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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.37%

Published 08/02/2019, 05:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.37%
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Investing.com – U.S. stocks were lower after the close on Friday, as losses in the Technology, Basic Materials and Oil & Gas sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average lost 0.37% to hit a new 1-month low, while the S&P 500 index lost 0.73%, and the NASDAQ Composite index fell 1.32%.

The best performers of the session on the Dow Jones Industrial Average were Boeing Co (NYSE:BA), which rose 1.62% or 5.41 points to trade at 339.56 at the close. Meanwhile, McDonald’s Corporation (NYSE:MCD) added 1.52% or 3.21 points to end at 214.46 and Merck & Company Inc (NYSE:MRK) was up 0.93% or 0.78 points to 84.47 in late trade.

The worst performers of the session were Cisco Systems Inc (NASDAQ:CSCO), which fell 3.86% or 2.14 points to trade at 53.25 at the close. Dow Inc (NYSE:DOW) declined 2.69% or 1.26 points to end at 45.59 and Nike Inc (NYSE:NKE) was down 2.42% or 2.01 points to 81.11.

The top performers on the S&P 500 were Newell Brands Inc (NASDAQ:NWL) which rose 14.22% to 15.34, Fortinet Inc (NASDAQ:FTNT) which was up 8.90% to settle at 86.05 and Sealed Air Corporation (NYSE:SEE) which gained 7.70% to close at 44.32.

The worst performers were NetApp Inc (NASDAQ:NTAP) which was down 20.22% to 46.04 in late trade, Arista Networks (NYSE:ANET) which lost 10.21% to settle at 244.44 and LyondellBasell Industries NV (NYSE:LYB) which was down 6.60% to 76.11 at the close.

The top performers on the NASDAQ Composite were iPic Entertainment Inc (NASDAQ:IPIC) which rose 41.53% to 1.6700, Blackline Inc (NASDAQ:BL) which was up 31.66% to settle at 56.01 and PC Connection Inc (NASDAQ:CNXN) which gained 22.35% to close at 39.85.

The worst performers were Acorda Therapeutics Inc (NASDAQ:ACOR) which was down 48.93% to 3.10 in late trade, Glu Mobile Inc (NASDAQ:GLUU) which lost 36.50% to settle at 4.820 and Fluidigm Corporation (NASDAQ:FLDM) which was down 33.74% to 8.05 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1884 to 1116 and 18 ended unchanged; on the Nasdaq Stock Exchange, 1755 fell and 893 advanced, while 95 ended unchanged.

Shares in NetApp Inc (NASDAQ:NTAP) fell to 52-week lows; losing 20.22% or 11.67 to 46.04. Shares in Dow Inc (NYSE:DOW) fell to 3-years lows; down 2.69% or 1.26 to 45.59. Shares in Acorda Therapeutics Inc (NASDAQ:ACOR) fell to 5-year lows; losing 48.93% or 2.97 to 3.10. Shares in Glu Mobile Inc (NASDAQ:GLUU) fell to 52-week lows; falling 36.50% or 2.770 to 4.820.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 1.46% to 17.61.

Gold Futures for December delivery was up 1.45% or 20.80 to $1453.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 2.37% or 1.28 to hit $55.23 a barrel, while the October Brent oil contract rose 1.27% or 0.77 to trade at $61.27 a barrel.

EUR/USD was up 0.23% to 1.1108, while USD/JPY fell 0.68% to 106.61.

The US Dollar Index Futures was down 0.28% at 97.873.

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