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

Published 09/05/2017, 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 Tuesday, as losses in the Financials, Basic Materials and Telecoms sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average lost 1.07%, while the S&P 500 index lost 0.76%, and the NASDAQ Composite index declined 0.93%.

The best performers of the session on the Dow Jones Industrial Average were Wal-Mart Stores Inc (NYSE:WMT), which rose 1.82% or 1.43 points to trade at 79.80 at the close. Meanwhile, Home Depot Inc (NYSE:HD) added 1.43% or 2.15 points to end at 152.93 and Exxon Mobil Corporation (NYSE:XOM) was up 0.80% or 0.61 points to 77.18 in late trade.

The worst performers of the session were United Technologies Corporation (NYSE:UTX), which fell 5.69% or 6.71 points to trade at 111.21 at the close. The Travelers Companies Inc (NYSE:TRV) declined 3.73% or 4.47 points to end at 115.43 and Goldman Sachs Group Inc (NYSE:GS) was down 3.59% or 8.10 points to 217.78.

The top performers on the S&P 500 were TripAdvisor Inc (NASDAQ:TRIP) which rose 4.23% to 44.55, Urban Outfitters Inc (NASDAQ:URBN) which was up 3.65% to settle at 21.87 and Seagate Technology PLC (NASDAQ:STX) which gained 2.99% to close at 32.75.

The worst performers were Mallinckrodt (NYSE:MNK) which was down 12.28% to 36.12 in late trade, XL Group Ltd (NYSE:XL) which lost 5.80% to settle at 38.27 and United Technologies Corporation (NYSE:UTX) which was down 5.69% to 111.21 at the close.

The top performers on the NASDAQ Composite were Insmed Inc (NASDAQ:INSM) which rose 119.61% to 26.990, XOMA Corp (NASDAQ:XOMA) which was up 44.19% to settle at 16.1200 and Tyme Technologies Inc (NASDAQ:TYME) which gained 32.04% to close at 7.50.

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The worst performers were Cellectis SA (NASDAQ:CLLS) which was down 20.26% to 25.66 in late trade, LM Funding America Inc (NASDAQ:LMFA) which lost 16.88% to settle at 2.61 and Federated National Holding Company (NASDAQ:FNHC) which was down 16.10% to 12.82 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2148 to 964 and 124 ended unchanged; on the Nasdaq Stock Exchange, 1705 fell and 809 advanced, while 126 ended unchanged.

Shares in Insmed Inc (NASDAQ:INSM) rose to 52-week highs; up 119.61% or 14.700 to 26.990. Shares in XOMA Corp (NASDAQ:XOMA) rose to 52-week highs; gaining 44.19% or 4.9400 to 16.1200. Shares in LM Funding America Inc (NASDAQ:LMFA) fell to all time lows; falling 16.88% or 0.53 to 2.61. Shares in Federated National Holding Company (NASDAQ:FNHC) fell to 3-years lows; losing 16.10% or 2.46 to 12.82.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 21.72% to 12.33.

Gold Futures for December delivery was up 1.01% or 13.42 to $1343.82 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 2.66% or 1.26 to hit $48.55 a barrel, while the November Brent oil contract rose 1.55% or 0.81 to trade at $53.15 a barrel.

EUR/USD was up 0.18% to 1.1917, while USD/JPY fell 0.83% to 108.81.

The US Dollar Index Futures was down 0.32% at 92.27.

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