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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 2.37%

Published 08/23/2019, 05:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 2.37%
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Investing.com – U.S. stocks were lower after the close on Friday, as losses in the Oil & Gas, Technology and Industrials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 2.37%, while the S&P 500 index declined 2.59%, and the NASDAQ Composite index declined 3.00%.

The best performers of the session on the Dow Jones Industrial Average were Boeing Co (NYSE:BA), which rose 0.52% or 1.84 points to trade at 356.25 at the close. Meanwhile, UnitedHealth Group Incorporated (NYSE:UNH) fell 0.95% or 2.22 points to end at 230.67 and Walmart Inc (NYSE:WMT) was down 0.96% or 1.07 points to 110.84 in late trade.

The worst performers of the session were Apple Inc (NASDAQ:AAPL), which fell 4.62% or 9.82 points to trade at 202.64 at the close. Intel Corporation (NASDAQ:INTC) declined 3.89% or 1.82 points to end at 44.96 and American Express Company (NYSE:AXP) was down 3.65% or 4.46 points to 117.81.

The top performers on the S&P 500 were Salesforce.com Inc (NYSE:CRM) which rose 2.19% to 151.49, Newmont Goldcorp Corp (NYSE:NEM) which was up 2.16% to settle at 39.32 and Intuit Inc (NASDAQ:INTU) which gained 1.10% to close at 278.74.

The worst performers were Foot Locker Inc (NYSE:FL) which was down 18.92% to 33.99 in late trade, L Brands Inc (NYSE:LB) which lost 9.31% to settle at 17.53 and Hasbro Inc (NASDAQ:HAS) which was down 8.94% to 104.13 at the close.

The top performers on the NASDAQ Composite were Fuwei Films Holdings Co Ltd (NASDAQ:FFHL) which rose 217.77% to 6.2600, Liquid Media Group Ltd (NASDAQ:YVR) which was up 24.02% to settle at 1.563 and KemPharm Inc (NASDAQ:KMPH) which gained 22.89% to close at 0.89.

The worst performers were TuanChe ADR (NASDAQ:TC) which was down 31.32% to 2.61 in late trade, American Resources Corp Class A (NASDAQ:AREC) which lost 28.41% to settle at 0.80 and Craft Brew Alliance Inc (NASDAQ:BREW) which was down 20.60% to 10.29 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2543 to 443 and 20 ended unchanged; on the Nasdaq Stock Exchange, 2289 fell and 381 advanced, while 67 ended unchanged.

Shares in Foot Locker Inc (NYSE:FL) fell to 52-week lows; losing 18.92% or 7.93 to 33.99. Shares in L Brands Inc (NYSE:LB) fell to 5-year lows; falling 9.31% or 1.80 to 17.53. Shares in Fuwei Films Holdings Co Ltd (NASDAQ:FFHL) rose to 5-year highs; up 217.77% or 4.2900 to 6.2600. Shares in American Resources Corp Class A (NASDAQ:AREC) fell to 52-week lows; falling 28.41% or 0.32 to 0.80. Shares in Craft Brew Alliance Inc (NASDAQ:BREW) fell to 3-years lows; losing 20.60% or 2.67 to 10.29.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 19.12% to 19.87.

Gold Futures for December delivery was up 1.87% or 28.25 to $1536.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 2.53% or 1.40 to hit $53.95 a barrel, while the October Brent oil contract fell 1.32% or 0.79 to trade at $59.13 a barrel.

EUR/USD was up 0.58% to 1.1142, while USD/JPY fell 0.95% to 105.41.

The US Dollar Index Futures was down 0.52% at 97.550.

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