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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.07%

Published 07/06/2023, 04:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.07%

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

At the close in NYSE, the Dow Jones Industrial Average declined 1.07%, while the S&P 500 index lost 0.79%, and the NASDAQ Composite index declined 0.82%.

The best performers of the session on the Dow Jones Industrial Average were Microsoft Corporation (NASDAQ:MSFT), which rose 0.92% or 3.12 points to trade at 341.27 at the close. Meanwhile, Apple Inc (NASDAQ:AAPL) added 0.25% or 0.48 points to end at 191.81 and Procter & Gamble Company (NYSE:PG) was down 0.12% or 0.19 points to 152.05 in late trade.

The worst performers of the session were Home Depot Inc (NYSE:HD), which fell 2.87% or 8.93 points to trade at 301.87 at the close. 3M Company (NYSE:MMM) declined 2.37% or 2.34 points to end at 96.29 and American Express Company (NYSE:AXP) was down 2.30% or 4.03 points to 170.94.

The top performers on the S&P 500 were BorgWarner Inc (NYSE:BWA) which rose 3.95% to 44.88, Sealed Air Corporation (NYSE:SEE) which was up 2.49% to settle at 40.29 and Garmin Ltd (NYSE:GRMN) which gained 2.10% to close at 107.46.

The worst performers were Moderna Inc (NASDAQ:MRNA) which was down 4.25% to 118.29 in late trade, PayPal Holdings Inc (NASDAQ:PYPL) which lost 3.94% to settle at 66.14 and Caesars Entertainment Corporation (NASDAQ:CZR) which was down 3.87% to 47.33 at the close.

The top performers on the NASDAQ Composite were EdtechX Holdings Acquisition Corp II (NASDAQ:EDTX) which rose 94.05% to 22.95, Caribou Biosciences Inc (NASDAQ:CRBU) which was up 45.59% to settle at 5.94 and Mullen Automotive Inc (NASDAQ:MULN) which gained 29.02% to close at 0.22.

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The worst performers were Allarity Therapeutics Inc (NASDAQ:ALLR) which was down 53.99% to 3.81 in late trade, VBI Vaccines Inc (NASDAQ:VBIV) which lost 51.24% to settle at 1.18 and Alpine Summit Energy Partners Inc (NASDAQ:ALPS) which was down 48.40% to 0.29 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2522 to 457 and 44 ended unchanged; on the Nasdaq Stock Exchange, 2683 fell and 850 advanced, while 130 ended unchanged.

Shares in Allarity Therapeutics Inc (NASDAQ:ALLR) fell to all time lows; losing 53.99% or 4.47 to 3.81. Shares in VBI Vaccines Inc (NASDAQ:VBIV) fell to 5-year lows; losing 51.24% or 1.24 to 1.18. Shares in Alpine Summit Energy Partners Inc (NASDAQ:ALPS) fell to all time lows; losing 48.40% or 0.27 to 0.29.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 8.89% to 15.44 a new 1-month high.

Gold Futures for August delivery was down 0.57% or 10.95 to $1,916.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.13% or 0.09 to hit $71.88 a barrel, while the September Brent oil contract fell 0.12% or 0.09 to trade at $76.56 a barrel.

EUR/USD was unchanged 0.34% to 1.09, while USD/JPY fell 0.36% to 144.12.

The US Dollar Index Futures was down 0.21% at 102.82.

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