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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.65%

Published 06/23/2023, 04:25 PM
© Reuters U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.65%

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

At the close in NYSE, the Dow Jones Industrial Average declined 0.65%, while the S&P 500 index lost 0.77%, and the NASDAQ Composite index fell 1.01%.

The best performers of the session on the Dow Jones Industrial Average were Intel Corporation (NASDAQ:INTC), which rose 0.89% or 0.29 points to trade at 33.00 at the close. Meanwhile, Merck & Company Inc (NYSE:MRK) added 0.79% or 0.90 points to end at 114.62 and Visa Inc Class A (NYSE:V) was up 0.48% or 1.09 points to 229.48 in late trade.

The worst performers of the session were Cisco Systems Inc (NASDAQ:CSCO), which fell 1.55% or 0.79 points to trade at 50.33 at the close. Walgreens Boots Alliance Inc (NASDAQ:WBA) declined 1.54% or 0.49 points to end at 31.40 and Goldman Sachs Group Inc (NYSE:GS) was down 1.52% or 4.87 points to 314.71.

The top performers on the S&P 500 were CarMax Inc (NYSE:KMX) which rose 10.18% to 86.29, Generac Holdings Inc (NYSE:GNRC) which was up 3.42% to settle at 129.08 and Celanese Corporation (NYSE:CE) which gained 2.19% to close at 109.48.

The worst performers were Assurant Inc (NYSE:AIZ) which was down 5.70% to 123.80 in late trade, DISH Network Corporation (NASDAQ:DISH) which lost 5.20% to settle at 6.02 and Axon Enterprise Inc (NASDAQ:AXON) which was down 4.17% to 188.71 at the close.

The top performers on the NASDAQ Composite were Kidpik Corp (NASDAQ:PIK) which rose 93.72% to 1.17, ConforMIS Inc (NASDAQ:CFMS) which was up 87.07% to settle at 2.17 and Lulu's Fashion Lounge Holdings Inc (NASDAQ:LVLU) which gained 48.11% to close at 3.14.

The worst performers were Spark Networks SE ADR (NASDAQ:LOV) which was down 62.00% to 0.28 in late trade, SMX Security Matters Ord Shs Class A (NASDAQ:SMX) which lost 60.22% to settle at 0.18 and GSR II Meteora Acquisition Corp (NASDAQ:GSRM) which was down 34.20% to 6.85 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2092 to 850 and 64 ended unchanged; on the Nasdaq Stock Exchange, 2356 fell and 1199 advanced, while 110 ended unchanged.

Shares in DISH Network Corporation (NASDAQ:DISH) fell to 5-year lows; losing 5.20% or 0.33 to 6.02. Shares in Spark Networks SE ADR (NASDAQ:LOV) fell to all time lows; losing 62.00% or 0.46 to 0.28. Shares in SMX Security Matters Ord Shs Class A (NASDAQ:SMX) fell to all time lows; losing 60.22% or 0.27 to 0.18. Shares in GSR II Meteora Acquisition Corp (NASDAQ:GSRM) fell to all time lows; losing 34.20% or 3.56 to 6.85.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 4.11% to 13.44.

Gold Futures for August delivery was up 0.30% or 5.80 to $1,929.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.26% or 0.18 to hit $69.33 a barrel, while the August Brent oil contract fell 0.11% or 0.08 to trade at $74.06 a barrel.

EUR/USD was down 0.58% to 1.09, while USD/JPY rose 0.44% to 143.76.

The US Dollar Index Futures was up 0.52% at 102.52.

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