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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.39%

Published 01/29/2021, 03:25 PM
Updated 01/29/2021, 03:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.39%

Investing.com – U.S. stocks were lower after the close on Friday, as losses in the Oil & Gas, Consumer Goods and Basic Materials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 1.39% to hit a new 1-month low, while the S&P 500 index lost 1.32%, and the NASDAQ Composite index lost 1.38%.

The best performers of the session on the Dow Jones Industrial Average were McDonald’s Corporation (NYSE:MCD), which rose 1.10% or 2.27 points to trade at 209.09 at the close. Meanwhile, Nike Inc (NYSE:NKE) added 0.10% or 0.13 points to end at 134.85 and Salesforce.com Inc (NYSE:CRM) was up 0.01% or 0.02 points to 226.52 in late trade.

The worst performers of the session were 3M Company (NYSE:MMM), which fell 3.50% or 6.42 points to trade at 177.00 at the close. Chevron Corp (NYSE:CVX) declined 3.67% or 3.27 points to end at 85.75 and Dow Inc (NYSE:DOW) was down 3.44% or 1.87 points to 52.51.

The top performers on the S&P 500 were Nektar Therapeutics (NASDAQ:NKTR) which rose 8.46% to 20.00, Skyworks Solutions Inc (NASDAQ:SWKS) which was up 6.89% to settle at 170.80 and Western Digital Corporation (NASDAQ:WDC) which gained 6.53% to close at 56.09.

The worst performers were Macerich Company (NYSE:MAC) which was down 14.89% to 16.18 in late trade, ResMed Inc (NYSE:RMD) which lost 7.23% to settle at 200.31 and Principal Financial Group Inc (NASDAQ:PFG) which was down 6.83% to 48.96 at the close.

The top performers on the NASDAQ Composite were Siebert Financial Corp (NASDAQ:SIEB) which rose 131.81% to 8.60, Iconix Brand Group Inc (NASDAQ:ICON) which was up 90.36% to settle at 3.160 and Koss Corporation (NASDAQ:KOSS) which gained 66.83% to close at 70.000.

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The worst performers were Marine Petroleum Trust (NASDAQ:MARPS) which was down 41.43% to 5.260 in late trade, eHealth Inc (NASDAQ:EHTH) which lost 38.47% to settle at 48.12 and Ucommune International Ltd (NASDAQ:UK) which was down 33.60% to 3.38 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2303 to 791 and 75 ended unchanged; on the Nasdaq Stock Exchange, 2121 fell and 970 advanced, while 55 ended unchanged.

Shares in Skyworks Solutions Inc (NASDAQ:SWKS) rose to all time highs; gaining 6.89% or 11.01 to 170.80. Shares in Iconix Brand Group Inc (NASDAQ:ICON) rose to 52-week highs; up 90.36% or 1.500 to 3.160. Shares in eHealth Inc (NASDAQ:EHTH) fell to 52-week lows; falling 38.47% or 30.08 to 48.12. Shares in Koss Corporation (NASDAQ:KOSS) rose to all time highs; gaining 66.83% or 28.040 to 70.000. Shares in Ucommune International Ltd (NASDAQ:UK) fell to all time lows; down 33.60% or 1.71 to 3.38.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 1.72% to 30.73.

Gold Futures for April delivery was up 0.46% or 8.40 to $1849.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March unchanged 0.00% or 0.00 to hit $52.34 a barrel, while the April Brent oil contract rose 0.04% or 0.02 to trade at $55.12 a barrel.

EUR/USD was up 0.12% to 1.2136, while USD/JPY rose 0.49% to 104.72.

The US Dollar Index Futures was up 0.11% at 90.528.

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