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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.19%

Published 10/26/2018, 04:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.19%
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Investing.com – U.S. stocks were lower after the close on Friday, as losses in the Consumer Services, Telecoms and Technology sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average lost 1.19%, while the S&P 500 index declined 1.73%, and the NASDAQ Composite index fell 2.07%.

The best performers of the session on the Dow Jones Industrial Average were Intel Corporation (NASDAQ:INTC), which rose 3.11% or 1.38 points to trade at 45.69 at the close. Meanwhile, Walgreens Boots Alliance Inc (NASDAQ:WBA) added 0.65% or 0.49 points to end at 76.23 and Merck & Company Inc (NYSE:MRK) was up 0.63% or 0.44 points to 70.40 in late trade.

The worst performers of the session were Home Depot Inc (NYSE:HD), which fell 3.82% or 6.84 points to trade at 172.23 at the close. Cisco Systems Inc (NASDAQ:CSCO) declined 2.68% or 1.22 points to end at 44.25 and American Express Company (NYSE:AXP) was down 2.27% or 2.35 points to 101.25.

The top performers on the S&P 500 were Roper Technologies Inc (NYSE:ROP) which rose 7.55% to 285.38, Cabot Oil & Gas Corporation (NYSE:COG) which was up 7.10% to settle at 22.92 and Cincinnati Financial Corporation (NASDAQ:CINF) which gained 6.62% to close at 76.50.

The worst performers were Mohawk Industries Inc (NYSE:MHK) which was down 23.86% to 115.03 in late trade, Western Digital Corporation (NASDAQ:WDC) which lost 18.18% to settle at 44.19 and Fortune Brands Home & Security Inc (NYSE:FBHS) which was down 11.10% to 41.58 at the close.

The top performers on the NASDAQ Composite were Yulong Eco-Materials Ltd (NASDAQ:YECO) which rose 66.20% to 7.180, China Recycling Energy Corp (NASDAQ:CREG) which was up 19.55% to settle at 1.5900 and MYnd Analytics Inc (NASDAQ:MYND) which gained 24.09% to close at 1.70.

The worst performers were Synergy Pharmaceuticals Inc (NASDAQ:SGYP) which was down 69.29% to 0.430 in late trade, Flex Ltd (NASDAQ:FLEX) which lost 35.01% to settle at 7.09 and MoSys Inc (NASDAQ:MOSY) which was down 30.50% to 0.2648 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2216 to 858 and 79 ended unchanged; on the Nasdaq Stock Exchange, 1767 fell and 880 advanced, while 82 ended unchanged.

Shares in Mohawk Industries Inc (NYSE:MHK) fell to 5-year lows; losing 23.86% or 36.04 to 115.03. Shares in Western Digital Corporation (NASDAQ:WDC) fell to 52-week lows; losing 18.18% or 9.82 to 44.19. Shares in Fortune Brands Home & Security Inc (NYSE:FBHS) fell to 3-years lows; losing 11.10% or 5.19 to 41.58. Shares in Synergy Pharmaceuticals Inc (NASDAQ:SGYP) fell to all time lows; down 69.29% or 0.970 to 0.430. Shares in Flex Ltd (NASDAQ:FLEX) fell to 5-year lows; losing 35.01% or 3.82 to 7.09.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 0.25% to 24.16.

Gold Futures for December delivery was up 0.59% or 7.20 to $1236.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 0.50% or 0.34 to hit $67.67 a barrel, while the December Brent oil contract rose 1.08% or 0.83 to trade at $77.72 a barrel.

EUR/USD was up 0.30% to 1.1408, while USD/JPY fell 0.54% to 111.81.

The US Dollar Index Futures was down 0.35% at 96.12.

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