50% Off! Beat the market in 2025 with InvestingProCLAIM SALE

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.85%

Published 12/16/2022, 04:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.85%

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

At the close in NYSE, the Dow Jones Industrial Average lost 0.85% to hit a new 1-month low, while the S&P 500 index declined 1.11%, and the NASDAQ Composite index lost 0.97%.

The best performers of the session on the Dow Jones Industrial Average were Caterpillar Inc (NYSE:CAT), which rose 0.88% or 2.03 points to trade at 232.69 at the close. Meanwhile, Boeing Co (NYSE:BA) added 0.54% or 1.00 points to end at 184.72 and Dow Inc (NYSE:DOW) was up 0.52% or 0.26 points to 49.79 in late trade.

The worst performers of the session were American Express Company (NYSE:AXP), which fell 2.64% or 3.96 points to trade at 146.26 at the close. Nike Inc (NYSE:NKE) declined 2.43% or 2.64 points to end at 105.87 and McDonald’s Corporation (NYSE:MCD) was down 2.08% or 5.66 points to 266.07.

The top performers on the S&P 500 were Adobe Systems Incorporated (NASDAQ:ADBE) which rose 2.99% to 338.54, Meta Platforms Inc (NASDAQ:META) which was up 2.82% to settle at 119.43 and Universal Health Services Inc (NYSE:UHS) which gained 2.49% to close at 135.83.

The worst performers were Ford Motor Company (NYSE:F) which was down 7.02% to 12.12 in late trade, Moderna Inc (NASDAQ:MRNA) which lost 6.74% to settle at 193.29 and CarMax Inc (NYSE:KMX) which was down 6.02% to 61.45 at the close.

The top performers on the NASDAQ Composite were Cosmos Holdings Inc (NASDAQ:COSM) which rose 178.91% to 23.01, Nanthealth LLC (NASDAQ:NH) which was up 98.95% to settle at 5.70 and Trean Insurance Group Inc (NASDAQ:TIG) which gained 91.51% to close at 5.97.

The worst performers were Synaptogenix Inc (NASDAQ:SNPX) which was down 74.63% to 1.20 in late trade, Agrify Corp (NASDAQ:AGFY) which lost 69.87% to settle at 0.25 and Axcella Health Inc (NASDAQ:AXLA) which was down 63.08% to 0.16 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2174 to 875 and 104 ended unchanged; on the Nasdaq Stock Exchange, 2210 fell and 1501 advanced, while 148 ended unchanged.

Shares in Cosmos Holdings Inc (NASDAQ:COSM) rose to all time highs; gaining 178.91% or 14.76 to 23.01. Shares in Synaptogenix Inc (NASDAQ:SNPX) fell to all time lows; down 74.63% or 3.53 to 1.20. Shares in Agrify Corp (NASDAQ:AGFY) fell to all time lows; down 69.87% or 0.57 to 0.25. Shares in Axcella Health Inc (NASDAQ:AXLA) fell to all time lows; down 63.08% or 0.28 to 0.16.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 0.92% to 22.62.

Gold Futures for February delivery was up 0.84% or 15.10 to $1,802.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 2.33% or 1.77 to hit $74.34 a barrel, while the February Brent oil contract fell 2.64% or 2.14 to trade at $79.07 a barrel.

EUR/USD was unchanged 0.37% to 1.06, while USD/JPY fell 0.78% to 136.68.

The US Dollar Index Futures was up 0.22% at 104.43.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.