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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.05%

Published 06/03/2022, 04:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.05%
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Investing.com – U.S. stocks were lower after the close on Friday, as losses in the Technology, Consumer Goods and Consumer Services sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 1.05%, while the S&P 500 index declined 1.63%, and the NASDAQ Composite index lost 2.47%.

The best performers of the session on the Dow Jones Industrial Average were Caterpillar Inc (NYSE:CAT), which rose 1.32% or 2.90 points to trade at 222.90 at the close. Meanwhile, Chevron Corp (NYSE:CVX) added 0.91% or 1.60 points to end at 177.60 and International Business Machines (NYSE:IBM) was up 0.73% or 1.03 points to 141.18 in late trade.

The worst performers of the session were Apple Inc (NASDAQ:AAPL), which fell 3.86% or 5.83 points to trade at 145.38 at the close. Intel Corporation (NASDAQ:INTC) declined 3.23% or 1.45 points to end at 43.39 and The Travelers Companies Inc (NYSE:TRV) was down 2.17% or 3.87 points to 174.19.

The top performers on the S&P 500 were Quanta Services Inc (NYSE:PWR) which rose 3.65% to 129.12, Northrop Grumman Corporation (NYSE:NOC) which was up 3.35% to settle at 478.37 and Alaska Air Group Inc (NYSE:ALK) which gained 3.14% to close at 48.88.

The worst performers were Tesla Inc (NASDAQ:TSLA) which was down 9.22% to 703.55 in late trade, Etsy Inc (NASDAQ:ETSY) which lost 7.23% to settle at 80.98 and Micron Technology Inc (NASDAQ:MU) which was down 7.20% to 69.94 at the close.

The top performers on the NASDAQ Composite were Turning Point Therapeutics Inc (NASDAQ:TPTX) which rose 118.35% to 74.59, Energy Focu (NASDAQ:EFOI) which was up 48.65% to settle at 1.65 and Galecto Inc (NASDAQ:GLTO) which gained 35.17% to close at 1.96.

The worst performers were Bit Origin Ltd (NASDAQ:BTOG) which was down 44.43% to 0.48 in late trade, TC BioPharm Holdings PLC (NASDAQ:TCBP) which lost 36.07% to settle at 0.39 and Rallybio Corp (NASDAQ:RLYB) which was down 30.01% to 9.26 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2286 to 857 and 98 ended unchanged; on the Nasdaq Stock Exchange, 2345 fell and 1464 advanced, while 212 ended unchanged.

Shares in Northrop Grumman Corporation (NYSE:NOC) rose to all time highs; gaining 3.35% or 15.50 to 478.37. Shares in Bit Origin Ltd (NASDAQ:BTOG) fell to all time lows; falling 44.43% or 0.38 to 0.48. Shares in TC BioPharm Holdings PLC (NASDAQ:TCBP) fell to all time lows; down 36.07% or 0.22 to 0.39.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 0.28% to 24.79.

Gold Futures for August delivery was down 0.95% or 17.85 to $1,853.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 2.93% or 3.43 to hit $120.30 a barrel, while the August Brent oil contract rose 3.12% or 3.67 to trade at $121.28 a barrel.

EUR/USD was unchanged 0.23% to 1.07, while USD/JPY rose 0.77% to 130.84.

The US Dollar Index Futures was up 0.33% at 102.17.

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