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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.71%

Published 02/28/2023, 04:25 PM
Updated 02/28/2023, 04:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.71%

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

At the close in NYSE, the Dow Jones Industrial Average lost 0.71% to hit a new 3-months low, while the S&P 500 index declined 0.30%, and the NASDAQ Composite index lost 0.10%.

The best performers of the session on the Dow Jones Industrial Average were JPMorgan Chase & Co (NYSE:JPM), which rose 0.77% or 1.10 points to trade at 143.26 at the close. Meanwhile, Boeing Co (NYSE:BA) added 0.54% or 1.09 points to end at 201.55 and Walmart Inc (NYSE:WMT) was up 0.45% or 0.63 points to 142.07 in late trade.

The worst performers of the session were Goldman Sachs Group Inc (NYSE:GS), which fell 3.83% or 13.99 points to trade at 351.54 at the close. Merck & Company Inc (NYSE:MRK) declined 2.87% or 3.14 points to end at 106.22 and UnitedHealth Group Incorporated (NYSE:UNH) was down 1.55% or 7.50 points to 475.82.

The top performers on the S&P 500 were Dentsply Sirona Inc (NASDAQ:XRAY) which rose 10.19% to 38.07, Edwards Lifesciences Corp (NYSE:EW) which was up 4.01% to settle at 80.44 and Applied Materials Inc (NASDAQ:AMAT) which gained 3.64% to close at 116.15.

The worst performers were Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) which was down 10.18% to 14.82 in late trade, Universal Health Services Inc (NYSE:UHS) which lost 8.41% to settle at 133.58 and DISH Network Corporation (NASDAQ:DISH) which was down 6.48% to 11.41 at the close.

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The top performers on the NASDAQ Composite were Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) which rose 169.53% to 3.45, Lionheart III Corp (NASDAQ:LION) which was up 97.83% to settle at 14.60 and Lucira Health Inc (NASDAQ:LHDX) which gained 82.35% to close at 0.93.

The worst performers were Aptinyx Inc (NASDAQ:APTX) which was down 66.78% to 0.20 in late trade, Professional Diversity Network Inc (NASDAQ:IPDN) which lost 50.40% to settle at 2.49 and BYND Cannasoft Enterprises Inc (NASDAQ:BCAN) which was down 27.27% to 2.48 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1570 to 1434 and 104 ended unchanged; on the Nasdaq Stock Exchange, 1884 rose and 1712 declined, while 176 ended unchanged.

Shares in DISH Network Corporation (NASDAQ:DISH) fell to 5-year lows; falling 6.48% or 0.79 to 11.41. Shares in Aptinyx Inc (NASDAQ:APTX) fell to all time lows; down 66.78% or 0.39 to 0.20. Shares in Lionheart III Corp (NASDAQ:LION) rose to all time highs; up 97.83% or 7.22 to 14.60.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 1.24% to 20.69.

Gold Futures for April delivery was up 0.51% or 9.30 to $1,834.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 1.53% or 1.16 to hit $76.84 a barrel, while the May Brent oil contract rose 1.37% or 1.12 to trade at $83.16 a barrel.

EUR/USD was unchanged 0.28% to 1.06, while USD/JPY fell 0.03% to 136.15.

The US Dollar Index Futures was up 0.28% at 104.92.

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