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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.90%

Published 04/11/2018, 04:25 PM
Updated 04/11/2018, 04:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.90%

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

At the close in NYSE, the Dow Jones Industrial Average declined 0.90%, while the S&P 500 index fell 0.55%, and the NASDAQ Composite index fell 0.36%.

The best performers of the session on the Dow Jones Industrial Average were Exxon Mobil Corporation (NYSE:XOM), which rose 0.45% or 0.35 points to trade at 77.42 at the close. Meanwhile, McDonald’s Corporation (NYSE:MCD) added 0.34% or 0.56 points to end at 163.33 and Chevron Corporation (NYSE:CVX) was up 0.34% or 0.40 points to 119.25 in late trade.

The worst performers of the session were Boeing Co (NYSE:BA), which fell 2.23% or 7.46 points to trade at 327.37 at the close. UnitedHealth Group Incorporated (NYSE:UNH) declined 2.19% or 4.96 points to end at 221.83 and DowDuPont Inc (NYSE:DWDP) was down 1.78% or 1.17 points to 64.72.

The top performers on the S&P 500 were Mattel Inc (NASDAQ:MAT) which rose 6.58% to 14.41, Hilton Worldwide Holdings Inc (NYSE:HLT) which was up 6.05% to settle at 79.55 and Concho Resources Inc (NYSE:CXO) which gained 4.49% to close at 146.74.

The worst performers were Fastenal Company (NASDAQ:FAST) which was down 6.19% to 51.05 in late trade, WW Grainger Inc (NYSE:GWW) which lost 4.41% to settle at 279.13 and American Airlines Group (NASDAQ:AAL) which was down 4.34% to 45.40 at the close.

The top performers on the NASDAQ Composite were Argos Therapeutics Inc (NASDAQ:ARGS) which rose 49.32% to 1.09, China Advanced Construction Materials (NASDAQ:CADC) which was up 40.43% to settle at 3.300 and SemiLEDS Corporation (NASDAQ:LEDS) which gained 39.07% to close at 5.9800.

The worst performers were Long Blockchain Corp (NASDAQ:LBCC) which was down 37.14% to 1.10 in late trade, Rex Energy Corp (NASDAQ:REXX) which lost 27.06% to settle at 0.5252 and Izea Inc (NASDAQ:IZEA) which was down 21.64% to 1.8100 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 1606 to 1510 and 50 ended unchanged; on the Nasdaq Stock Exchange, 1269 fell and 1221 advanced, while 172 ended unchanged.

Shares in Long Blockchain Corp (NASDAQ:LBCC) fell to 52-week lows; losing 37.14% or 0.65 to 1.10. Shares in Rex Energy Corp (NASDAQ:REXX) fell to all time lows; falling 27.06% or 0.1948 to 0.5252.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 1.03% to 20.26.

Gold Futures for June delivery was up 0.77% or 10.40 to $1356.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 1.97% or 1.29 to hit $66.80 a barrel, while the June Brent oil contract rose 1.28% or 0.91 to trade at $71.95 a barrel.

EUR/USD was up 0.10% to 1.2367, while USD/JPY fell 0.35% to 106.83.

The US Dollar Index Futures was down 0.10% at 89.23.

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