Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.90%

Published 04/02/2018, 04:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.90%
US500
-
DJI
-
INTC
-
CSCO
-
MCD
-
AAPL
-
WMT
-
HUM
-
UNH
-
SCG
-
IXIC
-
ALKS
-
RSLS
-
SLS
-
OREXQ
-
SORL_old
-
DJUSNC
-
DJUSCY
-
DJUSTC
-
CXO
-
IDEXQ
-
SIG
-
ALK
-
VIX
-

Investing.com – U.S. stocks were lower after the close on Monday, as losses in the Consumer Services, Technology and Consumer Goods sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 1.90%, while the S&P 500 index fell 2.23%, and the NASDAQ Composite index lost 2.74%.

The best performers of the session on the Dow Jones Industrial Average were UnitedHealth Group Incorporated (NYSE:UNH), which rose 1.50% or 3.20 points to trade at 217.20 at the close. Meanwhile, McDonald’s Corporation (NYSE:MCD) added 0.86% or 1.34 points to end at 157.72 and Apple Inc (NASDAQ:AAPL) was down 0.66% or 1.10 points to 166.68 in late trade.

The worst performers of the session were Intel Corporation (NASDAQ:INTC), which fell 6.07% or 3.16 points to trade at 48.92 at the close. Cisco Systems Inc (NASDAQ:CSCO) declined 4.38% or 1.88 points to end at 41.01 and Walmart Inc (NYSE:WMT) was down 3.84% or 3.42 points to 85.55.

The top performers on the S&P 500 were Humana Inc (NYSE:HUM) which rose 4.42% to 280.70, UnitedHealth Group Incorporated (NYSE:UNH) which was up 1.50% to settle at 217.20 and Scana Corporation (NYSE:SCG) which gained 1.30% to close at 38.04.

The worst performers were Alaska Air Group Inc (NYSE:ALK) which was down 6.79% to 57.75 in late trade, Concho Resources Inc (NYSE:CXO) which lost 6.59% to settle at 140.42 and Signet Jewelers Ltd (NYSE:SIG) which was down 6.33% to 36.08 at the close.

The top performers on the NASDAQ Composite were Sellas Life Sciences Group Inc (NASDAQ:SLS) which rose 150.72% to 8.6500, Orexigen Therapeutics Inc (NASDAQ:OREX) which was up 62.71% to settle at 0.340 and Wecast Network Inc (NASDAQ:SSC) which gained 22.07% to close at 2.600.

The worst performers were Reshape Lifesciences Inc (NASDAQ:RSLS) which was down 55.86% to 0.6400 in late trade, SORL Auto Parts Inc (NASDAQ:SORL) which lost 23.35% to settle at 4.990 and Alkermes Plc (NASDAQ:ALKS) which was down 21.96% to 45.23 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2507 to 615 and 89 ended unchanged; on the Nasdaq Stock Exchange, 2086 fell and 502 advanced, while 77 ended unchanged.

Shares in Alaska Air Group Inc (NYSE:ALK) fell to 52-week lows; falling 6.79% or 4.21 to 57.75. Shares in Signet Jewelers Ltd (NYSE:SIG) fell to 5-year lows; losing 6.33% or 2.44 to 36.08. Shares in Reshape Lifesciences Inc (NASDAQ:RSLS) fell to 5-year lows; falling 55.86% or 0.8100 to 0.6400. Shares in Alkermes Plc (NASDAQ:ALKS) fell to 52-week lows; losing 21.96% or 12.73 to 45.23.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 17.53% to 23.47.

Gold Futures for June delivery was up 1.37% or 18.20 to $1345.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 2.80% or 1.82 to hit $63.12 a barrel, while the June Brent oil contract fell 2.25% or 1.56 to trade at $67.78 a barrel.

EUR/USD was down 0.15% to 1.2302, while USD/JPY fell 0.33% to 105.93.

The US Dollar Index Futures was down 0.06% at 89.70.

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.