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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.33%

Published 05/19/2023, 04:25 PM
© Reuters. 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 Friday, as losses in the Consumer Services, Telecoms and Financials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average lost 0.33%, while the S&P 500 index declined 0.14%, and the NASDAQ Composite index declined 0.24%.

The best performers of the session on the Dow Jones Industrial Average were Cisco Systems Inc (NASDAQ:CSCO), which rose 1.93% or 0.93 points to trade at 49.13 at the close. Meanwhile, Merck & Company Inc (NYSE:MRK) added 1.30% or 1.48 points to end at 115.48 and International Business Machines (NYSE:IBM) was up 0.88% or 1.12 points to 127.27 in late trade.

The worst performers of the session were Nike Inc (NYSE:NKE), which fell 3.50% or 4.16 points to trade at 114.71 at the close. Walt Disney Company (NYSE:DIS) declined 2.56% or 2.40 points to end at 91.36 and Home Depot Inc (NYSE:HD) was down 1.44% or 4.25 points to 290.91.

The top performers on the S&P 500 were Catalent Inc (NYSE:CTLT) which rose 15.59% to 37.15, EPAM Systems Inc (NYSE:EPAM) which was up 4.07% to settle at 247.81 and Adobe Systems Incorporated (NASDAQ:ADBE) which gained 3.00% to close at 371.25.

The worst performers were VF Corporation (NYSE:VFC) which was down 8.16% to 19.07 in late trade, Signature Bank (OTC:SBNY) which lost 7.53% to settle at 0.14 and Lumen Technologies Inc (NYSE:LUMN) which was down 6.37% to 2.35 at the close.

The top performers on the NASDAQ Composite were Wisekey International Holding AG (NASDAQ:WKEY) which rose 50.00% to 3.45, Neximmune Inc (NASDAQ:NEXI) which was up 46.64% to settle at 0.44 and Tempo Automation Holdings Inc (NASDAQ:TMPO) which gained 37.20% to close at 0.34.

The worst performers were CaliberCos Inc (NASDAQ:CWD) which was down 31.82% to 5.25 in late trade, Adamis Pharma (NASDAQ:ADMP) which lost 26.47% to settle at 0.05 and Elevation Oncology Inc (NASDAQ:ELEV) which was down 24.70% to 3.81 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1761 to 1184 and 90 ended unchanged; on the Nasdaq Stock Exchange, 1852 fell and 1672 advanced, while 151 ended unchanged.

Shares in VF Corporation (NYSE:VFC) fell to 5-year lows; falling 8.16% or 1.70 to 19.07. Shares in Wisekey International Holding AG (NASDAQ:WKEY) rose to 52-week highs; up 50.00% or 1.15 to 3.45. Shares in CaliberCos Inc (NASDAQ:CWD) fell to all time lows; losing 31.82% or 2.45 to 5.25. Shares in Adamis Pharma (NASDAQ:ADMP) fell to all time lows; falling 26.47% or 0.02 to 0.05.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 4.74% to 16.81.

Gold Futures for June delivery was up 0.99% or 19.45 to $1,979.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 0.18% or 0.13 to hit $71.73 a barrel, while the July Brent oil contract fell 0.09% or 0.07 to trade at $75.79 a barrel.

EUR/USD was unchanged 0.34% to 1.08, while USD/JPY fell 0.56% to 137.92.

The US Dollar Index Futures was down 0.38% at 103.06.

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