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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.75%

Stock MarketsJul 08, 2021 04:25PM ET
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© Reuters U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.75%

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

At the close in NYSE, the Dow Jones Industrial Average lost 0.75%, while the S&P 500 index lost 0.86%, and the NASDAQ Composite index lost 0.72%.

The best performers of the session on the Dow Jones Industrial Average were Boeing Co (NYSE:BA), which rose 2.16% or 5.00 points to trade at 236.78 at the close. Meanwhile, International Business Machines (NYSE:IBM) added 0.65% or 0.91 points to end at 140.73 and Amgen Inc (NASDAQ:AMGN) was up 0.41% or 1.00 points to 244.22 in late trade.

The worst performers of the session were The Travelers Companies Inc (NYSE:TRV), which fell 2.44% or 3.71 points to trade at 148.48 at the close. Goldman Sachs Group Inc (NYSE:GS) declined 2.34% or 8.61 points to end at 359.06 and American Express Company (NYSE:AXP) was down 2.00% or 3.42 points to 167.56.

The top performers on the S&P 500 were Biogen Inc (NASDAQ:BIIB) which rose 3.96% to 369.40, Ball Corporation (NYSE:BLL) which was up 2.98% to settle at 85.29 and Cabot Oil & Gas Corporation (NYSE:COG) which gained 2.23% to close at 17.40.

The worst performers were Kansas City Southern (NYSE:KSU) which was down 7.83% to 262.92 in late trade, Norfolk Southern Corporation (NYSE:NSC) which lost 7.09% to settle at 253.96 and CSX Corporation (NASDAQ:CSX) which was down 6.16% to 30.95 at the close.

The top performers on the NASDAQ Composite were Carver Bancorp Inc (NASDAQ:CARV) which rose 104.25% to 21.61, Nova Lifestyle I (NASDAQ:NVFY) which was up 69.13% to settle at 6.410 and Aerpio Pharmaceuticals Inc (NASDAQ:ARPO) which gained 62.57% to close at 2.7800.

The worst performers were Newegg Commerce Inc (NASDAQ:NEGG) which was down 32.55% to 45.58 in late trade, Pop Culture Group Co Ltd (NASDAQ:CPOP) which lost 24.70% to settle at 19.77 and 360 Finance Inc (NASDAQ:QFIN) which was down 21.55% to 26.00 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2445 to 725 and 118 ended unchanged; on the Nasdaq Stock Exchange, 2306 fell and 1135 advanced, while 166 ended unchanged.

Shares in Carver Bancorp Inc (NASDAQ:CARV) rose to 5-year highs; rising 104.25% or 11.03 to 21.61. Shares in Nova Lifestyle I (NASDAQ:NVFY) rose to 52-week highs; rising 69.13% or 2.620 to 6.410. Shares in Pop Culture Group Co Ltd (NASDAQ:CPOP) fell to all time lows; falling 24.70% or 6.49 to 19.77. Shares in Aerpio Pharmaceuticals Inc (NASDAQ:ARPO) rose to 52-week highs; gaining 62.57% or 1.0700 to 2.7800.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 17.28% to 19.00.

Gold Futures for August delivery was up 0.04% or 0.75 to $1802.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 1.30% or 0.94 to hit $73.14 a barrel, while the September Brent oil contract rose 1.23% or 0.90 to trade at $74.33 a barrel.

EUR/USD was up 0.47% to 1.1845, while USD/JPY fell 0.80% to 109.77.

The US Dollar Index Futures was down 0.29% at 92.373.

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.75%
 

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Emmanuel madubueze
Emmanuel madubueze Jul 08, 2021 6:27PM ET
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the S&P 500 is the best
 
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