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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.08%

Published 08/24/2023, 04:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.08%

Investing.com – U.S. stocks were lower after the close on Thursday, as losses in the Technology, Consumer Services and Consumer Goods sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average lost 1.08% to hit a new 1-month low, while the S&P 500 index lost 1.35%, and the NASDAQ Composite index declined 1.87%.

The best performers of the session on the Dow Jones Industrial Average were The Travelers Companies Inc (NYSE:TRV), which rose 0.58% or 0.93 points to trade at 161.86 at the close. Meanwhile, Verizon Communications Inc (NYSE:VZ) added 0.54% or 0.18 points to end at 33.37 and Dow Inc (NYSE:DOW) was up 0.24% or 0.13 points to 53.53 in late trade.

The worst performers of the session were Boeing Co (NYSE:BA), which fell 4.94% or 11.30 points to trade at 217.28 at the close. Walgreens Boots Alliance Inc (NASDAQ:WBA) declined 4.60% or 1.22 points to end at 25.32 and Intel Corporation (NASDAQ:INTC) was down 4.09% or 1.39 points to 32.59.

The top performers on the S&P 500 were Clorox Co (NYSE:CLX) which rose 2.28% to 154.42, Prudential Financial Inc (NYSE:PRU) which was up 2.20% to settle at 93.44 and Sealed Air Corporation (NYSE:SEE) which gained 2.13% to close at 34.96.

The worst performers were Dollar Tree Inc (NASDAQ:DLTR) which was down 12.90% to 123.88 in late trade, Advanced Micro Devices Inc (NASDAQ:AMD) which lost 6.97% to settle at 101.80 and Enphase Energy Inc (NASDAQ:ENPH) which was down 6.15% to 122.34 at the close.

The top performers on the NASDAQ Composite were Bruush Oral Care Inc Unit (NASDAQ:BRSH) which rose 56.07% to 2.70, Nemaura Medical Inc (NASDAQ:NMRD) which was up 43.90% to settle at 0.59 and JE Cleantech Holdings Ltd (NASDAQ:JCSE) which gained 38.23% to close at 0.36.

The worst performers were ReTo Eco-Solutions Inc (NASDAQ:RETO) which was down 82.93% to 1.14 in late trade, Orbital Infrastructure Group Inc (NASDAQ:OIG) which lost 39.72% to settle at 0.72 and Societal CDMO Inc (NASDAQ:SCTL) which was down 33.89% to 0.40 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2195 to 722 and 78 ended unchanged; on the Nasdaq Stock Exchange, 2428 fell and 1067 advanced, while 106 ended unchanged.

Shares in Dollar Tree Inc (NASDAQ:DLTR) fell to 52-week lows; falling 12.90% or 18.34 to 123.88. Shares in Enphase Energy Inc (NASDAQ:ENPH) fell to 52-week lows; losing 6.15% or 8.02 to 122.34. Shares in Walgreens Boots Alliance Inc (NASDAQ:WBA) fell to 5-year lows; falling 4.60% or 1.22 to 25.32. Shares in Orbital Infrastructure Group Inc (NASDAQ:OIG) fell to all time lows; down 39.72% or 0.48 to 0.72. Shares in Societal CDMO Inc (NASDAQ:SCTL) fell to 5-year lows; down 33.89% or 0.21 to 0.40.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 7.63% to 17.20.

Gold Futures for December delivery was down 0.17% or 3.35 to $1,944.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October unchanged 0.00% or 0.00 to hit $78.89 a barrel, while the October Brent oil contract fell 0.02% or 0.02 to trade at $83.19 a barrel.

EUR/USD was down 0.47% to 1.08, while USD/JPY rose 0.69% to 145.84.

The US Dollar Index Futures was up 0.59% at 103.94.

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