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

Published 03/07/2022, 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 Monday, as losses in the Consumer Services, Technology and Financials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average lost 2.37% to hit a new 6-months low, while the S&P 500 index declined 2.95%, and the NASDAQ Composite index lost 3.62%.

The best performers of the session on the Dow Jones Industrial Average were Chevron Corp (NYSE:CVX), which rose 2.14% or 3.39 points to trade at 162.04 at the close. Meanwhile, Johnson & Johnson (NYSE:JNJ) added 1.61% or 2.73 points to end at 172.21 and Amgen Inc (NASDAQ:AMGN) was up 0.62% or 1.45 points to 234.36 in late trade.

The worst performers of the session were American Express Company (NYSE:AXP), which fell 7.99% or 13.82 points to trade at 159.13 at the close. Boeing Co (NYSE:BA) declined 6.45% or 11.67 points to end at 169.17 and Nike Inc (NYSE:NKE) was down 5.14% or 6.74 points to 124.44.

The top performers on the S&P 500 were Schlumberger NV (NYSE:SLB) which rose 8.12% to 42.10, Halliburton Company (NYSE:HAL) which was up 6.18% to settle at 36.24 and Nextera Energy Inc (NYSE:NEE) which gained 4.95% to close at 84.18.

The worst performers were PVH Corp (NYSE:PVH) which was down 15.37% to 66.99 in late trade, United Airlines Holdings Inc (NASDAQ:UAL) which lost 15.01% to settle at 31.20 and Fortinet Inc (NASDAQ:FTNT) which was down 13.14% to 291.37 at the close.

The top performers on the NASDAQ Composite were Imperial Petroleum Inc (NASDAQ:IMPP) which rose 121.89% to 7.50, Oceanpal Inc (NASDAQ:OP) which was up 101.60% to settle at 1.26 and Marine Petroleum Trust (NASDAQ:MARPS) which gained 69.85% to close at 12.11.

The worst performers were Atreca Inc (NASDAQ:BCEL) which was down 38.27% to 3.21 in late trade, Inspirato Inc (NASDAQ:ISPO) which lost 37.26% to settle at 26.65 and IO Biotech Inc (NASDAQ:IOBT) which was down 31.77% to 4.21 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2538 to 737 and 110 ended unchanged; on the Nasdaq Stock Exchange, 2782 fell and 1060 advanced, while 253 ended unchanged.

Shares in Schlumberger NV (NYSE:SLB) rose to 52-week highs; rising 8.12% or 3.16 to 42.10. Shares in PVH Corp (NYSE:PVH) fell to 52-week lows; losing 15.37% or 12.17 to 66.99. Shares in Halliburton Company (NYSE:HAL) rose to 3-years highs; up 6.18% or 2.11 to 36.24. Shares in United Airlines Holdings Inc (NASDAQ:UAL) fell to 52-week lows; losing 15.01% or 5.51 to 31.20. Shares in Chevron Corp (NYSE:CVX) rose to all time highs; rising 2.14% or 3.39 to 162.04. Shares in Boeing Co (NYSE:BA) fell to 52-week lows; down 6.45% or 11.67 to 169.17. Shares in Nike Inc (NYSE:NKE) fell to 52-week lows; losing 5.14% or 6.74 to 124.44. Shares in Imperial Petroleum Inc (NASDAQ:IMPP) rose to all time highs; gaining 121.89% or 4.12 to 7.50. Shares in Marine Petroleum Trust (NASDAQ:MARPS) rose to 5-year highs; up 69.85% or 4.98 to 12.11. Shares in IO Biotech Inc (NASDAQ:IOBT) fell to all time lows; falling 31.77% or 1.96 to 4.21.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 13.98% to 36.45 a new 52-week high.

Gold Futures for April delivery was up 1.78% or 35.10 to $2,001.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 4.07% or 4.71 to hit $120.39 a barrel, while the May Brent oil contract rose 0.28% or 0.35 to trade at $124.51 a barrel.

EUR/USD was unchanged 0.02% to 1.09, while USD/JPY fell 0.00% to 115.29.

The US Dollar Index Futures was up 0.59% at 99.26.

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