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U.S. stocks lower at close of trade

Published 01/06/2015, 04:25 PM
Updated 01/06/2015, 04:25 PM
© Reuters.  U.S. stocks lower at close of trade

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

At the close in New York, the Dow Jones Industrial Average fell 0.74%, while the S&P 500 index declined 0.89%, and the NASDAQ Composite index declined 1.29%.

The best performers of the session on the Dow Jones Industrial Average were Merck (XETRA:MRCG) & Company Inc (NYSE:MRK), which rose 3.93% or 2.28 points to trade at 60.32 at the close. Meanwhile, Verizon Communications Inc (NYSE:VZ) added 1.01% or 0.47 points to end at 47.04 and Pfizer Inc (NYSE:PFE) was up 0.83% or 0.26 points to 31.42 in late trade.

The worst performers of the session were JPMorgan Chase & Co (NYSE:JPM), which fell 2.59% or 1.57 points to trade at 58.98 at the close. International Business Machines (NYSE:IBM) declined 2.16% or 3.44 points to end at 156.07 and General Electric Company (NYSE:GE) was down 2.15% or 0.53 points to 24.07.

The top performers on the S&P 500 were Newmont Mining Corporation (NYSE:NEM) which rose 4.16% to 20.27, Merck & Company Inc (NYSE:MRK) which was up 3.93% to settle at 60.32 and Simon Property Group Inc (NYSE:SPG) which gained 2.78% to close at 191.28.
The worst performers were Michael Kors Holdings Limited (NYSE:KORS) which was down 8.40% to 66.87 in late trade, Avon Products Inc (NYSE:AVP) which lost 6.00% to settle at 8.61 and Southwestern Energy Company (NYSE:SWN) which was down 5.00% to 24.71 at the close.

The top performers on the NASDAQ Composite were Tonix Pharm (NASDAQ:TNXP) which rose 26.50% to 7.40, Blue Earth Inc (NASDAQ:BBLU) which was up 19.63% to settle at 1.28 and CombiMatrix Corporation (NASDAQ:CBMX) which gained 17.56% to close at 1.540.
The worst performers were Neonode Inc (NASDAQ:NEON) which was down 21.32% to 2.620 in late trade, China Gerui Advanced Materials (NASDAQ:CHOP) which lost 17.71% to settle at 1.440 and Rock Creek Pharmaceuticals Inc (NASDAQ:RCPI) which was down 16.58% to 0.175 at the close.

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Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2172 to 632; on the Nasdaq Stock Exchange, 2180 fell and 611 advanced, while 4 ended unchanged.

Shares in Michael Kors Holdings Limited (NYSE:KORS) fell to 52 weeks lows; down 8.40% or 6.13 to 66.87.
Shares in Avon Products Inc (NYSE:AVP) fell to all time lows; losing 6.00% or 0.55 to 8.61.
Shares in Simon Property Group Inc (NYSE:SPG) rose to all time highs; rising 2.78% or 5.18 to 191.28.
Shares in Southwestern Energy Company (NYSE:SWN) fell to 7-year lows; down 5.00% or 1.30 to 24.71.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 6.98% to 21.31.

Gold for February delivery was up 1.22% or 14.70 to $1218.70 a troy ounce.
Elsewhere in commodities trading, crude oil for delivery in February fell 4.31% or 2.15 to hit $47.88 a barrel, while the February brent oil contract fell 3.91% or 2.08 to trade at $51.03 a barrel.

EUR/USD was down 0.33% to 1.1893, while USD/JPY fell 0.93% to 118.52.

The US Dollar Index was up 0.22% at 91.86.

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