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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 2.72%

Published 06/24/2020, 05:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 2.72%
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Investing.com – U.S. stocks were lower after the close on Wednesday, as losses in the Oil & Gas, Industrials and Financials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 2.72%, while the S&P 500 index declined 2.59%, and the NASDAQ Composite index declined 2.19%.

The best performers of the session on the Dow Jones Industrial Average were Walmart Inc (NYSE:WMT), which fell 0.64% or 0.77 points to trade at 120.30 at the close. Meanwhile, Procter & Gamble Company (NYSE:PG) fell 1.11% or 1.31 points to end at 116.42 and McDonald’s Corporation (NYSE:MCD) was down 1.25% or 2.33 points to 184.29 in late trade.

The worst performers of the session were Dow Inc (NYSE:DOW), which fell 7.01% or 2.90 points to trade at 38.45 at the close. Boeing Co (NYSE:BA) declined 5.96% or 11.19 points to end at 176.69 and Exxon Mobil Corp (NYSE:XOM) was down 4.71% or 2.20 points to 44.50.

The top performers on the S&P 500 were Kroger Company (NYSE:KR) which rose 2.24% to 32.82, Tractor Supply Company (NASDAQ:TSCO) which was up 1.61% to settle at 131.34 and CH Robinson Worldwide Inc (NASDAQ:CHRW) which gained 1.59% to close at 78.54.

The worst performers were Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) which was down 12.37% to 15.80 in late trade, Royal Caribbean Cruises Ltd (NYSE:RCL) which lost 11.26% to settle at 48.24 and Carnival Corporation (NYSE:CCL) which was down 11.11% to 16.00 at the close.

The top performers on the NASDAQ Composite were Wins Finance Holdings Inc (NASDAQ:WINS) which rose 118.72% to 43.00, Professional Diversity Network Inc (NASDAQ:IPDN) which was up 67.03% to settle at 1.5200 and The9 Ltd ADR (NASDAQ:NCTY) which gained 58.98% to close at 0.983.

The worst performers were Castor Maritime Inc (NASDAQ:CTRM) which was down 32.30% to 0.426 in late trade, Avinger Inc (NASDAQ:AVGR) which lost 25.67% to settle at 0.290 and Biosig Technologies Inc (NASDAQ:BSGM) which was down 21.94% to 7.58 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2562 to 318 and 56 ended unchanged; on the Nasdaq Stock Exchange, 2256 fell and 474 advanced, while 30 ended unchanged.

Shares in Tractor Supply Company (NASDAQ:TSCO) rose to all time highs; up 1.61% or 2.08 to 131.34. Shares in Castor Maritime Inc (NASDAQ:CTRM) fell to all time lows; losing 32.30% or 0.203 to 0.426.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 7.87% to 33.84.

Gold Futures for August delivery was down 0.56% or 10.00 to $1772.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 5.72% or 2.31 to hit $38.06 a barrel, while the August Brent oil contract fell 0.02% or 0.01 to trade at $40.33 a barrel.

EUR/USD was up 0.05% to 1.1256, while USD/JPY rose 0.03% to 107.06.

The US Dollar Index Futures was up 0.61% at 97.198.

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