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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.46%

Published 03/02/2021, 05:25 PM
©  Reuters U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.46%
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Investing.com – U.S. stocks were lower after the close on Tuesday, as losses in the Technology, Consumer Services and Consumer Goods sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 0.46%, while the S&P 500 index fell 0.81%, and the NASDAQ Composite index lost 1.69%.

The best performers of the session on the Dow Jones Industrial Average were Dow Inc (NYSE:DOW), which rose 1.93% or 1.19 points to trade at 62.73 at the close. Meanwhile, Merck & Company Inc (NYSE:MRK) added 0.65% or 0.47 points to end at 72.85 and Coca-Cola Co (NYSE:KO) was up 0.40% or 0.20 points to 50.10 in late trade.

The worst performers of the session were Intel Corporation (NASDAQ:INTC), which fell 2.61% or 1.64 points to trade at 61.24 at the close. Apple Inc (NASDAQ:AAPL) declined 2.09% or 2.67 points to end at 125.12 and Salesforce.com Inc (NYSE:CRM) was down 1.87% or 4.07 points to 213.47.

The top performers on the S&P 500 were Fox Corp Class A (NASDAQ:FOXA) which rose 9.08% to 37.95, Fox Corp Class B (NASDAQ:FOX) which was up 7.97% to settle at 36.05 and Nielsen Holdings PLC (NYSE:NLSN) which gained 7.56% to close at 24.89.

The worst performers were Target Corporation (NYSE:TGT) which was down 6.77% to 173.49 in late trade, Twitter Inc (NYSE:TWTR) which lost 5.10% to settle at 73.67 and KLA-Tencor Corporation (NASDAQ:KLAC) which was down 4.96% to 309.82 at the close.

The top performers on the NASDAQ Composite were Communications Systems Inc (NASDAQ:JCS) which rose 35.33% to 7.24, Amyris Inc (NASDAQ:AMRS) which was up 27.39% to settle at 19.950 and Fortress Biotech Inc (NASDAQ:FBIO) which gained 26.03% to close at 4.890.

The worst performers were Inseego Corp (NASDAQ:INSG) which was down 29.61% to 10.58 in late trade, FibroGen Inc (NASDAQ:FGEN) which lost 24.66% to settle at 38.07 and Luokung Technology Corp (NASDAQ:LKCO) which was down 19.74% to 1.220 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1824 to 1390 and 68 ended unchanged; on the Nasdaq Stock Exchange, 2437 fell and 883 advanced, while 61 ended unchanged.

Shares in Fox Corp Class A (NASDAQ:FOXA) rose to 52-week highs; gaining 9.08% or 3.16 to 37.95. Shares in Fox Corp Class B (NASDAQ:FOX) rose to 52-week highs; up 7.97% or 2.66 to 36.05. Shares in Nielsen Holdings PLC (NYSE:NLSN) rose to 52-week highs; up 7.56% or 1.75 to 24.89. Shares in Communications Systems Inc (NASDAQ:JCS) rose to 52-week highs; up 35.33% or 1.89 to 7.24. Shares in Amyris Inc (NASDAQ:AMRS) rose to 5-year highs; up 27.39% or 4.290 to 19.950. Shares in Fortress Biotech Inc (NASDAQ:FBIO) rose to 52-week highs; gaining 26.03% or 1.010 to 4.890.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 3.21% to 24.10.

Gold Futures for April delivery was up 0.81% or 13.95 to $1736.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 1.93% or 1.17 to hit $59.47 a barrel, while the May Brent oil contract rose 0.21% or 0.13 to trade at $62.55 a barrel.

EUR/USD was down 0.02% to 1.2087, while USD/JPY rose 0.01% to 106.69.

The US Dollar Index Futures was down 0.28% at 90.782.

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