💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.51%

Published 08/02/2024, 04:30 PM
Updated 08/02/2024, 04:35 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.51%
EUR/USD
-
USD/JPY
-
US500
-
DJI
-
INTC
-
MCD
-
MCHP
-
AMZN
-
CLX
-
AXP
-
PRU
-
UNH
-
GC
-
LCO
-
CL
-
PG
-
IXIC
-
MKTX
-
CBOE
-
VIX
-

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

At the close in NYSE, the Dow Jones Industrial Average lost 1.51%, while the S&P 500 index lost 1.84%, and the NASDAQ Composite index fell 2.45%.

The best performers of the session on the Dow Jones Industrial Average were Unitedhealth Group (NYSE:UNH), which rose 2.98% or 17.06 points to trade at 589.83 at the close. Meanwhile, McDonald’s Corporation (NYSE:MCD) added 2.95% or 7.94 points to end at 276.69 and Procter & Gamble Company (NYSE:PG) was up 2.65% or 4.39 points to 170.08 in late trade.

The worst performers of the session were Intel Corporation (NASDAQ:INTC), which fell 26.06% or 7.57 points to trade at 21.48 at the close. Amazon.com Inc (NASDAQ:AMZN) declined 8.84% or 16.28 points to end at 167.79 and American Express Company (NYSE:AXP) was down 6.71% or 16.68 points to 232.00.

The top performers on the S&P 500 were Clorox Co (NYSE:CLX) which rose 7.42% to 144.09, MarketAxess Holdings Inc (NASDAQ:MKTX) which was up 6.06% to settle at 234.63 and Cboe Global Markets Inc (NYSE:CBOE) which gained 4.33% to close at 193.79.

The worst performers were Intel Corporation (NASDAQ:INTC) which was down 26.06% to 21.48 in late trade, Microchip Technology Inc (NASDAQ:MCHP) which lost 10.60% to settle at 75.43 and Prudential Financial Inc (NYSE:PRU) which was down 9.98% to 110.26 at the close.

The top performers on the NASDAQ Composite were Netcapital Inc (NASDAQ:NCPL) which rose 5,480.36% to 3.75, Siyata Mobile Inc (NASDAQ:SYTA) which was up 1,598.11% to settle at 4.50 and Vsee Health Inc (NASDAQ:VSEE) which gained 74.90% to close at 4.25.

The worst performers were Gamer Pakistan Inc (NASDAQ:GPAK) which was down 46.49% to 0.09 in late trade, LogicMark Inc (NASDAQ:LGMK) which lost 39.12% to settle at 0.28 and Expion360 Inc (NASDAQ:XPON) which was down 34.44% to 0.30 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2228 to 636 and 52 ended unchanged; on the Nasdaq Stock Exchange, 2861 fell and 514 advanced, while 93 ended unchanged.

Shares in Intel Corporation (NASDAQ:INTC) fell to 5-year lows; losing 26.06% or 7.57 to 21.48. Shares in Unitedhealth Group (NYSE:UNH) rose to all time highs; rising 2.98% or 17.06 to 589.83. Shares in Intel Corporation (NASDAQ:INTC) fell to 5-year lows; falling 26.06% or 7.57 to 21.48. Shares in Procter & Gamble Company (NYSE:PG) rose to all time highs; gaining 2.65% or 4.39 to 170.08. Shares in Netcapital Inc (NASDAQ:NCPL) rose to 52-week highs; up 5,480.36% or 3.68 to 3.75. Shares in Gamer Pakistan Inc (NASDAQ:GPAK) fell to all time lows; losing 46.49% or 0.08 to 0.09. Shares in LogicMark Inc (NASDAQ:LGMK) fell to all time lows; falling 39.12% or 0.18 to 0.28. Shares in Expion360 Inc (NASDAQ:XPON) fell to all time lows; down 34.44% or 0.16 to 0.30.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 25.82% to 23.39 a new 52-week high.

Gold Futures for December delivery was up 0.08% or 2.00 to $2,482.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 2.87% or 2.19 to hit $74.12 a barrel, while the October Brent oil contract fell 2.68% or 2.13 to trade at $77.39 a barrel.

EUR/USD was up 1.09% to 1.09, while USD/JPY fell 1.89% to 146.54.

The US Dollar Index Futures was down 1.15% at 103.01.

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.