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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.87%

Published 05/29/2019, 05:25 PM
Updated 05/29/2019, 05:33 PM
U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.87%
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Investing.com – U.S. stocks were lower after the close on Wednesday, as losses in the Utilities, Healthcare and Consumer Services sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 0.87% to hit a new 3-months low, while the S&P 500 index fell 0.69%, and the NASDAQ Composite index lost 0.79%.

The best performers of the session on the Dow Jones Industrial Average were Intel Corporation (NASDAQ:INTC), which rose 1.51% or 0.66 points to trade at 44.23 at the close. Meanwhile, Dow Inc (NYSE:DOW) added 0.31% or 0.15 points to end at 48.71 and UnitedHealth Group Incorporated (NYSE:UNH) was up 0.14% or 0.34 points to 242.40 in late trade.

The worst performers of the session were Johnson & Johnson (NYSE:JNJ), which fell 4.19% or 5.74 points to trade at 131.33 at the close. Nike Inc (NYSE:NKE) declined 2.87% or 2.33 points to end at 78.87 and Boeing Co (NYSE:BA) was down 1.71% or 6.08 points to 348.80.

The top performers on the S&P 500 were Chesapeake Energy Corporation (NYSE:CHK) which rose 10.31% to 2.140, Range Resources Corp (NYSE:RRC) which was up 4.21% to settle at 8.16 and Helmerich and Payne Inc (NYSE:HP) which gained 3.57% to close at 51.00.

The worst performers were Capri Holdings Ltd (NYSE:CPRI) which was down 9.85% to 35.06 in late trade, L Brands Inc (NYSE:LB) which lost 7.06% to settle at 22.64 and PVH Corp (NYSE:PVH) which was down 6.28% to 99.25 at the close.

The top performers on the NASDAQ Composite were Eltek Ltd (NASDAQ:ELTK) which rose 326.83% to 7.000, Obalon Therapeutics Inc (NASDAQ:OBLN) which was up 58.26% to settle at 1.13 and Soliton Inc (NASDAQ:SOLY) which gained 42.62% to close at 20.2800.

The worst performers were TuanChe  (NASDAQ:TC) which was down 20.00% to 4.24 in late trade, Bridgeline Digital Inc (NASDAQ:BLIN) which lost 18.05% to settle at 3.2700 and Hudson Technologies Inc (NASDAQ:HDSN) which was down 16.42% to 1.680 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2031 to 962 and 94 ended unchanged; on the Nasdaq Stock Exchange, 1809 fell and 842 advanced, while 87 ended unchanged.

Shares in Capri Holdings Ltd (NYSE:CPRI) fell to 52-week lows; losing 9.85% or 3.83 to 35.06. Shares in Eltek Ltd (NASDAQ:ELTK) rose to 5-year highs; up 326.83% or 5.360 to 7.000. Shares in TuanChe  (NASDAQ:TC) fell to all time lows; falling 20.00% or 1.06 to 4.24. Shares in Soliton Inc (NASDAQ:SOLY) rose to all time highs; gaining 42.62% or 6.0600 to 20.2800.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 2.29% to 17.90.

Gold Futures for June delivery was up 0.15% or 1.95 to $1279.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.14% or 0.08 to hit $59.06 a barrel, while the August Brent oil contract unchanged 0.00% or 0.00 to trade at $68.11 a barrel.

EUR/USD was up 0.04% to 1.1133, while USD/JPY fell 0.02% to 109.56.

The US Dollar Index Futures was up 0.23% at 98.065.

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