Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

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

Published 02/24/2023, 04:25 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 Friday, as losses in the Technology, Consumer Services and Healthcare sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 1.02% to hit a new 1-month low, while the S&P 500 index lost 1.05%, and the NASDAQ Composite index fell 1.69%.

The best performers of the session on the Dow Jones Industrial Average were Dow Inc (NYSE:DOW), which rose 1.05% or 0.60 points to trade at 57.79 at the close. Meanwhile, JPMorgan Chase & Co (NYSE:JPM) added 0.90% or 1.26 points to end at 140.93 and Verizon Communications Inc (NYSE:VZ) was up 0.58% or 0.22 points to 38.76 in late trade.

The worst performers of the session were Boeing Co (NYSE:BA), which fell 4.80% or 9.98 points to trade at 198.15 at the close. Microsoft Corporation (NASDAQ:MSFT) declined 2.18% or 5.55 points to end at 249.22 and Intel Corporation (NASDAQ:INTC) was down 1.84% or 0.47 points to 25.14.

The top performers on the S&P 500 were Linde PLC (NYSE:LIN) which rose 4.75% to 347.64, Edison International (NYSE:EIX) which was up 4.19% to settle at 68.62 and Coterra Energy Inc (NYSE:CTRA) which gained 3.59% to close at 25.55.

The worst performers were Autodesk Inc (NASDAQ:ADSK) which was down 12.95% to 192.53 in late trade, Live Nation Entertainment Inc (NYSE:LYV) which lost 10.07% to settle at 68.79 and Adobe Systems Incorporated (NASDAQ:ADBE) which was down 7.63% to 320.54 at the close.

The top performers on the NASDAQ Composite were Bridger Aerospace Group Holdings Inc (NASDAQ:BAER) which rose 78.73% to 7.90, Cyren Ltd (NASDAQ:CYRN) which was up 61.90% to settle at 0.34 and Connexa Sports Technologies Inc (NASDAQ:CNXA) which gained 49.43% to close at 0.21.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The worst performers were Fulcrum Therapeutics Inc (NASDAQ:FULC) which was down 56.09% to 5.66 in late trade, Sellas Life Sciences Group Inc (NASDAQ:SLS) which lost 53.66% to settle at 1.71 and ObsEva SA (NASDAQ:OBSV) which was down 50.77% to 0.08 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2148 to 868 and 78 ended unchanged; on the Nasdaq Stock Exchange, 2734 fell and 913 advanced, while 150 ended unchanged.

Shares in Linde PLC (NYSE:LIN) rose to all time highs; up 4.75% or 15.75 to 347.64. Shares in Sellas Life Sciences Group Inc (NASDAQ:SLS) fell to 52-week lows; losing 53.66% or 1.98 to 1.71. Shares in ObsEva SA (NASDAQ:OBSV) fell to all time lows; falling 50.77% or 0.09 to 0.08.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 2.51% to 21.67.

Gold Futures for April delivery was down 0.47% or 8.55 to $1,818.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 1.51% or 1.14 to hit $76.53 a barrel, while the April Brent oil contract rose 1.34% or 1.10 to trade at $83.31 a barrel.

EUR/USD was unchanged 0.43% to 1.05, while USD/JPY rose 1.28% to 136.43.

The US Dollar Index Futures was up 0.61% at 105.17.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.