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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.11%

Published 03/04/2021, 05:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.11%

Investing.com – U.S. stocks were lower after the close on Thursday, as losses in the Industrials, Basic Materials and Technology sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 1.11%, while the S&P 500 index fell 1.34%, and the NASDAQ Composite index lost 2.11%.

The best performers of the session on the Dow Jones Industrial Average were Chevron Corp (NYSE:CVX), which rose 0.88% or 0.91 points to trade at 104.50 at the close. Meanwhile, UnitedHealth Group Incorporated (NYSE:UNH) added 0.28% or 0.94 points to end at 333.81 and American Express Company (NYSE:AXP) was up 0.06% or 0.09 points to 142.68 in late trade.

The worst performers of the session were Intel Corporation (NASDAQ:INTC), which fell 2.62% or 1.57 points to trade at 58.33 at the close. Home Depot Inc (NYSE:HD) declined 2.50% or 6.43 points to end at 250.93 and Walt Disney Company (NYSE:DIS) was down 2.20% or 4.23 points to 188.03.

The top performers on the S&P 500 were Diamondback Energy Inc (NASDAQ:FANG) which rose 9.16% to 81.26, EOG Resources Inc (NYSE:EOG) which was up 6.63% to settle at 71.43 and Marathon Oil Corporation (NYSE:MRO) which gained 6.28% to close at 12.36.

The worst performers were Western Digital Corporation (NASDAQ:WDC) which was down 8.87% to 63.49 in late trade, Freeport-McMoran Copper & Gold Inc (NYSE:FCX) which lost 6.57% to settle at 32.70 and Mosaic Co (NYSE:MOS) which was down 6.31% to 29.57 at the close.

The top performers on the NASDAQ Composite were Five Prime Therapeutics Inc (NASDAQ:FPRX) which rose 78.74% to 38.00, Super League Gaming Inc (NASDAQ:SLGG) which was up 69.29% to settle at 8.82 and Allied Esports Entertainment Inc (NASDAQ:AESE) which gained 30.80% to close at 3.27.

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The worst performers were The Dixie Group Inc (NASDAQ:DXYN) which was down 40.66% to 3.240 in late trade, Biovie Inc (NASDAQ:BIVI) which lost 38.73% to settle at 14.35 and Appharvest Inc (NASDAQ:APPH) which was down 34.35% to 18.75 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2522 to 716 and 62 ended unchanged; on the Nasdaq Stock Exchange, 2846 fell and 515 advanced, while 37 ended unchanged.

Shares in Diamondback Energy Inc (NASDAQ:FANG) rose to 52-week highs; rising 9.16% or 6.82 to 81.26. Shares in Marathon Oil Corporation (NYSE:MRO) rose to 52-week highs; up 6.28% or 0.73 to 12.36. Shares in Chevron Corp (NYSE:CVX) rose to 52-week highs; gaining 0.88% or 0.91 to 104.50. Shares in American Express Company (NYSE:AXP) rose to all time highs; up 0.06% or 0.09 to 142.68. Shares in Five Prime Therapeutics Inc (NASDAQ:FPRX) rose to 3-years highs; rising 78.74% or 16.74 to 38.00. Shares in Super League Gaming Inc (NASDAQ:SLGG) rose to 52-week highs; up 69.29% or 3.61 to 8.82.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 7.12% to 28.57.

Gold Futures for April delivery was down 1.22% or 20.95 to $1694.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 4.49% or 2.75 to hit $64.03 a barrel, while the May Brent oil contract rose 4.53% or 2.90 to trade at $66.97 a barrel.

EUR/USD was up 0.07% to 1.1974, while USD/JPY fell 0.00% to 107.97.

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The US Dollar Index Futures was up 0.75% at 91.627.

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