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 0.33%

Published 04/20/2023, 04:25 PM
U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.33%

Investing.com – U.S. stocks were lower after the close on Thursday, as losses in the Telecoms, Consumer Goods and Oil & Gas sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average lost 0.33%, while the S&P 500 index fell 0.60%, and the NASDAQ Composite index declined 0.80%.

The best performers of the session on the Dow Jones Industrial Average were Walgreens Boots Alliance Inc (NASDAQ:WBA), which rose 1.55% or 0.54 points to trade at 35.37 at the close. Meanwhile, Visa Inc Class A (NYSE:V) added 0.87% or 2.03 points to end at 234.60 and Johnson & Johnson (NYSE:JNJ) was up 0.65% or 1.05 points to 163.58 in late trade.

The worst performers of the session were Verizon Communications Inc (NYSE:VZ), which fell 3.65% or 1.41 points to trade at 37.19 at the close. Cisco Systems Inc (NASDAQ:CSCO) declined 3.04% or 1.46 points to end at 46.58 and The Travelers Companies Inc (NYSE:TRV) was down 1.81% or 3.31 points to 179.26.

The top performers on the S&P 500 were Snap-On Inc (NYSE:SNA) which rose 7.97% to 258.89, Lam Research Corp (NASDAQ:LRCX) which was up 7.23% to settle at 526.52 and DR Horton Inc (NYSE:DHI) which gained 5.64% to close at 107.60.

The worst performers were SVB Financial Group (OTC:SIVBQ) which was down 18.10% to 0.76 in late trade, Signature Bank (OTC:SBNY) which lost 15.98% to settle at 0.16 and AT&T Inc (NYSE:T) which was down 10.41% to 17.65 at the close.

The top performers on the NASDAQ Composite were Augmedix Inc (NASDAQ:AUGX) which rose 88.89% to 3.40, United Insurance Holdings Corp (NASDAQ:UIHC) which was up 62.42% to settle at 2.68 and Cns Pharmaceuticals Inc (NASDAQ:CNSP) which gained 48.02% to close at 2.62.

The worst performers were Windtree Therapeutics Inc (NASDAQ:WINT) which was down 57.68% to 2.37 in late trade, Bed Bath & Beyond Inc (NASDAQ:BBBY) which lost 35.34% to settle at 0.30 and Via Renewables Inc (NASDAQ:VIA) which was down 27.75% to 13.25 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1893 to 1056 and 92 ended unchanged; on the Nasdaq Stock Exchange, 2324 fell and 1268 advanced, while 145 ended unchanged.

Shares in DR Horton Inc (NYSE:DHI) rose to 52-week highs; up 5.64% or 5.74 to 107.60. Shares in Visa Inc Class A (NYSE:V) rose to 52-week highs; rising 0.87% or 2.03 to 234.60. Shares in Augmedix Inc (NASDAQ:AUGX) rose to 52-week highs; rising 88.89% or 1.60 to 3.40. Shares in Windtree Therapeutics Inc (NASDAQ:WINT) fell to all time lows; down 57.68% or 3.23 to 2.37. Shares in Via Renewables Inc (NASDAQ:VIA) fell to all time lows; losing 27.75% or 5.09 to 13.25.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 4.31% to 17.17.

Gold Futures for June delivery was up 0.48% or 9.55 to $2,016.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 2.64% or 2.09 to hit $77.15 a barrel, while the June Brent oil contract fell 2.78% or 2.31 to trade at $80.81 a barrel.

EUR/USD was unchanged 0.11% to 1.10, while USD/JPY fell 0.33% to 134.24.

The US Dollar Index Futures was down 0.13% at 101.54.

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.