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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.17%

Published 05/09/2023, 04:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.17%

Investing.com – U.S. stocks were lower after the close on Tuesday, as losses in the Basic Materials, Telecoms and Consumer Goods sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 0.17%, while the S&P 500 index declined 0.46%, and the NASDAQ Composite index declined 0.63%.

The best performers of the session on the Dow Jones Industrial Average were Boeing Co (NYSE:BA), which rose 2.33% or 4.60 points to trade at 201.86 at the close. Meanwhile, Salesforce Inc (NYSE:CRM) added 1.64% or 3.24 points to end at 201.14 and Home Depot Inc (NYSE:HD) was up 0.92% or 2.65 points to 290.58 in late trade.

The worst performers of the session were Intel Corporation (NASDAQ:INTC), which fell 2.18% or 0.67 points to trade at 30.10 at the close. 3M Company (NYSE:MMM) declined 1.50% or 1.54 points to end at 100.80 and Nike Inc (NYSE:NKE) was down 1.40% or 1.78 points to 125.10.

The top performers on the S&P 500 were Signature Bank (OTC:SBNY) which rose 25.52% to 0.12, DaVita HealthCare Partners Inc (NYSE:DVA) which was up 12.88% to settle at 100.70 and First Republic Bank (OTC:FRCB) which gained 11.54% to close at 0.43.

The worst performers were PayPal Holdings Inc (NASDAQ:PYPL) which was down 12.73% to 65.91 in late trade, DISH Network Corporation (NASDAQ:DISH) which lost 11.14% to settle at 6.46 and International Flavors & Fragrances Inc (NYSE:IFF) which was down 7.03% to 90.31 at the close.

The top performers on the NASDAQ Composite were SHENGFENG DEVELOPMENT Ltd (NASDAQ:SFWL) which rose 98.65% to 8.80, Mobiquity Technologies Inc (NASDAQ:MOBQ) which was up 74.97% to settle at 0.27 and ClearOne Inc (NASDAQ:CLRO) which gained 71.93% to close at 2.14.

The worst performers were Ohmyhome Ltd (NASDAQ:OMH) which was down 51.81% to 12.52 in late trade, Trevena Inc (NASDAQ:TRVN) which lost 43.09% to settle at 1.77 and SMX Security Matters Ord Shs Class A (NASDAQ:SMX) which was down 38.96% to 1.12 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1710 to 1219 and 110 ended unchanged; on the Nasdaq Stock Exchange, 1929 fell and 1649 advanced, while 159 ended unchanged.

Shares in PayPal Holdings Inc (NASDAQ:PYPL) fell to 5-year lows; down 12.73% or 9.61 to 65.91. Shares in DISH Network Corporation (NASDAQ:DISH) fell to 5-year lows; down 11.14% or 0.81 to 6.46. Shares in Salesforce Inc (NYSE:CRM) rose to 52-week highs; gaining 1.64% or 3.24 to 201.14. Shares in 3M Company (NYSE:MMM) fell to 5-year lows; losing 1.50% or 1.54 to 100.80. Shares in SHENGFENG DEVELOPMENT Ltd (NASDAQ:SFWL) rose to all time highs; gaining 98.65% or 4.37 to 8.80. Shares in ClearOne Inc (NASDAQ:CLRO) rose to 52-week highs; up 71.93% or 0.90 to 2.14.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 4.30% to 17.71.

Gold Futures for June delivery was up 0.45% or 9.15 to $2,042.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.48% or 0.35 to hit $73.51 a barrel, while the July Brent oil contract rose 0.30% or 0.23 to trade at $77.24 a barrel.

EUR/USD was unchanged 0.36% to 1.10, while USD/JPY rose 0.09% to 135.21.

The US Dollar Index Futures was up 0.26% at 101.42.

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