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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.89%

Published 05/12/2020, 05:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.89%
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Investing.com – U.S. stocks were lower after the close on Tuesday, as losses in the Financials, Industrials and Oil & Gas sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 1.89%, while the S&P 500 index lost 2.05%, and the NASDAQ Composite index lost 2.06%.

The best performers of the session on the Dow Jones Industrial Average were Walmart Inc (NYSE:WMT), which rose 0.09% or 0.11 points to trade at 123.78 at the close. Meanwhile, Cisco Systems Inc (NASDAQ:CSCO) fell 0.23% or 0.10 points to end at 43.22 and Dow Inc (NYSE:DOW) was down 0.32% or 0.11 points to 33.79 in late trade.

The worst performers of the session were Caterpillar Inc (NYSE:CAT), which fell 3.32% or 3.61 points to trade at 105.00 at the close. JPMorgan Chase & Co (NYSE:JPM) declined 3.27% or 2.94 points to end at 87.03 and Goldman Sachs Group Inc (NYSE:GS) was down 3.25% or 5.95 points to 177.21.

The top performers on the S&P 500 were ONEOK Inc (NYSE:OKE) which rose 4.97% to 32.94, Marathon Oil Corporation (NYSE:MRO) which was up 3.65% to settle at 5.96 and Amcor (NYSE:AMCR) which gained 3.17% to close at 9.11.

The worst performers were Coty Inc (NYSE:COTY) which was down 9.41% to 4.33 in late trade, CBRE Group Inc Class A (NYSE:CBRE) which lost 8.87% to settle at 37.20 and Dentsply Sirona Inc (NASDAQ:XRAY) which was down 8.26% to 36.98 at the close.

The top performers on the NASDAQ Composite were Cymabay Therapeu (NASDAQ:CBAY) which rose 127.17% to 4.180, Novavax Inc (NASDAQ:NVAX) which was up 62.53% to settle at 39.82 and Helius Medical Technologies Inc Class A (NASDAQ:HSDT) which gained 52.94% to close at 0.650.

The worst performers were Genfit SA (NASDAQ:GNFT) which was down 67.73% to 7.10 in late trade, Advanced Emissions Solutions Inc (NASDAQ:ADES) which lost 33.03% to settle at 5.19 and Enochian Biosciences Inc (NASDAQ:ENOB) which was down 25.73% to 3.06 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2236 to 631 and 64 ended unchanged; on the Nasdaq Stock Exchange, 1979 fell and 689 advanced, while 46 ended unchanged.

Shares in Genfit SA (NASDAQ:GNFT) fell to all time lows; down 67.73% or 14.90 to 7.10. Shares in Novavax Inc (NASDAQ:NVAX) rose to 52-week highs; rising 62.53% or 15.32 to 39.82.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 19.84% to 33.04.

Gold Futures for June delivery was up 0.45% or 7.60 to $1705.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 5.10% or 1.23 to hit $25.37 a barrel, while the July Brent oil contract rose 0.14% or 0.04 to trade at $29.48 a barrel.

EUR/USD was up 0.01% to 1.0848, while USD/JPY unchanged 0.00% to 107.13.

The US Dollar Index Futures was down 0.23% at 100.037.

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