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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.96%

Published 10/23/2024, 04:30 PM
Updated 10/23/2024, 04:35 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.96%
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Investing.com – U.S. stocks were lower after the close on Wednesday, as losses in the Technology, Consumer Services and Consumer Goods sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 0.96%, while the S&P 500 index declined 0.92%, and the NASDAQ Composite index fell 1.59%.

The best performers of the session on the Dow Jones Industrial Average were Verizon Communications Inc (NYSE:VZ), which rose 3.30% or 1.37 points to trade at 42.87 at the close. Meanwhile, Walmart Inc (NYSE:WMT) added 1.52% or 1.25 points to end at 83.27 and Johnson & Johnson (NYSE:JNJ) was up 1.47% or 2.41 points to 165.86 in late trade.

The worst performers of the session were McDonald’s Corporation (NYSE:MCD), which fell 5.12% or 16.12 points to trade at 298.57 at the close. 3M Company (NYSE:MMM) declined 2.90% or 3.83 points to end at 127.91 and Amazon.com Inc (NASDAQ:AMZN) was down 2.61% or 4.95 points to 184.75.

The top performers on the S&P 500 were Northern Trust Corporation (NASDAQ:NTRS) which rose 7.02% to 102.51, Teledyne Technologies Incorporated (NYSE:TDY) which was up 6.00% to settle at 470.09 and Packaging Corp of America (NYSE:PKG) which gained 5.53% to close at 228.65.

The worst performers were Enphase Energy Inc (NASDAQ:ENPH) which was down 14.92% to 78.47 in late trade, Seagate Technology PLC (NASDAQ:STX) which lost 8.10% to settle at 103.52 and Old Dominion Freight Line Inc (NASDAQ:ODFL) which was down 5.45% to 188.67 at the close.

The top performers on the NASDAQ Composite were LA Rosa Holdings Corp (NASDAQ:LRHC) which rose 130.61% to 1.13, Kwesst Micro Systems Inc (NASDAQ:KWE) which was up 113.14% to settle at 2.53 and Tevogen Bio Holdings Inc (NASDAQ:TVGN) which gained 54.04% to close at 2.48.

The worst performers were Premium Catering Holdings Ltd (NASDAQ:PC) which was down 66.01% to 1.39 in late trade, Silexion Therapeutics Corp (NASDAQ:SLXN) which lost 32.00% to settle at 0.31 and Digital Brands Group Inc (NASDAQ:DBGI) which was down 30.54% to 0.25 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2038 to 776 and 77 ended unchanged; on the Nasdaq Stock Exchange, 2296 fell and 1012 advanced, while 137 ended unchanged.

Shares in Northern Trust Corporation (NASDAQ:NTRS) rose to 52-week highs; gaining 7.02% or 6.72 to 102.51. Shares in Teledyne Technologies Incorporated (NYSE:TDY) rose to 52-week highs; gaining 6.00% or 26.60 to 470.09. Shares in Packaging Corp of America (NYSE:PKG) rose to all time highs; gaining 5.53% or 11.99 to 228.65. Shares in Walmart Inc (NYSE:WMT) rose to all time highs; up 1.52% or 1.25 to 83.27. Shares in Premium Catering Holdings Ltd (NASDAQ:PC) fell to all time lows; losing 66.01% or 2.70 to 1.39.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 5.71% to 19.24.

Gold Futures for December delivery was down 1.10% or 30.30 to $2,729.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 0.99% or 0.71 to hit $71.03 a barrel, while the December Brent oil contract fell 1.05% or 0.80 to trade at $75.24 a barrel.

EUR/USD was unchanged 0.11% to 1.08, while USD/JPY rose 1.09% to 152.70.

The US Dollar Index Futures was up 0.32% at 104.24.

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