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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.22%

Published 09/20/2023, 04:25 PM
©  Reuters U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.22%

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

At the close in NYSE, the Dow Jones Industrial Average declined 0.22%, while the S&P 500 index fell 0.94%, and the NASDAQ Composite index declined 1.53%.

The best performers of the session on the Dow Jones Industrial Average were Amgen Inc (NASDAQ:AMGN), which rose 2.71% or 7.15 points to trade at 271.46 at the close. Meanwhile, UnitedHealth Group Incorporated (NYSE:UNH) added 2.41% or 11.60 points to end at 492.26 and International Business Machines (NYSE:IBM) was up 2.28% or 3.34 points to 149.86 in late trade.

The worst performers of the session were Intel Corporation (NASDAQ:INTC), which fell 4.54% or 1.65 points to trade at 34.69 at the close. Microsoft Corporation (NASDAQ:MSFT) declined 2.40% or 7.88 points to end at 320.77 and Apple Inc (NASDAQ:AAPL) was down 2.00% or 3.59 points to 175.49.

The top performers on the S&P 500 were Textron Inc (NYSE:TXT) which rose 4.94% to 79.38, AutoZone Inc (NYSE:AZO) which was up 4.39% to settle at 2,583.83 and Western Digital Corporation (NASDAQ:WDC) which gained 3.94% to close at 45.65.

The worst performers were Zebra Technologies Corporation (NASDAQ:ZBRA) which was down 6.48% to 235.83 in late trade, The Mosaic Company (NYSE:MOS) which lost 5.84% to settle at 37.06 and Intel Corporation (NASDAQ:INTC) which was down 4.54% to 34.69 at the close.

The top performers on the NASDAQ Composite were Digital Transformation Opportunities Corp (NASDAQ:DTOC) which rose 89.56% to 25.97, MSP Recovery Inc (NASDAQ:LIFW) which was up 64.14% to settle at 0.15 and Fresh Tracks Therapeutics Inc (NASDAQ:FRTX) which gained 54.48% to close at 0.90.

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The worst performers were Seelos Therapeutics Inc (NASDAQ:SEEL) which was down 69.49% to 0.31 in late trade, ARS Pharmaceuticals Inc (NASDAQ:SPRY) which lost 55.79% to settle at 2.92 and Molekule Group Inc (NASDAQ:MKUL) which was down 42.87% to 0.42 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1718 to 1208 and 78 ended unchanged; on the Nasdaq Stock Exchange, 2324 fell and 1154 advanced, while 131 ended unchanged.

Shares in Seelos Therapeutics Inc (NASDAQ:SEEL) fell to all time lows; down 69.49% or 0.69 to 0.31. Shares in ARS Pharmaceuticals Inc (NASDAQ:SPRY) fell to 52-week lows; falling 55.79% or 3.68 to 2.92. Shares in Molekule Group Inc (NASDAQ:MKUL) fell to all time lows; losing 42.87% or 0.32 to 0.42.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 7.30% to 15.14.

Gold Futures for December delivery was down 0.06% or 1.25 to $1,952.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 1.32% or 1.19 to hit $89.29 a barrel, while the November Brent oil contract fell 1.24% or 1.17 to trade at $93.17 a barrel.

EUR/USD was unchanged 0.14% to 1.07, while USD/JPY rose 0.26% to 148.25.

The US Dollar Index Futures was up 0.18% at 105.03.

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