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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.02%

Published 05/17/2016, 04:25 PM
Updated 05/17/2016, 04:27 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.02%

Investing.com – U.S. stocks were lower after the close on Tuesday, as losses in the Utilities, Consumer Goods and Consumer Services sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average lost 1.02% to hit a new 1-month low, while the S&P 500 index declined 0.94%, and the NASDAQ Composite index fell 1.25%.

The best performers of the session on the Dow Jones Industrial Average were Caterpillar Inc (NYSE:CAT), which rose 0.49% or 0.35 points to trade at 71.05 at the close. Meanwhile, EI du Pont de Nemours and Company (NYSE:DD) added 0.30% or 0.19 points to end at 64.53 and JPMorgan Chase & Co (NYSE:JPM) was down 0.02% or 0.01 points to 61.66 in late trade.

The worst performers of the session were Home Depot Inc (NYSE:HD), which fell 2.47% or 3.34 points to trade at 132.00 at the close. American Express Company (NYSE:AXP) declined 2.04% or 1.31 points to end at 62.76 and Coca-Cola Company (NYSE:KO) was down 1.91% or 0.87 points to 44.75.

The top performers on the S&P 500 were Southwestern Energy Company (NYSE:SWN) which rose 6.79% to 12.26, Endo International PLC (NASDAQ:ENDP) which was up 6.08% to settle at 15.17 and United Rentals Inc (NYSE:URI) which gained 5.48% to close at 64.28.

The worst performers were Kraft Heinz Co (NASDAQ:KHC) which was down 4.32% to 82.16 in late trade, WestRock Co (NYSE:WRK) which lost 4.19% to settle at 37.97 and Kimco Realty Corporation (NYSE:KIM) which was down 4.09% to 27.93 at the close.

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The top performers on the NASDAQ Composite were Top Image Systems Ltd (NASDAQ:TISA) which rose 57.42% to 2.440, Cytori Therapeutics Inc (NASDAQ:CYTX) which was up 35.92% to settle at 3.3300 and Carbylan Therapeutics Inc (NASDAQ:CBYL) which gained 35.00% to close at 1.0800.

The worst performers were Hailiang Education Group Inc (NASDAQ:HLG) which was down 48.50% to 4.28 in late trade, Francescas Holdings (NASDAQ:FRAN) which lost 29.58% to settle at 10.50 and Skyline Medical Inc (NASDAQ:SKLN) which was down 26.23% to 0.1370 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2136 to 1205 and 22 ended unchanged; on the Nasdaq Stock Exchange, 1903 fell and 685 advanced, while 52 ended unchanged.

Shares in Hailiang Education Group Inc (NASDAQ:HLG) fell to all time lows; losing 48.50% or 4.03 to 4.28. Shares in Skyline Medical Inc (NASDAQ:SKLN) fell to all time lows; down 26.23% or 0.0487 to 0.1370.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 6.06% to 15.57.

Gold for June delivery was up 0.46% or 5.85 to $1280.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 1.63% or 0.78 to hit $48.50 a barrel, while the July Brent oil contract rose 0.98% or 0.48 to trade at $49.45 a barrel.

EUR/USD was down 0.05% to 1.1315, while USD/JPY rose 0.06% to 109.09.

The US Dollar Index was unchanged 0.00% at 94.53.

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