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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.30%

Published 05/06/2022, 04:25 PM
Updated 05/06/2022, 04:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.30%

Investing.com – U.S. stocks were lower after the close on Friday, as losses in the Consumer Services, Basic Materials and Technology sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 0.30% to hit a new 1-month low, while the S&P 500 index lost 0.57%, and the NASDAQ Composite index declined 1.40%.

The best performers of the session on the Dow Jones Industrial Average were Chevron Corp (NYSE:CVX), which rose 2.66% or 4.43 points to trade at 170.69 at the close. Meanwhile, International Business Machines (NYSE:IBM) added 1.29% or 1.75 points to end at 137.67 and Procter & Gamble Company (NYSE:PG) was up 1.00% or 1.54 points to 156.00 in late trade.

The worst performers of the session were Nike Inc (NYSE:NKE), which fell 3.49% or 4.14 points to trade at 114.49 at the close. American Express Company (NYSE:AXP) declined 2.26% or 3.86 points to end at 167.15 and Walmart Inc (NYSE:WMT) was down 2.08% or 3.18 points to 149.56.

The top performers on the S&P 500 were NRG Energy Inc (NYSE:NRG) which rose 9.79% to 41.40, EOG Resources Inc (NYSE:EOG) which was up 7.13% to settle at 132.22 and Hess Corporation (NYSE:HES) which gained 7.01% to close at 117.25.

The worst performers were Under Armour Inc C (NYSE:UA) which was down 26.03% to 9.83 in late trade, Under Armour Inc A (NYSE:UAA) which lost 23.79% to settle at 10.89 and DISH Network Corporation (NASDAQ:DISH) which was down 19.14% to 22.22 at the close.

The top performers on the NASDAQ Composite were Sidus Space Inc (NASDAQ:SIDU) which rose 51.78% to 2.99, Nuvectis Pharma Inc (NASDAQ:NVCT) which was up 30.19% to settle at 18.20 and Vinco Ventures Inc (NASDAQ:BBIG) which gained 28.02% to close at 3.29.

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The worst performers were Digital Brands Group Inc (NASDAQ:DBGI) which was down 54.73% to 0.22 in late trade, The Joint Corp (NASDAQ:JYNT) which lost 37.89% to settle at 17.41 and Clovis Oncology Inc (NASDAQ:CLVS) which was down 32.56% to 0.99 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2200 to 968 and 103 ended unchanged; on the Nasdaq Stock Exchange, 2908 fell and 915 advanced, while 181 ended unchanged.

Shares in Under Armour Inc C (NYSE:UA) fell to 52-week lows; down 26.03% or 3.46 to 9.83. Shares in EOG Resources Inc (NYSE:EOG) rose to 3-years highs; rising 7.13% or 8.80 to 132.22. Shares in Under Armour Inc A (NYSE:UAA) fell to 52-week lows; down 23.79% or 3.40 to 10.89. Shares in Hess Corporation (NYSE:HES) rose to 5-year highs; rising 7.01% or 7.68 to 117.25. Shares in DISH Network Corporation (NASDAQ:DISH) fell to 52-week lows; losing 19.14% or 5.26 to 22.22. Shares in Nike Inc (NYSE:NKE) fell to 52-week lows; down 3.49% or 4.14 to 114.49. Shares in Digital Brands Group Inc (NASDAQ:DBGI) fell to all time lows; losing 54.73% or 0.27 to 0.22. Shares in Nuvectis Pharma Inc (NASDAQ:NVCT) rose to all time highs; rising 30.19% or 4.22 to 18.20. Shares in The Joint Corp (NASDAQ:JYNT) fell to 52-week lows; falling 37.89% or 10.62 to 17.41. Shares in Clovis Oncology Inc (NASDAQ:CLVS) fell to all time lows; down 32.56% or 0.48 to 0.99.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 3.24% to 30.19.

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Gold Futures for June delivery was up 0.35% or 6.54 to $1,882.24 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 2.19% or 2.37 to hit $110.63 a barrel, while the July Brent oil contract rose 2.05% or 2.27 to trade at $113.17 a barrel.

EUR/USD was unchanged 0.04% to 1.05, while USD/JPY rose 0.35% to 130.59.

The US Dollar Index Futures was down 0.09% at 103.71.

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