.27. Shares in Cutera Inc (NASDAQ:CUTR) fell to 52-week lows; down 28.19% or 7.63 to 19.44.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 0.05% to 19.09.

Gold Futures for June delivery was up 0.51% or 10.20 to $2,029.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 2.11% or 1.72 to hit $83.25 a barrel, while the June Brent oil contract rose 1.89% or 1.62 to trade at $87.23 a barrel.

EUR/USD was up 0.72% to 1.10, while USD/JPY fell 0.35% to 133.18.

The US Dollar Index Futures was down 0.65% at 101.22.

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