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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.22%

Published 06/07/2024, 04:30 PM
Updated 06/07/2024, 04:31 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.22%
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Investing.com – U.S. stocks were lower after the close on Friday, as losses in the Utilities, Basic Materials and Telecoms sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average lost 0.22%, while the S&P 500 index declined 0.11%, and the NASDAQ Composite index fell 0.25%.

The best performers of the session on the Dow Jones Industrial Average were 3M Company (NYSE:MMM), which rose 2.69% or 2.64 points to trade at 100.86 at the close. Meanwhile, JPMorgan Chase & Co (NYSE:JPM) added 1.54% or 3.04 points to end at 199.95 and Travelers Companies (NYSE:TRV) was up 1.54% or 3.24 points to 212.95 in late trade.

The worst performers of the session were Unitedhealth Group (NYSE:UNH), which fell 2.24% or 11.23 points to trade at 490.69 at the close. Walmart Inc (NYSE:WMT) declined 1.89% or 1.27 points to end at 65.88 and McDonald’s Corporation (NYSE:MCD) was down 1.73% or 4.51 points to 256.21.

The top performers on the S&P 500 were Air Products and Chemicals Inc (NYSE:APD) which rose 3.64% to 279.53, Abbott Laboratories (NYSE:ABT) which was up 3.17% to settle at 107.58 and Las Vegas Sands Corp (NYSE:LVS) which gained 3.12% to close at 45.02.

The worst performers were Enphase Energy Inc (NASDAQ:ENPH) which was down 7.22% to 122.75 in late trade, Newmont Goldcorp Corp (NYSE:NEM) which lost 5.04% to settle at 40.36 and Sherwin-Williams Co (NYSE:SHW) which was down 3.98% to 291.95 at the close.

The top performers on the NASDAQ Composite were Volcon Inc (NASDAQ:VLCN) which rose 7,271.43% to 10.32, STRATA Skin Sciences Inc (NASDAQ:SSKN) which was up 936.54% to settle at 3.12 and CEA Industries Inc (NASDAQ:CEAD) which gained 891.86% to close at 6.70.

The worst performers were Biomea Fusion Inc (NASDAQ:BMEA) which was down 63.27% to 4.14 in late trade, Blue World Acquisition Corp (NASDAQ:BWAQ) which lost 28.79% to settle at 7.10 and Seres Therapeutics Inc (NASDAQ:MCRB) which was down 28.03% to 0.61 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2059 to 776 and 99 ended unchanged; on the Nasdaq Stock Exchange, 2355 fell and 979 advanced, while 141 ended unchanged.

Shares in Volcon Inc (NASDAQ:VLCN) rose to all time lows; rising 7,271.43% or 10.18 to 10.32. Shares in Biomea Fusion Inc (NASDAQ:BMEA) fell to 52-week lows; falling 63.27% or 7.13 to 4.14. Shares in Blue World Acquisition Corp (NASDAQ:BWAQ) fell to all time lows; losing 28.79% or 2.87 to 7.10.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 2.86% to 12.22.

Gold Futures for August delivery was down 3.43% or 82.10 to $2,308.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.34% or 0.26 to hit $75.29 a barrel, while the August Brent oil contract fell 0.60% or 0.48 to trade at $79.39 a barrel.

EUR/USD was down 0.80% to 1.08, while USD/JPY rose 0.74% to 156.75.

The US Dollar Index Futures was up 0.81% at 104.90.

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