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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.16%

Published 02/27/2018, 04:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.16%
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Investing.com – U.S. stocks were lower after the close on Tuesday, as losses in the Consumer Services, Telecoms and Utilities sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 1.16%, while the S&P 500 index fell 1.27%, and the NASDAQ Composite index lost 1.23%.

The best performers of the session on the Dow Jones Industrial Average were Intel Corporation (NASDAQ:INTC), which rose 1.63% or 0.80 points to trade at 49.91 at the close. Meanwhile, Boeing Co (NYSE:BA) added 0.30% or 1.08 points to end at 364.56 and Johnson & Johnson (NYSE:JNJ) was down 0.32% or 0.42 points to 131.65 in late trade.

The worst performers of the session were Walt Disney Company (NYSE:DIS), which fell 4.51% or 4.95 points to trade at 104.86 at the close. Merck & Company Inc (NYSE:MRK) declined 2.41% or 1.35 points to end at 54.71 and Nike Inc (NYSE:NKE) was down 2.31% or 1.61 points to 68.04.

The top performers on the S&P 500 were The AES Corporation (NYSE:AES) which rose 7.56% to 11.24, Discovery Communications C Inc (NASDAQ:DISCK) which was up 3.86% to settle at 24.75 and Macy’s Inc (NYSE:M) which gained 3.46% to close at 28.40.

The worst performers were AutoZone Inc (NYSE:AZO) which was down 11.05% to 654.55 in late trade, Comcast Corporation (NASDAQ:CMCSA) which lost 7.38% to settle at 36.66 and Perrigo Co (NYSE:PRGO) which was down 7.13% to 82.00 at the close.

The top performers on the NASDAQ Composite were ARCA Biopharma Inc (NASDAQ:ABIO) which rose 41.11% to 0.635, Akers Biosciences Inc (NASDAQ:AKER) which was up 31.58% to settle at 0.750 and T2 Biosystms Inc (NASDAQ:TTOO) which gained 16.14% to close at 5.18.

The worst performers were Akorn Inc (NASDAQ:AKRX) which was down 38.41% to 18.65 in late trade, Gulf Island Fabrication Inc (NASDAQ:GIFI) which lost 31.91% to settle at 8.00 and Aytu BioScience Inc (NASDAQ:AYTU) which was down 27.94% to 0.4900 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2459 to 678 and 24 ended unchanged; on the Nasdaq Stock Exchange, 1898 fell and 616 advanced, while 128 ended unchanged.

Shares in Boeing Co (NYSE:BA) rose to all time highs; rising 0.30% or 1.08 to 364.56. Shares in Akorn Inc (NASDAQ:AKRX) fell to 52-week lows; losing 38.41% or 11.63 to 18.65. Shares in Gulf Island Fabrication Inc (NASDAQ:GIFI) fell to 52-week lows; losing 31.91% or 3.75 to 8.00. Shares in Aytu BioScience Inc (NASDAQ:AYTU) fell to all time lows; down 27.94% or 0.1900 to 0.4900.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 19.62% to 18.90.

Gold Futures for April delivery was down 1.03% or 13.70 to $1319.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 1.60% or 1.02 to hit $62.89 a barrel, while the May Brent oil contract fell 1.26% or 0.85 to trade at $66.44 a barrel.

EUR/USD was down 0.72% to 1.2228, while USD/JPY rose 0.41% to 107.38.

The US Dollar Index Futures was up 0.65% at 90.35.

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