⏳ Final hours! Save up to 60% OFF InvestingProCLAIM SALE

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.21%

Published 08/01/2024, 04:30 PM
Updated 08/01/2024, 04:35 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.21%
EUR/USD
-
US500
-
DJI
-
DX
-
GC
-
LCO
-
CL
-
IXIC
-
VIX
-

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

At the close in NYSE, the Dow Jones Industrial Average declined 1.21%, while the S&P 500 index fell 1.37%, and the NASDAQ Composite index lost 2.29%.

The best performers of the session on the Dow Jones Industrial Average were Procter & Gamble Company (NYSE:PG), which rose 3.05% or 4.91 points to trade at 165.67 at the close. Meanwhile, Johnson & Johnson (NYSE:JNJ) added 1.84% or 2.91 points to end at 160.76 and Coca-Cola Co (NYSE:KO) was up 1.82% or 1.22 points to 67.96 in late trade.

The worst performers of the session were Boeing Co (NYSE:BA), which fell 6.45% or 12.29 points to trade at 178.31 at the close. Intel Corporation (NASDAQ:INTC) declined 5.30% or 1.63 points to end at 29.11 and Chevron Corp (NYSE:CVX) was down 4.89% or 7.85 points to 152.62.

The top performers on the S&P 500 were CH Robinson Worldwide Inc (NASDAQ:CHRW) which rose 14.78% to 102.21, FMC Corporation (NYSE:FMC) which was up 10.25% to settle at 64.34 and Air Products and Chemicals Inc (NYSE:APD) which gained 8.95% to close at 287.47.

The worst performers were Moderna Inc (NASDAQ:MRNA) which was down 21.01% to 94.17 in late trade, MGM Resorts International (NYSE:MGM) which lost 13.22% to settle at 37.29 and Lam Research Corp (NASDAQ:LRCX) which was down 9.87% to 830.33 at the close.

The top performers on the NASDAQ Composite were Evoke Pharma Inc (NASDAQ:EVOK) which rose 1,114.70% to 4.86, Redhill Biopharma Ltd (NASDAQ:RDHL) which was up 97.87% to settle at 0.76 and Dermata Therapeutics Inc (NASDAQ:DRMA) which gained 44.19% to close at 2.48.

The worst performers were Vintage Wine Estates Inc (NASDAQ:VWE) which was down 49.52% to 0.03 in late trade, Alx Oncology Holdings  (NASDAQ:ALXO) which lost 41.67% to settle at 2.80 and Standard Biotools Inc (NASDAQ:LAB) which was down 36.61% to 1.42 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2035 to 826 and 56 ended unchanged; on the Nasdaq Stock Exchange, 2660 fell and 715 advanced, while 93 ended unchanged.

Shares in CH Robinson Worldwide Inc (NASDAQ:CHRW) rose to 52-week highs; rising 14.78% or 13.16 to 102.21. Shares in Intel Corporation (NASDAQ:INTC) fell to 52-week lows; losing 5.30% or 1.63 to 29.11. Shares in Coca-Cola Co (NYSE:KO) rose to all time highs; up 1.82% or 1.22 to 67.96. Shares in Evoke Pharma Inc (NASDAQ:EVOK) rose to 52-week highs; rising 1,114.70% or 4.46 to 4.86. Shares in Vintage Wine Estates Inc (NASDAQ:VWE) fell to all time lows; down 49.52% or 0.03 to 0.03. Shares in Alx Oncology Holdings  (NASDAQ:ALXO) fell to all time lows; losing 41.67% or 2.00 to 2.80. Shares in Standard Biotools Inc (NASDAQ:LAB) fell to 52-week lows; down 36.61% or 0.82 to 1.42.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 13.63% to 18.59 a new 3-months high.

Gold Futures for December delivery was up 0.54% or 13.40 to $2,486.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 1.31% or 1.02 to hit $76.89 a barrel, while the October Brent oil contract fell 0.96% or 0.78 to trade at $80.06 a barrel.

EUR/USD was unchanged 0.34% to 1.08, while USD/JPY fell 0.22% to 149.65.

The US Dollar Index Futures was up 0.32% at 104.19.

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.