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 0.55%

Published 07/07/2023, 04:25 PM
Updated 07/07/2023, 04:25 PM
© Reuters U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.55%

Investing.com – U.S. stocks were lower after the close on Friday, as losses in the Telecoms, Healthcare and Utilities sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 0.55%, while the S&P 500 index declined 0.29%, and the NASDAQ Composite index declined 0.13%.

The best performers of the session on the Dow Jones Industrial Average were Caterpillar Inc (NYSE:CAT), which rose 1.87% or 4.49 points to trade at 245.07 at the close. Meanwhile, 3M Company (NYSE:MMM) added 1.04% or 1.00 points to end at 97.31 and Chevron Corp (NYSE:CVX) was up 0.88% or 1.35 points to 154.23 in late trade.

The worst performers of the session were Merck & Company Inc (NYSE:MRK), which fell 2.46% or 2.75 points to trade at 109.00 at the close. Walmart Inc (NYSE:WMT) declined 2.27% or 3.57 points to end at 153.54 and Procter & Gamble Company (NYSE:PG) was down 2.09% or 3.18 points to 148.81.

The top performers on the S&P 500 were Schlumberger NV (NYSE:SLB) which rose 8.63% to 53.36, Halliburton Company (NYSE:HAL) which was up 7.79% to settle at 35.58 and DISH Network Corporation (NASDAQ:DISH) which gained 6.90% to close at 7.28.

The worst performers were Biogen Inc (NASDAQ:BIIB) which was down 3.48% to 275.07 in late trade, Humana Inc (NYSE:HUM) which lost 2.50% to settle at 429.97 and Merck & Company Inc (NYSE:MRK) which was down 2.46% to 109.00 at the close.

The top performers on the NASDAQ Composite were Gorilla Technology Group Inc (NASDAQ:GRRR) which rose 124.88% to 4.70, Vinco Ventures Inc (NASDAQ:BBIG) which was up 56.67% to settle at 1.88 and Castle Biosciences Inc (NASDAQ:CSTL) which gained 52.86% to close at 20.30.

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

The worst performers were Painreform Ltd (NASDAQ:PRFX) which was down 19.46% to 4.47 in late trade, EdtechX Holdings Acquisition Corp II (NASDAQ:EDTX) which lost 19.39% to settle at 18.50 and iMedia Brands Inc (NASDAQ:IMBI) which was down 18.52% to 0.11 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 2155 to 793 and 74 ended unchanged; on the Nasdaq Stock Exchange, 2322 rose and 1196 declined, while 114 ended unchanged.

Shares in Humana Inc (NYSE:HUM) fell to 52-week lows; losing 2.50% or 11.02 to 429.97. Shares in iMedia Brands Inc (NASDAQ:IMBI) fell to all time lows; falling 18.52% or 0.03 to 0.11.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 3.95% to 14.83.

Gold Futures for August delivery was up 0.79% or 15.10 to $1,930.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 2.60% or 1.87 to hit $73.67 a barrel, while the September Brent oil contract rose 2.33% or 1.78 to trade at $78.30 a barrel.

EUR/USD was up 0.73% to 1.10, while USD/JPY fell 1.36% to 142.10.

The US Dollar Index Futures was down 0.89% at 101.95.

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.