🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.06%

Published 05/29/2024, 04:30 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.06%

Investing.com – U.S. stocks were lower after the close on Wednesday, as losses in the Oil & Gas, Basic Materials and Industrials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 1.06%, while the S&P 500 index declined 0.74%, and the NASDAQ Composite index fell 0.58%.

The best performers of the session on the Dow Jones Industrial Average were Salesforce Inc (NYSE:CRM), which rose 0.66% or 1.79 points to trade at 271.62 at the close. Meanwhile, Apple Inc (NASDAQ:AAPL) added 0.16% or 0.30 points to end at 190.29 and Johnson & Johnson (NYSE:JNJ) was up 0.04% or 0.06 points to 144.44 in late trade.

The worst performers of the session were Unitedhealth Group (NYSE:UNH), which fell 3.76% or 18.96 points to trade at 484.72 at the close. Intel Corporation (NASDAQ:INTC) declined 2.99% or 0.93 points to end at 30.13 and Caterpillar Inc (NYSE:CAT) was down 2.41% or 8.36 points to 338.11.

The top performers on the S&P 500 were Marathon Oil Corporation (NYSE:MRO) which rose 8.43% to 28.68, Universal Health Services Inc (NYSE:UHS) which was up 2.83% to settle at 180.14 and United Airlines Holdings Inc (NASDAQ:UAL) which gained 2.35% to close at 51.83.

The worst performers were American Airlines Group (NASDAQ:AAL) which was down 13.54% to 11.62 in late trade, Valero Energy Corporation (NYSE:VLO) which lost 4.82% to settle at 155.69 and Constellation Energy Corp (NASDAQ:CEG) which was down 4.41% to 220.74 at the close.

The top performers on the NASDAQ Composite were Innovative Eyewear Inc (NASDAQ:LUCY) which rose 131.46% to 0.95, Brand Engagement Network Inc (NASDAQ:BNAI) which was up 107.87% to settle at 2.64 and Onconetix Inc (NASDAQ:ONCO) which gained 79.93% to close at 0.29.

The worst performers were Applied UV Inc (OTC:AUVIQ) which was down 76.28% to 0.07 in late trade, Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) which lost 62.03% to settle at 0.44 and Cue Health Inc (NASDAQ:HLTH) which was down 39.51% to 0.05 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2365 to 508 and 43 ended unchanged; on the Nasdaq Stock Exchange, 2413 fell and 935 advanced, while 119 ended unchanged.

Shares in Applied UV Inc (OTC:AUVIQ) fell to all time lows; down 76.28% or 0.22 to 0.07. Shares in Cue Health Inc (NASDAQ:HLTH) fell to all time lows; losing 39.51% or 0.04 to 0.05.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 10.53% to 14.28.

Gold Futures for June delivery was down 0.84% or 19.85 to $2,336.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.94% or 0.75 to hit $79.08 a barrel, while the August Brent oil contract fell 0.85% or 0.71 to trade at $83.23 a barrel.

EUR/USD was down 0.50% to 1.08, while USD/JPY rose 0.33% to 157.68.

The US Dollar Index Futures was up 0.52% at 105.08.

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.