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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.31%

Published 07/23/2020, 05:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.31%
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Investing.com – U.S. stocks were lower after the close on Thursday, as losses in the Technology, Consumer Services and Healthcare sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 1.31%, while the S&P 500 index fell 1.23%, and the NASDAQ Composite index lost 2.29%.

The best performers of the session on the Dow Jones Industrial Average were Cisco Systems Inc (NASDAQ:CSCO), which rose 1.09% or 0.51 points to trade at 47.41 at the close. Meanwhile, Procter & Gamble Company (NYSE:PG) added 0.65% or 0.81 points to end at 126.16 and 3M Company (NYSE:MMM) was up 0.37% or 0.58 points to 159.29 in late trade.

The worst performers of the session were Apple Inc (NASDAQ:AAPL), which fell 4.55% or 17.71 points to trade at 371.38 at the close. Microsoft Corporation (NASDAQ:MSFT) declined 4.35% or 9.21 points to end at 202.54 and Dow Inc (NYSE:DOW) was down 3.43% or 1.52 points to 42.82.

The top performers on the S&P 500 were Whirlpool Corporation (NYSE:WHR) which rose 7.99% to 158.63, Globe Life Inc (NYSE:GL) which was up 6.13% to settle at 80.32 and Hershey Company (NYSE:HSY) which gained 5.68% to close at 146.33.

The worst performers were Citrix Systems Inc (NASDAQ:CTXS) which was down 12.93% to 145.54 in late trade, Allegion PLC (NYSE:ALLE) which lost 8.10% to settle at 102.56 and Align Technology Inc (NASDAQ:ALGN) which was down 5.95% to 299.05 at the close.

The top performers on the NASDAQ Composite were Milestone Pharmaceuticals Inc (NASDAQ:MIST) which rose 166.77% to 8.91, Arbutus Biopharma Corp (NASDAQ:ABUS) which was up 119.86% to settle at 6.20 and RigNet Inc (NASDAQ:RNET) which gained 48.34% to close at 3.13.

The worst performers were Ascena Retail Group Inc (NASDAQ:ASNA) which was down 25.70% to 0.59 in late trade, Check Cap Ltd (NASDAQ:CHEK) which lost 20.01% to settle at 0.604 and 360 Finance Inc (NASDAQ:QFIN) which was down 19.61% to 13.61 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1551 to 1292 and 85 ended unchanged; on the Nasdaq Stock Exchange, 1675 fell and 1030 advanced, while 68 ended unchanged.

Shares in Ascena Retail Group Inc (NASDAQ:ASNA) fell to 5-year lows; down 25.70% or 0.20 to 0.59. Shares in Arbutus Biopharma Corp (NASDAQ:ABUS) rose to 52-week highs; rising 119.86% or 3.38 to 6.20.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 7.24% to 26.08.

Gold Futures for August delivery was up 1.04% or 19.40 to $1884.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 2.00% or 0.84 to hit $41.06 a barrel, while the September Brent oil contract rose 0.02% or 0.01 to trade at $43.34 a barrel.

EUR/USD was down 0.01% to 1.1593, while USD/JPY rose 0.02% to 106.88.

The US Dollar Index Futures was down 0.21% at 94.727.

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