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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.47%

Published 02/10/2022, 05:25 PM
Updated 02/10/2022, 05:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.47%

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

At the close in NYSE, the Dow Jones Industrial Average declined 1.47%, while the S&P 500 index lost 1.81%, and the NASDAQ Composite index fell 2.10%.

The best performers of the session on the Dow Jones Industrial Average were Walt Disney Company (NYSE:DIS), which rose 3.35% or 4.93 points to trade at 152.16 at the close. Meanwhile, Boeing Co (NYSE:BA) added 1.34% or 2.89 points to end at 218.75 and Coca-Cola Co (NYSE:KO) was up 0.56% or 0.34 points to 61.38 in late trade.

The worst performers of the session were Amgen Inc (NASDAQ:AMGN), which fell 3.49% or 8.28 points to trade at 228.91 at the close. Microsoft Corporation (NASDAQ:MSFT) declined 2.89% or 8.98 points to end at 302.23 and Home Depot Inc (NYSE:HD) was down 2.55% or 9.28 points to 355.09.

The top performers on the S&P 500 were Walt Disney Company (NYSE:DIS) which rose 3.35% to 152.16, Micron Technology Inc (NASDAQ:MU) which was up 3.28% to settle at 91.01 and Kellogg Company (NYSE:K) which gained 3.11% to close at 63.58.

The worst performers were Lumen Technologies Inc (NYSE:LUMN) which was down 15.52% to 10.83 in late trade, Interpublic Group of Companies Inc (NYSE:IPG) which lost 8.77% to settle at 35.98 and Zebra Technologies Corporation (NASDAQ:ZBRA) which was down 7.78% to 466.63 at the close.

The top performers on the NASDAQ Composite were Dermata Therapeutics Inc (NASDAQ:DRMA) which rose 32.71% to 1.42, Hudson Capital Inc (NASDAQ:HUSN) which was up 25.00% to settle at 2.975 and Vaccinex Inc (NASDAQ:VCNX) which gained 24.36% to close at 1.940.

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The worst performers were 2U Inc (NASDAQ:TWOU) which was down 47.86% to 9.38 in late trade, Quantum Corporation (NASDAQ:QMCO) which lost 38.99% to settle at 3.020 and Aspen Group Inc (NASDAQ:ASPU) which was down 38.00% to 1.240 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2459 to 821 and 110 ended unchanged; on the Nasdaq Stock Exchange, 2603 fell and 1280 advanced, while 192 ended unchanged.

Shares in Lumen Technologies Inc (NYSE:LUMN) fell to 52-week lows; down 15.52% or 1.99 to 10.83. Shares in 2U Inc (NASDAQ:TWOU) fell to all time lows; down 47.86% or 8.60 to 9.38. Shares in Quantum Corporation (NASDAQ:QMCO) fell to 52-week lows; falling 38.99% or 1.930 to 3.020. Shares in Aspen Group Inc (NASDAQ:ASPU) fell to all time lows; down 38.00% or 0.760 to 1.240.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 19.79% to 23.91.

Gold Futures for April delivery was down 0.50% or 9.20 to $1827.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.43% or 0.39 to hit $90.05 a barrel, while the April Brent oil contract rose 0.04% or 0.04 to trade at $91.45 a barrel.

EUR/USD was up 0.03% to 1.1430, while USD/JPY rose 0.01% to 116.01.

The US Dollar Index Futures was up 0.18% at 95.668.

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