U.S. shares lower at close of trade; Dow Jones Industrial Average down 1.77%

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U.S. shares lower at close of trade; Dow Jones Industrial Average down 1.77%
Credit: © Reuters.

Investing.com – U.S. equities were lower at the close on Friday, as losses in the Technology , Financials and Basic Materials sectors propelled shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 1.77% to hit a new 3-month low, while the S&P 500 index lost 2.10%, and the NASDAQ Composite index fell 2.43%.

The biggest gainers of the session on the Dow Jones Industrial Average were Boeing Co (NYSE: BA ), which rose 0.43% or 1.39 points to trade at 321.00 at the close. Nike Inc (NYSE: NKE ) added 0.33% or 0.21 points to end at 64.63 and Chevron Corporation (NYSE: CVX ) was down 0.63% or 0.71 points to 112.98 in late trade.

Biggest losers included DowDuPont Inc (NYSE: DWDP ), which lost 3.90% or 2.56 points to trade at 63.06 in late trade. 3M Company (NYSE: MMM ) declined 3.50% or 7.81 points to end at 215.36 and Pfizer Inc (NYSE: PFE ) shed 3.12% or 1.11 points to 34.49.

The top performers on the S&P 500 were Foot Locker Inc (NYSE: FL ) which rose 4.44% to 43.74, Newmont Mining Corporation (NYSE: NEM ) which was up 3.06% to settle at 38.76 and Cintas Corporation (NASDAQ: CTAS ) which gained 2.91% to close at 167.85.

The worst performers were Western Digital Corporation (NASDAQ: WDC ) which was down 8.42% to 92.34 in late trade, Micron Technology Inc (NASDAQ: MU ) which lost 7.99% to settle at 54.21 and Applied Materials Inc (NASDAQ: AMAT ) which was down 6.07% to 55.38 at the close.

The top performers on the NASDAQ Composite were iFresh Inc (NASDAQ: IFMK ) which rose 25.96% to 9.22, Caredx Inc (NASDAQ: CDNA ) which was up 25.75% to settle at 7.520 and Innovate Biopharmaceuticals Inc (NASDAQ: INNT ) which gained 20.20% to close at 25.65.

The worst performers were Sphere 3D Corp (NASDAQ: ANY ) which was down 26.29% to 1.290 in late trade, Ferroglobe PLC (NASDAQ: GSM ) which lost 23.66% to settle at 11.09 and HTG Molecular Diagnostics Inc (NASDAQ: HTGM ) which was down 17.07% to 4.470 at the close.

Declining stocks outnumbered rising ones by 2454 to 641 and 101 ended unchanged; on the Nasdaq Stock Exchange, 2010 fell and 547 advanced, while 95 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index , which measures the implied volatility of S&P 500 options, was up 6.21% to 24.79 a new 1-month high.

In commodities trading, Gold Futures for April delivery was up 1.54% or 20.40 to $1347.80 a troy ounce. Meanwhile, Crude oil for delivery in May rose 2.57% or 1.65 to hit $65.95 a barrel, while the May Brent oil contract rose 2.35% or 1.62 to trade at $70.53 a barrel.

EUR/USD was up 0.46% to 1.2358, while USD/JPY fell 0.43% to 104.83.

The US Dollar Index Futures was down 0.45% at 89.07.

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