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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 2.24%

Published 12/07/2018, 04:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 2.24%
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Investing.com – U.S. stocks were lower after the close on Friday, as losses in the Technology, Consumer Services and Basic Materials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 2.24%, while the S&P 500 index lost 2.33%, and the NASDAQ Composite index lost 3.05%.

The best performers of the session on the Dow Jones Industrial Average were Johnson & Johnson (NYSE:JNJ), which fell 0.33% or 0.48 points to trade at 145.43 at the close. Meanwhile, Chevron Corp (NYSE:CVX) fell 0.36% or 0.42 points to end at 115.49 and Coca-Cola Company (NYSE:KO) was down 0.59% or 0.29 points to 49.09 in late trade.

The worst performers of the session were Intel Corporation (NASDAQ:INTC), which fell 4.40% or 2.13 points to trade at 46.24 at the close. Cisco Systems Inc (NASDAQ:CSCO) declined 4.03% or 1.95 points to end at 46.44 and Microsoft Corporation (NASDAQ:MSFT) was down 4.00% or 4.37 points to 104.82.

The top performers on the S&P 500 were PPL Corporation (NYSE:PPL) which rose 2.81% to 31.09, EQT Corporation (NYSE:EQT) which was up 2.33% to settle at 18.41 and Newmont Mining Corporation (NYSE:NEM) which gained 2.24% to close at 33.39.

The worst performers were Ulta Beauty Inc (NASDAQ:ULTA) which was down 13.13% to 254.47 in late trade, Cooper Companies Inc (NYSE:COO) which lost 12.28% to settle at 243.01 and American Airlines Group (NASDAQ:AAL) which was down 9.12% to 33.57 at the close.

The top performers on the NASDAQ Composite were Domo Inc (NASDAQ:DOMO) which rose 30.52% to 20.40, Uxin Ltd (NASDAQ:UXIN) which was up 24.47% to settle at 4.68 and Cronos Group Inc (NASDAQ:CRON) which gained 21.72% to close at 12.7200.

The worst performers were Viveve Medical Inc (NASDAQ:VIVE) which was down 27.42% to 1.3500 in late trade, United Natural Foods Inc (NASDAQ:UNFI) which lost 24.58% to settle at 14.88 and Akorn Inc (NASDAQ:AKRX) which was down 23.79% to 4.26 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2094 to 956 and 101 ended unchanged; on the Nasdaq Stock Exchange, 1919 fell and 723 advanced, while 85 ended unchanged.

Shares in Viveve Medical Inc (NASDAQ:VIVE) fell to 3-years lows; down 27.42% or 0.5100 to 1.3500. Shares in United Natural Foods Inc (NASDAQ:UNFI) fell to 5-year lows; losing 24.58% or 4.85 to 14.88. Shares in Akorn Inc (NASDAQ:AKRX) fell to 5-year lows; losing 23.79% or 1.33 to 4.26.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 9.63% to 23.23 a new 1-month high.

Gold Futures for February delivery was up 0.82% or 10.15 to $1253.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 1.63% or 0.84 to hit $52.33 a barrel, while the February Brent oil contract rose 2.28% or 1.37 to trade at $61.43 a barrel.

EUR/USD was up 0.25% to 1.1406, while USD/JPY unchanged 0.00% to 112.68.

The US Dollar Index Futures was down 0.18% at 96.585.

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