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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.02%

Published 05/11/2022, 04:25 PM
Updated 05/11/2022, 04:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.02%

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

At the close in NYSE, the Dow Jones Industrial Average fell 1.02% to hit a new 52-week low, while the S&P 500 index lost 1.65%, and the NASDAQ Composite index lost 3.18%.

The best performers of the session on the Dow Jones Industrial Average were Visa Inc Class A (NYSE:V), which rose 1.62% or 3.14 points to trade at 196.72 at the close. Meanwhile, Merck & Company Inc (NYSE:MRK) added 1.57% or 1.38 points to end at 89.19 and Dow Inc (NYSE:DOW) was up 1.49% or 0.98 points to 66.79 in late trade.

The worst performers of the session were Apple Inc (NASDAQ:AAPL), which fell 5.18% or 8.01 points to trade at 146.50 at the close. Salesforce.com Inc (NYSE:CRM) declined 3.52% or 5.88 points to end at 161.27 and Microsoft Corporation (NASDAQ:MSFT) was down 3.32% or 8.95 points to 260.55.

The top performers on the S&P 500 were Electronic Arts Inc (NASDAQ:EA) which rose 7.97% to 120.49, Duke Realty Corporation (NYSE:DRE) which was up 7.83% to settle at 53.46 and Philip Morris International Inc (NYSE:PM) which gained 4.79% to close at 103.62.

The worst performers were DISH Network Corporation (NASDAQ:DISH) which was down 19.72% to 17.46 in late trade, Signature Bank (NASDAQ:SBNY) which lost 10.78% to settle at 194.50 and Enphase Energy Inc (NASDAQ:ENPH) which was down 9.30% to 137.55 at the close.

The top performers on the NASDAQ Composite were Regulus Therapeutics Inc (NASDAQ:RGLS) which rose 54.83% to 0.27, Golden Matrix Group Inc (NASDAQ:GMGI) which was up 23.91% to settle at 4.25 and Charge Enterprises Inc (NASDAQ:CRGE) which gained 22.07% to close at 3.65.

The worst performers were View Inc (NASDAQ:VIEW) which was down 62.04% to 0.52 in late trade, Redbox Entertainment Inc (NASDAQ:RDBX) which lost 42.86% to settle at 3.20 and SQL Technologies Corp (NASDAQ:SKYX) which was down 36.99% to 3.73 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2266 to 964 and 120 ended unchanged; on the Nasdaq Stock Exchange, 3182 fell and 788 advanced, while 139 ended unchanged.

Shares in DISH Network Corporation (NASDAQ:DISH) fell to 5-year lows; losing 19.72% or 4.29 to 17.46. Shares in Signature Bank (NASDAQ:SBNY) fell to 52-week lows; losing 10.78% or 23.51 to 194.50. Shares in Salesforce.com Inc (NYSE:CRM) fell to 52-week lows; down 3.52% or 5.88 to 161.27. Shares in View Inc (NASDAQ:VIEW) fell to all time lows; down 62.04% or 0.84 to 0.52.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 1.30% to 32.56.

Gold Futures for June delivery was up 0.55% or 10.15 to $1,851.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 5.48% or 5.47 to hit $105.23 a barrel, while the July Brent oil contract rose 4.55% or 4.66 to trade at $107.12 a barrel.

EUR/USD was unchanged 0.14% to 1.05, while USD/JPY fell 0.31% to 130.02.

The US Dollar Index Futures was up 0.11% at 104.06.

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