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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 3.12%

Published 05/05/2022, 04:25 PM
Updated 05/05/2022, 04:30 PM
©  Reuters U.S. stocks lower at close of trade; Dow Jones Industrial Average down 3.12%
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DJI
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KO
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Investing.com – U.S. stocks were lower after the close on Thursday, as losses in the Technology, Consumer Services and Consumer Goods sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average lost 3.12%, while the S&P 500 index fell 3.57%, and the NASDAQ Composite index declined 4.99%.

The best performers of the session on the Dow Jones Industrial Average were Chevron Corp (NYSE:CVX), which fell 0.79% or 1.33 points to trade at 166.26 at the close. Meanwhile, Coca-Cola Co (NYSE:KO) fell 0.80% or 0.52 points to end at 64.51 and Amgen Inc (NASDAQ:AMGN) was down 0.74% or 1.75 points to 234.35 in late trade.

The worst performers of the session were Salesforce.com Inc (NYSE:CRM), which fell 7.11% or 13.18 points to trade at 172.30 at the close. Nike Inc (NYSE:NKE) declined 5.89% or 7.43 points to end at 118.63 and Apple Inc (NASDAQ:AAPL) was down 5.57% or 9.25 points to 156.77.

The top performers on the S&P 500 were EPAM Systems Inc (NYSE:EPAM) which rose 10.68% to 346.00, Albemarle Corp (NYSE:ALB) which was up 9.76% to settle at 236.50 and Organon & Co (NYSE:OGN) which gained 5.06% to close at 34.87.

The worst performers were Etsy Inc (NASDAQ:ETSY) which was down 16.83% to 90.93 in late trade, Cognizant Technology Solutions Corp Class A (NASDAQ:CTSH) which lost 12.75% to settle at 73.60 and eBay Inc (NASDAQ:EBAY) which was down 11.72% to 48.04 at the close.

The top performers on the NASDAQ Composite were Cyngn Inc (NASDAQ:CYN) which rose 17.98% to 3.74, Better Therapeutics Inc (NASDAQ:BTTX) which was up 7.83% to settle at 2.34 and Hudson Technologies Inc (NASDAQ:HDSN) which gained 26.89% to close at 9.06.

The worst performers were Bioatla Inc (NASDAQ:BCAB) which was down 41.18% to 2.40 in late trade, Nephros Inc (NASDAQ:NEPH) which lost 40.59% to settle at 2.53 and Singularity Future Technology Ltd (NASDAQ:SGLY) which was down 28.89% to 4.80 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2853 to 354 and 97 ended unchanged; on the Nasdaq Stock Exchange, 3174 fell and 607 advanced, while 221 ended unchanged.

Shares in Etsy Inc (NASDAQ:ETSY) fell to 52-week lows; falling 16.83% or 18.40 to 90.93. Shares in eBay Inc (NASDAQ:EBAY) fell to 52-week lows; losing 11.72% or 6.38 to 48.04. Shares in Bioatla Inc (NASDAQ:BCAB) fell to all time lows; down 41.18% or 1.68 to 2.40. Shares in Nephros Inc (NASDAQ:NEPH) fell to 3-years lows; losing 40.59% or 1.73 to 2.53. Shares in Hudson Technologies Inc (NASDAQ:HDSN) rose to 3-years highs; gaining 26.89% or 1.92 to 9.06.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 22.74% to 31.20.

Gold Futures for June delivery was up 0.57% or 10.56 to $1,879.36 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.53% or 0.57 to hit $108.38 a barrel, while the July Brent oil contract rose 0.76% or 0.84 to trade at $110.98 a barrel.

EUR/USD was down 0.73% to 1.05, while USD/JPY rose 0.83% to 130.13.

The US Dollar Index Futures was up 0.93% at 103.55.

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