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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.43%

Published 11/02/2016, 04:25 PM
Updated 11/02/2016, 04:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.43%

© Reuters. U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.43%

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

At the close in NYSE, the Dow Jones Industrial Average lost 0.43% to hit a new 3-months low, while the S&P 500 index fell 0.65%, and the NASDAQ Composite index fell 0.93%.

The best performers of the session on the Dow Jones Industrial Average were 3M Company (NYSE:MMM), which rose 0.93% or 1.52 points to trade at 165.77 at the close. Meanwhile, Home Depot Inc (NYSE:HD) added 0.35% or 0.42 points to end at 120.31 and Intel Corporation (NASDAQ:INTC) was up 0.23% or 0.08 points to 34.60 in late trade.

The worst performers of the session were Verizon Communications Inc (NYSE:VZ), which fell 1.50% or 0.71 points to trade at 46.95 at the close. Pfizer Inc (NYSE:PFE) declined 1.42% or 0.44 points to end at 30.63 and Caterpillar Inc (NYSE:CAT) was down 1.36% or 1.12 points to 81.12.

The top performers on the S&P 500 were AmerisourceBergen (NYSE:ABC) which rose 8.86% to 75.97, Henry Schein Inc (NASDAQ:HSIC) which was up 6.15% to settle at 156.09 and Zoetis Inc (NYSE:ZTS) which gained 6.05% to close at 50.11.

The worst performers were Frontier Communications Corporation (NASDAQ:FTR) which was down 13.74% to 3.39 in late trade, Cerner Corporation (NASDAQ:CERN) which lost 7.31% to settle at 53.15 and Tegna Inc (NYSE:TGNA) which was down 7.19% to 18.4700 at the close.

The top performers on the NASDAQ Composite were Skyline Medical Inc (NASDAQ:SKLN) which rose 28.35% to 3.3500, CombiMatrix Corp (NASDAQ:CBMX) which was up 23.91% to settle at 2.850 and AveXis Inc (NASDAQ:AVXS) which gained 22.18% to close at 58.66.

The worst performers were Cempra Inc (NASDAQ:CEMP) which was down 60.86% to 7.300 in late trade, Tandem Dtes Care (NASDAQ:TNDM) which lost 58.88% to settle at 2.20 and Intersect ENT Inc (NASDAQ:XENT) which was down 43.20% to 8.35 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2352 to 798 and 77 ended unchanged; on the Nasdaq Stock Exchange, 1788 fell and 653 advanced, while 158 ended unchanged.

Shares in Frontier Communications Corporation (NASDAQ:FTR) fell to 3-years lows; down 13.74% or 0.54 to 3.39. Shares in Tegna Inc (NYSE:TGNA) fell to 3-years lows; losing 7.19% or 1.4300 to 18.4700. Shares in Cempra Inc (NASDAQ:CEMP) fell to 3-years lows; falling 60.86% or 11.350 to 7.300. Shares in Tandem Dtes Care (NASDAQ:TNDM) fell to all time lows; losing 58.88% or 3.15 to 2.20. Shares in AveXis Inc (NASDAQ:AVXS) rose to all time highs; rising 22.18% or 10.65 to 58.66. Shares in Intersect ENT Inc (NASDAQ:XENT) fell to all time lows; falling 43.20% or 6.35 to 8.35.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 4.26% to 19.35 a new 3-months high.

Gold for December delivery was up 0.81% or 10.45 to $1298.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 2.57% or 1.20 to hit $45.47 a barrel, while the January Brent oil contract fell 2.16% or 1.04 to trade at $47.10 a barrel.

EUR/USD was up 0.33% to 1.1092, while USD/JPY fell 0.66% to 103.45.

The US Dollar Index was down 0.31% at 97.46.

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