U.S. shares lower at close of trade; Dow Jones Industrial Average down 2.59%

Investing.com – U.S. equities were lower at the close on Thursday, as losses in the Telecoms , Financials and Industrials sectors propelled shares lower.

At the close in NYSE, the Dow Jones Industrial Average lost 2.59% to hit a new 1-month low, while the S&P 500 index declined 2.24%, and the NASDAQ Composite index declined 2.33%.

The biggest gainers of the session on the Dow Jones Industrial Average were Exxon Mobil Corporation (NYSE: XOM ), which fell 0.29% or 0.22 points to trade at 76.72 at the close. Apple Inc (NASDAQ: AAPL ) fell 0.37% or 0.59 points to end at 158.95 and Procter & Gamble Company (NYSE: PG ) was down 1.01% or 0.83 points to 81.01 in late trade.

Biggest losers included General Electric Company (NYSE: GE ), which lost 4.03% or 0.62 points to trade at 14.63 in late trade. American Express Company (NYSE: AXP ) declined 3.74% or 3.50 points to end at 90.11 and Caterpillar Inc (NYSE: CAT ) shed 3.78% or 5.84 points to 148.50.

The top performers on the S&P 500 were Coty Inc (NYSE: COTY ) which rose 15.70% to 20.23, Viacom B Inc (NASDAQ: VIAB ) which was up 9.28% to settle at 33.34 and Fiserv Inc (NASDAQ: FISV ) which gained 5.16% to close at 135.83.

The worst performers were Hanesbrands Inc (NYSE: HBI ) which was down 9.84% to 19.80 in late trade, Nielsen Holdings (NYSE: NLSN ) which lost 8.49% to settle at 34.37 and Michael Kors Holdings Limited (NYSE: KORS ) which was down 7.76% to 60.98 at the close.

The top performers on the NASDAQ Composite were Infinera Corporation (NASDAQ: INFN ) which rose 29.57% to 8.94, Virtu Financial Inc (NASDAQ: VIRT ) which was up 28.68% to settle at 25.80 and NXT-ID Inc (NASDAQ: NXTD ) which gained 25.75% to close at 2.5150.

The worst performers were Collectors Universe Inc (NASDAQ: CLCT ) which was down 32.44% to 17.93 in late trade, iRobot Corporation (NASDAQ: IRBT ) which lost 31.62% to settle at 60.20 and Gemphire Therapeutics Inc (NASDAQ: GEMP ) which was down 29.11% to 6.26 at the close.

Declining stocks outnumbered rising ones by 2590 to 551 and 31 ended unchanged; on the Nasdaq Stock Exchange, 2023 fell and 509 advanced, while 83 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index , which measures the implied volatility of S&P 500 options, was up 14.57% to 31.77.

In commodities trading, Gold Futures for April delivery was up 0.39% or 5.10 to $1319.70 a troy ounce. Meanwhile, Crude oil for delivery in March fell 1.81% or 1.12 to hit $60.67 a barrel, while the April Brent oil contract fell 1.63% or 1.07 to trade at $64.44 a barrel.

EUR/USD was down 0.04% to 1.2257, while USD/JPY fell 0.48% to 108.85.

The US Dollar Index Futures was down 0.01% at 90.15.