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

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

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

At the close in NYSE, the Dow Jones Industrial Average declined 2.38% to hit a new 1-month low, while the S&P 500 index fell 2.81%, and the NASDAQ Composite index fell 3.95%.

The biggest gainers of the session on the Dow Jones Industrial Average were Chevron Corp (NYSE: CVX ), which fell 0.61% or 0.96 points to trade at 156.53 at the close. Johnson & Johnson (NYSE: JNJ ) fell 0.72% or 1.33 points to end at 184.68 and Amgen Inc (NASDAQ: AMGN ) was down 0.91% or 2.30 points to 249.87 in late trade.

Biggest losers included Nike Inc (NYSE: NKE ), which lost 5.80% or 7.42 points to trade at 120.52 in late trade. Boeing Co (NYSE: BA ) declined 5.04% or 8.87 points to end at 167.04 and Visa Inc Class A (NYSE: V ) shed 4.22% or 8.85 points to 201.10.

The top performers on the S&P 500 were Sherwin-Williams Co (NYSE: SHW ) which rose 9.41% to 271.37, Waste Management Inc (NYSE: WM ) which was up 5.25% to settle at 164.15 and Whirlpool Corporation (NYSE: WHR ) which gained 4.63% to close at 187.16.

The worst performers were Tesla Inc (NASDAQ: TSLA ) which was down 12.18% to 876.42 in late trade, General Electric Company (NYSE: GE ) which lost 10.34% to settle at 80.59 and Universal Health Services Inc (NYSE: UHS ) which was down 9.69% to 125.32 at the close.

The top performers on the NASDAQ Composite were Evoke Pharma Inc (NASDAQ: EVOK ) which rose 118.50% to 0.86, Nutex Health Inc (NASDAQ: NUTX ) which was up 73.76% to settle at 7.68 and Cyngn Inc (NASDAQ: CYN ) which gained 52.07% to close at 3.68.

The worst performers were Protagonist Therapeutics Inc (NASDAQ: PTGX ) which was down 49.95% to 9.41 in late trade, Enjoy Technology Inc (NASDAQ: ENJY ) which lost 29.95% to settle at 1.45 and LogicBio Therapeutics Inc (NASDAQ: LOGC ) which was down 25.74% to 0.40 at the close.

Declining stocks outnumbered rising ones by 2708 to 493 and 125 ended unchanged; on the Nasdaq Stock Exchange, 3254 fell and 616 advanced, while 206 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index , which measures the implied volatility of S&P 500 options, was up 24.06% to 33.52 a new 1-month high.

In commodities trading, Gold Futures for June delivery was up 0.56% or 10.70 to $1,906.70 a troy ounce. Meanwhile, Crude oil for delivery in June rose 3.67% or 3.62 to hit $102.16 a barrel, while the July Brent oil contract rose 3.01% or 3.07 to trade at $105.23 a barrel.

EUR/USD was down 0.67% to 1.06, while USD/JPY fell 0.61% to 127.33.

The US Dollar Index Futures was up 0.57% at 102.35.

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