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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.04%

Published 03/05/2024, 04:30 PM
©  Reuters U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.04%

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

At the close in NYSE, the Dow Jones Industrial Average declined 1.04%, while the S&P 500 index lost 1.02%, and the NASDAQ Composite index fell 1.65%.

The best performers of the session on the Dow Jones Industrial Average were 3M Company (NYSE:MMM), which rose 1.38% or 1.26 points to trade at 92.70 at the close. Meanwhile, Walmart Inc (NYSE:WMT) added 1.23% or 0.73 points to end at 60.03 and JPMorgan Chase & Co (NYSE:JPM) was up 0.97% or 1.82 points to 188.50 in late trade.

The worst performers of the session were Intel Corporation (NASDAQ:INTC), which fell 5.37% or 2.45 points to trade at 43.16 at the close. Salesforce Inc (NYSE:CRM) declined 5.04% or 15.86 points to end at 298.78 and Microsoft Corporation (NASDAQ:MSFT) was down 2.96% or 12.27 points to 402.65.

The top performers on the S&P 500 were Target Corporation (NYSE:TGT) which rose 12.03% to 168.60, DaVita HealthCare Partners Inc (NYSE:DVA) which was up 7.13% to settle at 134.69 and Hewlett Packard Enterprise Co (NYSE:HPE) which gained 5.54% to close at 18.10.

The worst performers were Albemarle Corp (NYSE:ALB) which was down 17.87% to 109.40 in late trade, Qorvo Inc (NASDAQ:QRVO) which lost 5.76% to settle at 113.29 and Intel Corporation (NASDAQ:INTC) which was down 5.37% to 43.16 at the close.

The top performers on the NASDAQ Composite were Airship AI Holdings Inc (NASDAQ:AISP) which rose 200.00% to 4.95, Sunshine Biopharma Inc (NASDAQ:SBFM) which was up 86.19% to settle at 0.08 and BeyondSpring Inc (NASDAQ:BYSI) which gained 76.83% to close at 2.90.

The worst performers were Quoin Pharmaceuticals Ltd DRC (NASDAQ:QNRX) which was down 48.28% to 1.50 in late trade, Presto Automation Inc (NASDAQ:PRST) which lost 28.57% to settle at 0.25 and Blue Star Foods Corp (NASDAQ:BSFC) which was down 28.47% to 0.10 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1715 to 1136 and 81 ended unchanged; on the Nasdaq Stock Exchange, 2212 fell and 1198 advanced, while 97 ended unchanged.

Shares in DaVita HealthCare Partners Inc (NYSE:DVA) rose to all time highs; gaining 7.13% or 8.96 to 134.69. Shares in Hewlett Packard Enterprise Co (NYSE:HPE) rose to 5-year highs; gaining 5.54% or 0.95 to 18.10. Shares in Walmart Inc (NYSE:WMT) rose to all time highs; gaining 1.23% or 0.73 to 60.03. Shares in JPMorgan Chase & Co (NYSE:JPM) rose to all time highs; gaining 0.97% or 1.82 to 188.50. Shares in Quoin Pharmaceuticals Ltd DRC (NASDAQ:QNRX) fell to all time lows; falling 48.28% or 1.40 to 1.50. Shares in BeyondSpring Inc (NASDAQ:BYSI) rose to 52-week highs; up 76.83% or 1.26 to 2.90.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 7.19% to 14.46.

Gold Futures for April delivery was up 0.53% or 11.20 to $2,137.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.75% or 0.59 to hit $78.15 a barrel, while the May Brent oil contract fell 0.94% or 0.78 to trade at $82.02 a barrel.

EUR/USD was unchanged 0.02% to 1.09, while USD/JPY fell 0.32% to 150.02.

The US Dollar Index Futures was down 0.04% at 103.73.

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