U.S. shares lower at close of trade; Dow Jones Industrial Average down 5.86%

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U.S. shares lower at close of trade; Dow Jones Industrial Average down 5.86%
Credit: © Reuters.

Investing.com – U.S. equities were lower at the close on Wednesday, as losses in the Industrials , Financials and Oil & Gas sectors propelled shares lower.

At the close in NYSE, the Dow Jones Industrial Average lost 5.86% to hit a new 52-week low, while the S&P 500 index declined 4.89%, and the NASDAQ Composite index fell 4.70%.

The biggest gainers of the session on the Dow Jones Industrial Average were UnitedHealth Group Incorporated (NYSE: UNH ), which fell 0.79% or 2.22 points to trade at 277.78 at the close. Chevron Corp (NYSE: CVX ) fell 2.29% or 1.95 points to end at 83.03 and Coca-Cola Company (NYSE: KO ) was down 2.70% or 1.45 points to 52.21 in late trade.

Biggest losers included Boeing Co (NYSE: BA ), which lost 18.15% or 41.93 points to trade at 189.08 in late trade. Dow Inc (NYSE: DOW ) declined 10.86% or 3.41 points to end at 27.99 and United Technologies Corporation (NYSE: UTX ) shed 9.94% or 11.86 points to 107.51.

The top performers on the S&P 500 were Linde PLC (DE: LINI ) which rose 3.94% to 154.150, Digital Realty Trust Inc (NYSE: DLR ) which was up 1.90% to settle at 137.00 and Gilead Sciences Inc (NASDAQ: GILD ) which gained 1.88% to close at 73.70.

The worst performers were Norwegian Cruise Line Holdings Ltd (NYSE: NCLH ) which was down 26.68% to 15.03 in late trade, Apache Corporation (NYSE: APA ) which lost 23.54% to settle at 8.25 and Noble Energy Inc (NASDAQ: NBL ) which was down 20.09% to 7.40 at the close.

The top performers on the NASDAQ Composite were BIO-Key International Inc (NASDAQ: BKYI ) which rose 140.77% to 1.1800, Tiziana Life Sciences PLC ADR (NASDAQ: TLSA ) which was up 95.54% to settle at 3.950 and Co-Diagnostics Inc (NASDAQ: CODX ) which gained 91.29% to close at 13.180.

The worst performers were Sophiris Bio Inc (NASDAQ: SPHS ) which was down 60.30% to 0.2300 in late trade, Sonim Technologies Inc (NASDAQ: SONM ) which lost 52.22% to settle at 0.92 and Clean Energy Fuels Corp (NASDAQ: CLNE ) which was down 34.65% to 1.320 at the close.

Declining stocks outnumbered rising ones by 2757 to 152 and 22 ended unchanged; on the Nasdaq Stock Exchange, 2417 fell and 295 advanced, while 26 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index , which measures the implied volatility of S&P 500 options, was up 13.95% to 53.90.

In commodities trading, Gold Futures for April delivery was up 0.36% or 5.90 to $1640.75 a troy ounce. Meanwhile, Crude oil for delivery in April rose 0.72% or 0.24 to hit $33.37 a barrel, while the May Brent oil contract fell 0.58% or 0.21 to trade at $35.84 a barrel.

EUR/USD was down 0.04% to 1.1262, while USD/JPY fell 0.11% to 104.42.

The US Dollar Index Futures was up 0.17% at 96.550.

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