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

Investing.com – U.S. equities were lower at the close on Monday, as losses in the Technology , Consumer Services and Industrials sectors propelled shares lower.

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

The biggest gainers 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. 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.

Biggest losers included Apple Inc (NASDAQ: AAPL ), which lost 5.81% or 11.46 points to trade at 185.72 in late trade. Boeing Co (NYSE: BA ) declined 4.88% or 17.30 points to end at 337.37 and Caterpillar Inc (NYSE: CAT ) shed 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.

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

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

In commodities trading, Gold Futures for June delivery was up 1.04% or 13.40 to $1300.80 a troy ounce. Meanwhile, 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 0.02% to 1.1225, while USD/JPY fell 0.03% to 109.27.

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