U.S. shares lower at close of trade; Dow Jones Industrial Average down 1.99%

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U.S. shares lower at close of trade; Dow Jones Industrial Average down 1.99%
Credit: © Reuters.

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

At the close in NYSE, the Dow Jones Industrial Average fell 1.99% to hit a new 1-month low, while the S&P 500 index declined 2.15%, and the NASDAQ Composite index lost 2.67%.

The biggest gainers of the session on the Dow Jones Industrial Average were Merck & Company Inc (NYSE: MRK ), which rose 0.68% or 0.53 points to trade at 77.99 at the close. Chevron Corp (NYSE: CVX ) added 0.63% or 0.67 points to end at 107.37 and Honeywell International Inc (NYSE: HON ) was unchanged 0.00% or 0.00 points to 230.94 in late trade.

Biggest losers included Home Depot Inc (NYSE: HD ), which lost 4.13% or 13.67 points to trade at 316.99 in late trade. Boeing Co (NYSE: BA ) declined 3.54% or 8.10 points to end at 220.78 and Microsoft Corporation (NASDAQ: MSFT ) shed 2.91% or 7.17 points to 239.06.

The top performers on the S&P 500 were NortonLifeLock Inc (NASDAQ: NLOK ) which rose 7.24% to 25.04, Viatris Inc (NASDAQ: VTRS ) which was up 3.76% to settle at 15.71 and Perrigo Company PLC (NYSE: PRGO ) which gained 3.18% to close at 45.75.

The worst performers were TripAdvisor Inc (NASDAQ: TRIP ) which was down 9.44% to 41.16 in late trade, Gap Inc (NYSE: GPS ) which lost 8.02% to settle at 32.46 and Macerich Company (NYSE: MAC ) which was down 7.78% to 13.04 at the close.

The top performers on the NASDAQ Composite were Curis Inc (NASDAQ: CRIS ) which rose 65.51% to 16.270, Lucira Health Inc (NASDAQ: LHDX ) which was up 42.04% to settle at 7.23 and Autolus Therapeutics Ltd (NASDAQ: AUTL ) which gained 35.87% to close at 6.78.

The worst performers were Array Technologies Inc (NASDAQ: ARRY ) which was down 46.13% to 13.44 in late trade, Lianluo Smart Ltd (NASDAQ: LLIT ) which lost 36.28% to settle at 6.2000 and FTC Solar Inc (NASDAQ: FTCI ) which was down 24.79% to 8.80 at the close.

Declining stocks outnumbered rising ones by 2798 to 453 and 73 ended unchanged; on the Nasdaq Stock Exchange, 2663 fell and 715 advanced, while 102 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index , which measures the implied volatility of S&P 500 options, was up 26.33% to 27.59 a new 1-month high.

In commodities trading, Gold Futures for June delivery was down 1.11% or 20.40 to $1815.70 a troy ounce. Meanwhile, Crude oil for delivery in June rose 0.84% or 0.55 to hit $65.83 a barrel, while the July Brent oil contract rose 0.74% or 0.51 to trade at $69.06 a barrel.

EUR/USD was down 0.60% to 1.2073, while USD/JPY rose 0.94% to 109.63.

The US Dollar Index Futures was up 0.70% at 90.757.

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