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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.44%

Published 10/19/2020, 05:25 PM
© Reuters U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.44%
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Investing.com – U.S. stocks were lower after the close on Monday, as losses in the Oil & Gas, Technology and Financials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average lost 1.44%, while the S&P 500 index declined 1.63%, and the NASDAQ Composite index fell 1.65%.

The best performers of the session on the Dow Jones Industrial Average were Intel Corporation (NASDAQ:INTC), which rose 0.78% or 0.42 points to trade at 54.58 at the close. Meanwhile, Boeing Co (NYSE:BA) fell 0.14% or 0.24 points to end at 167.11 and Goldman Sachs Group Inc (NYSE:GS) was down 0.25% or 0.52 points to 205.69 in late trade.

The worst performers of the session were Apple Inc (NASDAQ:AAPL), which fell 2.55% or 3.04 points to trade at 115.98 at the close. Johnson & Johnson (NYSE:JNJ) declined 2.55% or 3.78 points to end at 144.32 and Microsoft Corporation (NASDAQ:MSFT) was down 2.48% or 5.44 points to 214.22.

The top performers on the S&P 500 were Western Digital Corporation (NASDAQ:WDC) which rose 7.85% to 40.92, United Airlines Holdings Inc (NASDAQ:UAL) which was up 3.92% to settle at 35.50 and Tapestry Inc (NYSE:TPR) which gained 2.71% to close at 20.06.

The worst performers were Nordstrom Inc (NYSE:JWN) which was down 5.88% to 12.17 in late trade, Gartner Inc (NYSE:IT) which lost 4.41% to settle at 124.34 and Ross Stores Inc (NASDAQ:ROST) which was down 4.37% to 90.96 at the close.

The top performers on the NASDAQ Composite were Kaixin Auto Holdings (NASDAQ:KXIN) which rose 293.72% to 8.150, Code Chain New Continent Ltd (NASDAQ:CCNC) which was up 108.18% to settle at 2.290 and Marine Petroleum Trust (NASDAQ:MARPS) which gained 95.56% to close at 4.400.

The worst performers were Abraxas Petroleum Corporation (NASDAQ:AXAS) which was down 24.33% to 2.1900 in late trade, Westwater Resources Inc (NASDAQ:WWR) which lost 19.79% to settle at 4.620 and CHF Solutions Inc (NASDAQ:CHFS) which was down 17.26% to 6.980 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2241 to 812 and 98 ended unchanged; on the Nasdaq Stock Exchange, 1962 fell and 900 advanced, while 79 ended unchanged.

Shares in Kaixin Auto Holdings (NASDAQ:KXIN) rose to 52-week highs; gaining 293.72% or 6.080 to 8.150. Shares in Abraxas Petroleum Corporation (NASDAQ:AXAS) fell to 52-week highs; down 24.33% or 0.7040 to 2.1900. Shares in Marine Petroleum Trust (NASDAQ:MARPS) rose to 52-week highs; up 95.56% or 2.150 to 4.400. Shares in CHF Solutions Inc (NASDAQ:CHFS) fell to 52-week highs; falling 17.26% or 1.456 to 6.980.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 6.46% to 29.18.

Gold Futures for December delivery was up 0.01% or 0.25 to $1906.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 0.44% or 0.18 to hit $40.94 a barrel, while the December Brent oil contract fell 1.05% or 0.45 to trade at $42.48 a barrel.

EUR/USD was up 0.01% to 1.1767, while USD/JPY fell 0.02% to 105.40.

The US Dollar Index Futures was down 0.29% at 93.405.

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