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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.55%

Published 12/05/2024, 04:30 PM
Updated 12/05/2024, 04:32 PM
U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.55%
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Investing.com – U.S. stocks were lower after the close on Thursday, as losses in the Basic Materials, Healthcare and Industrials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 0.55%, while the S&P 500 index lost 0.19%, and the NASDAQ Composite index declined 0.16%.

The best performers of the session on the Dow Jones Industrial Average were 3M Company (NYSE:MMM), which rose 2.21% or 2.88 points to trade at 133.33 at the close. Meanwhile, Merck & Company Inc (NYSE:MRK) added 2.15% or 2.18 points to end at 103.55 and McDonald’s Corporation (NYSE:MCD) was up 1.48% or 4.38 points to 299.47 in late trade.

The worst performers of the session were Unitedhealth Group (NYSE:UNH), which fell 5.21% or 31.82 points to trade at 578.97 at the close. Salesforce Inc (NYSE:CRM) declined 1.76% or 6.49 points to end at 361.38 and Sherwin-Williams Co (NYSE:SHW) was down 1.74% or 6.83 points to 385.24.

The top performers on the S&P 500 were Brown Forman (NYSE:BFb) which rose 10.66% to 45.37, Tesla Inc (NASDAQ:TSLA) which was up 3.23% to settle at 369.49 and United Airlines Holdings Inc (NASDAQ:UAL) which gained 3.21% to close at 102.44.

The worst performers were Synopsys Inc (NASDAQ:SNPS) which was down 12.37% to 515.29 in late trade, Uber Technologies Inc (NYSE:UBER) which lost 9.58% to settle at 65.25 and Cadence Design Systems Inc (NASDAQ:CDNS) which was down 6.39% to 303.79 at the close.

The top performers on the NASDAQ Composite were AgriFORCE Growing Systems Ltd (NASDAQ:AGRI) which rose 10,319.35% to 3.23, Oriental Rise Holdings Ltd (NASDAQ:ORIS) which was up 599.25% to settle at 56.01 and Arcadia Biosciences Inc (NASDAQ:RKDA) which gained 102.08% to close at 5.45.

The worst performers were Algorhythm Holdings Inc (NASDAQ:RIME) which was down 46.87% to 0.09 in late trade, Universe Pharmaceuticals Inc (NASDAQ:UPC) which lost 41.34% to settle at 1.05 and Bluebird bio Inc (NASDAQ:BLUE) which was down 39.73% to 0.44 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1710 to 1085 and 91 ended unchanged; on the Nasdaq Stock Exchange, 2281 fell and 1052 advanced, while 92 ended unchanged.

Shares in Tesla Inc (NASDAQ:TSLA) rose to 52-week highs; gaining 3.23% or 11.56 to 369.49. Shares in United Airlines Holdings Inc (NASDAQ:UAL) rose to all time highs; up 3.21% or 3.19 to 102.44. Shares in AgriFORCE Growing Systems Ltd (NASDAQ:AGRI) rose to 52-week highs; up 10,319.35% or 3.20 to 3.23. Shares in Algorhythm Holdings Inc (NASDAQ:RIME) fell to all time lows; falling 46.87% or 0.08 to 0.09. Shares in Oriental Rise Holdings Ltd (NASDAQ:ORIS) rose to all time highs; rising 599.25% or 48.00 to 56.01. Shares in Universe Pharmaceuticals Inc (NASDAQ:UPC) fell to all time lows; falling 41.34% or 0.74 to 1.05. Shares in Arcadia Biosciences Inc (NASDAQ:RKDA) rose to 52-week highs; gaining 102.08% or 2.75 to 5.45.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 0.67% to 13.54.

Gold Futures for February delivery was down 0.81% or 21.73 to $2,654.47 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.06% or 0.04 to hit $68.50 a barrel, while the February Brent oil contract fell 0.08% or 0.06 to trade at $72.25 a barrel.

EUR/USD was up 0.73% to 1.06, while USD/JPY fell 0.34% to 150.09.

The US Dollar Index Futures was down 0.55% at 105.71.

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