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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.19%

Published 03/17/2023, 05:25 PM
Updated 03/17/2023, 05:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.19%

Investing.com – U.S. stocks were lower after the close on Friday, as losses in the Financials, Industrials and Oil & Gas sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 1.19%, while the S&P 500 index fell 1.10%, and the NASDAQ Composite index fell 0.74%.

The best performers of the session on the Dow Jones Industrial Average were Microsoft Corporation (NASDAQ:MSFT), which rose 1.17% or 3.23 points to trade at 279.43 at the close. Meanwhile, Walmart Inc (NYSE:WMT) added 0.81% or 1.12 points to end at 139.40 and Verizon Communications Inc (NYSE:VZ) was up 0.57% or 0.21 points to 36.79 in late trade.

The worst performers of the session were The Travelers Companies Inc (NYSE:TRV), which fell 4.17% or 7.18 points to trade at 165.03 at the close. JPMorgan Chase & Co (NYSE:JPM) declined 3.78% or 4.94 points to end at 125.81 and Goldman Sachs Group Inc (NYSE:GS) was down 3.67% or 11.55 points to 303.54.

The top performers on the S&P 500 were FedEx Corporation (NYSE:FDX) which rose 7.97% to 220.31, Newmont Goldcorp Corp (NYSE:NEM) which was up 5.22% to settle at 48.17 and Teleflex Incorporated (NYSE:TFX) which gained 1.56% to close at 235.84.

The worst performers were First Republic Bank (NYSE:FRC) which was down 33.00% to 22.96 in late trade, U.S. Bancorp (NYSE:USB) which lost 9.38% to settle at 32.95 and Enphase Energy Inc (NASDAQ:ENPH) which was down 8.68% to 183.64 at the close.

The top performers on the NASDAQ Composite were Wejo Group Ltd (NASDAQ:WEJO) which rose 76.30% to 0.75, Science 37 Holdings Inc (NASDAQ:SNCE) which was up 58.10% to settle at 0.36 and Histogen Inc (NASDAQ:HSTO) which gained 53.00% to close at 1.33.

The worst performers were Lifecore Biomedical Inc (NASDAQ:LFCR) which was down 67.32% to 1.67 in late trade, Acer Therapeutics Inc (NASDAQ:ACER) which lost 56.77% to settle at 0.67 and Loyalty Ventures Inc (NASDAQ:LYLT) which was down 40.80% to 0.09 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2478 to 549 and 72 ended unchanged; on the Nasdaq Stock Exchange, 2709 fell and 889 advanced, while 123 ended unchanged.

Shares in First Republic Bank (NYSE:FRC) fell to 5-year lows; falling 33.00% or 11.31 to 22.96. Shares in U.S. Bancorp (NYSE:USB) fell to 52-week lows; losing 9.38% or 3.41 to 32.95. Shares in Lifecore Biomedical Inc (NASDAQ:LFCR) fell to 5-year lows; down 67.32% or 3.44 to 1.67. Shares in Acer Therapeutics Inc (NASDAQ:ACER) fell to all time lows; falling 56.77% or 0.88 to 0.67. Shares in Loyalty Ventures Inc (NASDAQ:LYLT) fell to all time lows; losing 40.80% or 0.06 to 0.09.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 10.96% to 25.51.

Gold Futures for April delivery was up 3.68% or 70.70 to $1,993.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 2.94% or 2.01 to hit $66.34 a barrel, while the May Brent oil contract fell 2.66% or 1.99 to trade at $72.71 a barrel.

EUR/USD was up 0.59% to 1.07, while USD/JPY fell 1.43% to 131.80.

The US Dollar Index Futures was down 0.55% at 103.52.

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