U.S. shares lower at close of trade; Dow Jones Industrial Average down 1.86%

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U.S. shares lower at close of trade; Dow Jones Industrial Average down 1.86%
Credit: © Reuters.

Investing.com – U.S. equities were lower at the close on Tuesday, as losses in the Telecoms , Utilities and Basic Materials sectors propelled shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 1.86% to hit a new 1-month low, while the S&P 500 index lost 1.90%, and the NASDAQ Composite index declined 1.55%.

The biggest gainers of the session on the Dow Jones Industrial Average were Apple Inc (NASDAQ: AAPL ), which rose 3.16% or 5.06 points to trade at 165.30 at the close. Merck & Company Inc (NYSE: MRK ) added 0.03% or 0.02 points to end at 74.91 and Boeing Co (NYSE: BA ) was down 0.33% or 0.65 points to 197.85 in late trade.

Biggest losers included Salesforce.com Inc (NYSE: CRM ), which lost 3.97% or 11.78 points to trade at 284.96 in late trade. The Travelers Companies Inc (NYSE: TRV ) declined 3.58% or 5.45 points to end at 146.95 and American Express Company (NYSE: AXP ) shed 3.52% or 5.56 points to 152.30.

The top performers on the S&P 500 were Apple Inc (NASDAQ: AAPL ) which rose 3.16% to 165.30, Pfizer Inc (NYSE: PFE ) which was up 2.54% to settle at 53.73 and Nektar Therapeutics (NASDAQ: NKTR ) which gained 1.35% to close at 11.26.

The worst performers were Gap Inc (NYSE: GPS ) which was down 7.13% to 16.53 in late trade, Quanta Services Inc (NYSE: PWR ) which lost 6.49% to settle at 113.78 and Intuit Inc (NASDAQ: INTU ) which was down 6.10% to 652.30 at the close.

The top performers on the NASDAQ Composite were Cumberland Pharmaceuticals Inc (NASDAQ: CPIX ) which rose 128.64% to 5.030, TOMI Environmental Solutions Inc (NASDAQ: TOMZ ) which was up 49.14% to settle at 1.730 and MEI Pharma Inc (NASDAQ: MEIP ) which gained 37.55% to close at 3.370.

The worst performers were Aeroclean Technologies LLC (NASDAQ: AERC ) which was down 78.70% to 25.00 in late trade, Olema Pharmaceuticals Inc (NASDAQ: OLMA ) which lost 60.02% to settle at 8.75 and TG Therapeutics Inc (NASDAQ: TGTX ) which was down 34.93% to 15.20 at the close.

Declining stocks outnumbered rising ones by 2650 to 652 and 105 ended unchanged; on the Nasdaq Stock Exchange, 2643 fell and 1133 advanced, while 166 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index , which measures the implied volatility of S&P 500 options, was up 18.42% to 27.19.

In commodities trading, Gold Futures for February delivery was down 0.50% or 9.00 to $1776.20 a troy ounce. Meanwhile, Crude oil for delivery in January fell 4.30% or 3.01 to hit $66.94 a barrel, while the February Brent oil contract rose 0.06% or 0.04 to trade at $70.19 a barrel.

EUR/USD was up 0.04% to 1.1341, while USD/JPY rose 0.01% to 113.14.

The US Dollar Index Futures was down 0.45% at 95.900.

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