Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.78%

Published 05/03/2016, 04:25 PM
Updated 05/03/2016, 04:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.78%

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

At the close in NYSE, the Dow Jones Industrial Average fell 0.78%, while the S&P 500 index lost 0.87%, and the NASDAQ Composite index fell 1.13%.

The best performers of the session on the Dow Jones Industrial Average were Pfizer Inc (NYSE:PFE), which rose 2.74% or 0.90 points to trade at 33.70 at the close. Meanwhile, Apple Inc (NASDAQ:AAPL) added 1.64% or 1.54 points to end at 95.18 and UnitedHealth Group Incorporated (NYSE:UNH) was up 0.27% or 0.36 points to 132.46 in late trade.

The worst performers of the session were United Technologies Corporation (NYSE:UTX), which fell 2.15% or 2.24 points to trade at 102.13 at the close. JPMorgan Chase & Co (NYSE:JPM) declined 1.92% or 1.22 points to end at 62.56 and Chevron Corporation (NYSE:CVX) was down 1.93% or 1.99 points to 101.32.

The top performers on the S&P 500 were FMC Corporation (NYSE:FMC) which rose 8.48% to 47.32, Mallinckrodt (NYSE:MNK) which was up 6.60% to settle at 64.84 and Fidelity National Information Svcs (NYSE:FIS) which gained 6.12% to close at 71.29.

The worst performers were Chesapeake Energy Corporation (NYSE:CHK) which was down 11.99% to 5.80 in late trade, Freeport-McMoran Copper & Gold Inc (NYSE:FCX) which lost 11.37% to settle at 12.01 and Pitney Bowes Inc (NYSE:PBI) which was down 9.47% to 18.93 at the close.

The top performers on the NASDAQ Composite were xG Technology Inc (NASDAQ:XGTI) which rose 55.00% to 0.1550, Echo Therapeutics Inc (NASDAQ:ECTE) which was up 41.67% to settle at 1.700 and Crossroads Systems Inc (NASDAQ:CRDS) which gained 41.60% to close at 0.3540.

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

The worst performers were Fairway Group Holdings Corp (NASDAQ:FWM) which was down 62.46% to 0.0779 in late trade, Neuralstem Inc (NASDAQ:CUR) which lost 40.67% to settle at 0.3500 and K2M Group H (NASDAQ:KTWO) which was down 28.04% to 11.42 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2475 to 840 and 22 ended unchanged; on the Nasdaq Stock Exchange, 1864 fell and 695 advanced, while 66 ended unchanged.

Shares in Fairway Group Holdings Corp (NASDAQ:FWM) fell to all time lows; down 62.46% or 0.1296 to 0.0779. Shares in Neuralstem Inc (NASDAQ:CUR) fell to all time lows; losing 40.67% or 0.2399 to 0.3500. Shares in K2M Group H (NASDAQ:KTWO) fell to all time lows; falling 28.04% or 4.45 to 11.42.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 5.72% to 15.52.

Gold for June delivery was down 0.57% or 7.40 to $1288.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 2.57% or 1.15 to hit $43.63 a barrel, while the July Brent oil contract fell 1.77% or 0.81 to trade at $45.02 a barrel.

EUR/USD was down 0.25% to 1.1505, while USD/JPY rose 0.10% to 106.52.

The US Dollar Index was up 0.46% at 92.96.

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.