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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.10%

Published 02/08/2016, 04:25 PM
Updated 02/08/2016, 04:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.10%

© Reuters. U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.10%

Investing.com – U.S. stocks were lower after the close on Monday, as losses in the Financials, Basic Materials and Consumer Services sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 1.10%, while the S&P 500 index fell 1.42%, and the NASDAQ Composite index lost 1.82%.

The best performers of the session on the Dow Jones Industrial Average were Chevron Corporation (N:CVX), which rose 3.75% or 3.11 points to trade at 85.99 at the close. Meanwhile, Procter & Gamble Company (N:PG) added 1.75% or 1.42 points to end at 82.62 and Johnson & Johnson (N:JNJ) was up 1.45% or 1.46 points to 102.00 in late trade.

The worst performers of the session were Visa Inc (N:V), which fell 5.27% or 3.77 points to trade at 67.77 at the close. Goldman Sachs Group Inc (N:GS) declined 4.61% or 7.22 points to end at 149.25 and Home Depot Inc (N:HD) was down 3.93% or 4.58 points to 111.85.

The top performers on the S&P 500 were Nordstrom Inc (N:JWN) which rose 5.54% to 50.85, Tyson Foods Inc (N:TSN) which was up 5.37% to settle at 60.16 and ConocoPhillips (N:COP) which gained 4.65% to close at 34.43.

The worst performers were Williams Companies Inc (N:WMB) which was down 34.81% to 11.16 in late trade, Chesapeake Energy Corporation (N:CHK) which lost 33.33% to settle at 2.04 and Level 3 Communications Inc (N:LVLT) which was down 9.41% to 42.74 at the close.

The top performers on the NASDAQ Composite were Pyxis Tankers Inc (O:PXS) which rose 25.18% to 0.8800, Apollo Group Inc (O:APOL) which was up 24.03% to settle at 8.62 and Cesca Therapeutics Inc (O:KOOL) which gained 22.67% to close at 0.2700.

The worst performers were BioCryst Pharmaceuticals Inc (O:BCRX) which was down 71.12% to 1.773 in late trade, CTI BioPharma Corp (O:CTIC) which lost 60.71% to settle at 0.440 and Sfx Enterta (O:SFXE) which was down 46.80% to 0.0266 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2627 to 755 and 14 ended unchanged; on the Nasdaq Stock Exchange, 1848 fell and 766 advanced, while 44 ended unchanged.

Shares in Williams Companies Inc (N:WMB) fell to 5-year lows; down 34.81% or 5.96 to 11.16. Shares in Tyson Foods Inc (N:TSN) rose to all time highs; up 5.37% or 3.06 to 60.16. Shares in Chesapeake Energy Corporation (N:CHK) fell to 5-year lows; down 33.33% or 1.02 to 2.04. Shares in Goldman Sachs Group Inc (N:GS) fell to 52-week lows; falling 4.61% or 7.22 to 149.25. Shares in BioCryst Pharmaceuticals Inc (O:BCRX) fell to 52-week lows; down 71.12% or 4.367 to 1.773. Shares in CTI BioPharma Corp (O:CTIC) fell to all time lows; falling 60.71% or 0.680 to 0.440. Shares in Sfx Enterta (O:SFXE) fell to all time lows; falling 46.80% or 0.0234 to 0.0266.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 10.74% to 25.89.

Gold for April delivery was up 2.89% or 33.40 to $1191.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 2.57% or 0.80 to hit $30.09 a barrel, while the April Brent oil contract fell 2.98% or 1.01 to trade at $33.05 a barrel.

EUR/USD was up 0.37% to 1.1196, while USD/JPY fell 0.98% to 115.74.

The US Dollar Index was down 0.26% at 96.72.

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