U.S. shares lower at close of trade; Dow Jones Industrial Average down 1.41%

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U.S. shares lower at close of trade; Dow Jones Industrial Average down 1.41%

Investing.com – U.S. equities were lower at the close on Friday, as losses in the Telecoms , Technology and Oil & Gas sectors propelled shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 1.41% to hit a new 3-month low, while the S&P 500 index lost 1.32%, and the NASDAQ Composite index lost 1.51%.

The biggest gainers of the session on the Dow Jones Industrial Average were McDonald’s Corporation (NYSE: MCD ), which rose 0.10% or 0.19 points to trade at 198.27 at the close. The Travelers Companies Inc (NYSE: TRV ) fell 0.11% or 0.16 points to end at 145.57 and Walt Disney Company (NYSE: DIS ) was down 0.12% or 0.16 points to 132.04 in late trade.

Biggest losers included Verizon Communications Inc (NYSE: VZ ), which lost 4.36% or 2.48 points to trade at 54.35 in late trade. Dow Inc (NYSE: DOW ) declined 3.53% or 1.71 points to end at 46.76 and Cisco Systems Inc (NASDAQ: CSCO ) shed 2.87% or 1.54 points to 52.03.

The top performers on the S&P 500 were Cooper Companies Inc (NYSE: COO ) which rose 3.96% to 297.79, DISH Network Corporation (NASDAQ: DISH ) which was up 3.88% to settle at 36.11 and Dollar Tree Inc (NASDAQ: DLTR ) which gained 3.34% to close at 101.59.

The worst performers were Gap Inc (NYSE: GPS ) which was down 9.32% to 18.68 in late trade, Sysco Corporation (NYSE: SYY ) which lost 7.65% to settle at 68.82 and Mattel Inc (NASDAQ: MAT ) which was down 7.16% to 9.85 at the close.

The top performers on the NASDAQ Composite were DelMar Pharmaceuticals Inc (NASDAQ: DMPI ) which rose 141.42% to 4.080, Stellar Biotechnologies Inc (NASDAQ: SBOT ) which was up 62.50% to settle at 1.950 and AVEO Pharmaceuticals Inc (NASDAQ: AVEO ) which gained 29.63% to close at 0.8562.

The worst performers were Organovo Holdings Inc (NASDAQ: ONVO ) which was down 31.35% to 0.553 in late trade, CytRx Corp (NASDAQ: CYTR ) which lost 26.05% to settle at 0.380 and XBiotech Inc (NASDAQ: XBIT ) which was down 20.70% to 7.20 at the close.

Declining stocks outnumbered rising ones by 2085 to 923 and 78 ended unchanged; on the Nasdaq Stock Exchange, 2035 fell and 648 advanced, while 73 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index , which measures the implied volatility of S&P 500 options, was up 8.15% to 18.71.

In commodities trading, Gold Futures for June delivery was up 1.43% or 18.40 to $1305.50 a troy ounce. Meanwhile, Crude oil for delivery in July fell 5.69% or 3.22 to hit $53.37 a barrel, while the August Brent oil contract fell 5.57% or 3.64 to trade at $61.69 a barrel.

EUR/USD was up 0.44% to 1.1179, while USD/JPY fell 1.19% to 108.30.

The US Dollar Index Futures was down 0.39% at 97.675.

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