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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.77%

Published 03/23/2018, 04:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.77%
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Investing.com – U.S. stocks were lower after the close on Friday, as losses in the Technology, Financials and Basic Materials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 1.77% to hit a new 3-months low, while the S&P 500 index fell 2.10%, and the NASDAQ Composite index declined 2.43%.

The best performers of the session on the Dow Jones Industrial Average were Boeing Co (NYSE:BA), which rose 0.43% or 1.39 points to trade at 321.00 at the close. Meanwhile, Nike Inc (NYSE:NKE) added 0.33% or 0.21 points to end at 64.63 and Chevron Corporation (NYSE:CVX) was down 0.63% or 0.71 points to 112.98 in late trade.

The worst performers of the session were DowDuPont Inc (NYSE:DWDP), which fell 3.90% or 2.56 points to trade at 63.06 at the close. 3M Company (NYSE:MMM) declined 3.50% or 7.81 points to end at 215.36 and Pfizer Inc (NYSE:PFE) was down 3.12% or 1.11 points to 34.49.

The top performers on the S&P 500 were Foot Locker Inc (NYSE:FL) which rose 4.44% to 43.74, Newmont Mining Corporation (NYSE:NEM) which was up 3.06% to settle at 38.76 and Cintas Corporation (NASDAQ:CTAS) which gained 2.91% to close at 167.85.

The worst performers were Western Digital Corporation (NASDAQ:WDC) which was down 8.42% to 92.34 in late trade, Micron Technology Inc (NASDAQ:MU) which lost 7.99% to settle at 54.21 and Applied Materials Inc (NASDAQ:AMAT) which was down 6.07% to 55.38 at the close.

The top performers on the NASDAQ Composite were iFresh Inc (NASDAQ:IFMK) which rose 25.96% to 9.22, Caredx Inc (NASDAQ:CDNA) which was up 25.75% to settle at 7.520 and Innovate Biopharmaceuticals Inc (NASDAQ:INNT) which gained 20.20% to close at 25.65.

The worst performers were Sphere 3D Corp (NASDAQ:ANY) which was down 26.29% to 1.290 in late trade, Ferroglobe PLC (NASDAQ:GSM) which lost 23.66% to settle at 11.09 and HTG Molecular Diagnostics Inc (NASDAQ:HTGM) which was down 17.07% to 4.470 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2454 to 641 and 101 ended unchanged; on the Nasdaq Stock Exchange, 2010 fell and 547 advanced, while 95 ended unchanged.

Shares in Sphere 3D Corp (NASDAQ:ANY) fell to 3-years lows; down 26.29% or 0.460 to 1.290. Shares in Caredx Inc (NASDAQ:CDNA) rose to 52-week highs; gaining 25.75% or 1.540 to 7.520. Shares in Innovate Biopharmaceuticals Inc (NASDAQ:INNT) rose to all time highs; rising 20.20% or 4.31 to 25.65.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 6.38% to 24.83 a new 1-month high.

Gold Futures for April delivery was up 1.56% or 20.70 to $1348.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 2.57% or 1.65 to hit $65.95 a barrel, while the May Brent oil contract rose 2.35% or 1.62 to trade at $70.53 a barrel.

EUR/USD was up 0.46% to 1.2359, while USD/JPY fell 0.42% to 104.84.

The US Dollar Index Futures was down 0.45% at 89.07.

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