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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 2.38%

Published 05/13/2019, 05:25 PM
© Reuters. U.S. stocks lower at close of trade; Dow Jones Industrial Average down 2.38%
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Investing.com – U.S. stocks were lower after the close on Monday, as losses in the Technology, Consumer Services and Industrials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 2.38% to hit a new 3-months low, while the S&P 500 index lost 2.41%, and the NASDAQ Composite index declined 3.41%.

The best performers of the session on the Dow Jones Industrial Average were Procter & Gamble Company (NYSE:PG), which rose 0.09% or 0.10 points to trade at 106.11 at the close. Meanwhile, Verizon Communications Inc (NYSE:VZ) fell 0.28% or 0.16 points to end at 56.75 and Coca-Cola Company (NYSE:KO) was down 0.29% or 0.14 points to 48.05 in late trade.

The worst performers of the session were Apple Inc (NASDAQ:AAPL), which fell 5.81% or 11.46 points to trade at 185.72 at the close. Boeing Co (NYSE:BA) declined 4.88% or 17.30 points to end at 337.37 and Caterpillar Inc (NYSE:CAT) was down 4.60% or 6.04 points to 125.30.

The top performers on the S&P 500 were Newmont Goldcorp Corp (NYSE:NEM) which rose 2.52% to 30.91, American Water Works (NYSE:AWK) which was up 2.24% to settle at 110.69 and HCP Inc (NYSE:HCP) which gained 2.04% to close at 30.95.

The worst performers were Signet Jewelers Ltd (NYSE:SIG) which was down 11.89% to 20.16 in late trade, Mylan NV (NASDAQ:MYL) which lost 9.43% to settle at 20.08 and Chesapeake Energy Corporation (NYSE:CHK) which was down 8.05% to 2.400 at the close.

The top performers on the NASDAQ Composite were Reven Housing Reit Inc (NASDAQ:RVEN) which rose 36.55% to 4.57, ClearSign Combustion Corporation (NASDAQ:CLIR) which was up 18.89% to settle at 1.070 and PAM Transportation Services Inc (NASDAQ:PTSI) which gained 19.18% to close at 55.36.

The worst performers were Insys Therapeutics Inc (NASDAQ:INSY) which was down 73.61% to 0.95 in late trade, ARC Group Worldwide Inc (NASDAQ:ARCW) which lost 23.66% to settle at 0.500 and Taronis Technologies Inc (NASDAQ:TRNX) which was down 22.60% to 0.441 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2517 to 507 and 67 ended unchanged; on the Nasdaq Stock Exchange, 2269 fell and 415 advanced, while 46 ended unchanged.

Shares in Signet Jewelers Ltd (NYSE:SIG) fell to 5-year lows; losing 11.89% or 2.72 to 20.16. Shares in American Water Works (NYSE:AWK) rose to all time highs; up 2.24% or 2.42 to 110.69. Shares in Mylan NV (NASDAQ:MYL) fell to 5-year lows; falling 9.43% or 2.09 to 20.08. Shares in Reven Housing Reit Inc (NASDAQ:RVEN) rose to 52-week highs; rising 36.55% or 1.22 to 4.57. Shares in Insys Therapeutics Inc (NASDAQ:INSY) fell to 5-year lows; losing 73.61% or 2.65 to 0.95. Shares in ARC Group Worldwide Inc (NASDAQ:ARCW) fell to 5-year lows; down 23.66% or 0.155 to 0.500. Shares in Taronis Technologies Inc (NASDAQ:TRNX) fell to 3-years lows; losing 22.60% or 0.129 to 0.441.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 28.12% to 20.55 a new 3-months high.

Gold Futures for June delivery was up 1.04% or 13.40 to $1300.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 1.33% or 0.82 to hit $60.84 a barrel, while the July Brent oil contract unchanged 0.00% or 0.00 to trade at $69.92 a barrel.

EUR/USD was up 0.01% to 1.1224, while USD/JPY fell 0.03% to 109.27.

The US Dollar Index Futures was up 0.04% at 97.160.

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