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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.58%

Published 05/29/2018, 04:25 PM
Updated 05/29/2018, 04:26 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.58%

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

At the close in NYSE, the Dow Jones Industrial Average fell 1.58%, while the S&P 500 index fell 1.16%, and the NASDAQ Composite index lost 0.50%.

The best performers of the session on the Dow Jones Industrial Average were Coca-Cola Company (NYSE:KO), which rose 0.66% or 0.28 points to trade at 42.68 at the close. Meanwhile, Pfizer Inc (NYSE:PFE) added 0.06% or 0.02 points to end at 35.70 and Walmart Inc (NYSE:WMT) was down 0.07% or 0.06 points to 82.40 in late trade.

The worst performers of the session were JPMorgan Chase & Co (NYSE:JPM), which fell 4.27% or 4.73 points to trade at 105.93 at the close. Goldman Sachs Group Inc (NYSE:GS) declined 3.40% or 7.98 points to end at 227.03 and American Express Company (NYSE:AXP) was down 3.34% or 3.38 points to 97.72.

The top performers on the S&P 500 were Align Technology Inc (NASDAQ:ALGN) which rose 2.40% to 326.18, Applied Materials Inc (NASDAQ:AMAT) which was up 2.30% to settle at 52.02 and Kohl’s Corporation (NYSE:KSS) which gained 2.16% to close at 66.69.

The worst performers were BorgWarner Inc (NYSE:BWA) which was down 5.79% to 48.48 in late trade, Morgan Stanley (NYSE:MS) which lost 5.75% to settle at 49.96 and State Street Corporation (NYSE:STT) which was down 5.36% to 95.08 at the close.

The top performers on the NASDAQ Composite were Co-Diagnostics Inc (NASDAQ:CODX) which rose 118.52% to 3.54, Axovant Sciences Ltd (NASDAQ:AXON) which was up 23.65% to settle at 1.49 and Mammoth Energy Services Inc (NASDAQ:TUSK) which gained 22.25% to close at 38.08.

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The worst performers were Akers Biosciences Inc (NASDAQ:AKER) which was down 33.58% to 0.391 in late trade, Top Ships Inc (NASDAQ:TOPS) which lost 32.67% to settle at 1.0250 and NF Energy Saving Corporation (NASDAQ:NFEC) which was down 23.43% to 2.3200 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1797 to 1286 and 114 ended unchanged; on the Nasdaq Stock Exchange, 1534 fell and 1000 advanced, while 129 ended unchanged.

Shares in Align Technology Inc (NASDAQ:ALGN) rose to all time highs; up 2.40% or 7.64 to 326.18. Shares in Top Ships Inc (NASDAQ:TOPS) fell to 52-week lows; losing 32.67% or 0.4974 to 1.0250. Shares in Mammoth Energy Services Inc (NASDAQ:TUSK) rose to all time highs; gaining 22.25% or 6.93 to 38.08.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 29.27% to 17.09 a new 1-month high.

Gold Futures for June delivery was down 0.34% or 4.40 to $1299.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 1.53% or 1.04 to hit $66.84 a barrel, while the August Brent oil contract rose 0.23% or 0.17 to trade at $75.49 a barrel.

EUR/USD was down 0.76% to 1.1537, while USD/JPY fell 0.68% to 108.68.

The US Dollar Index Futures was up 0.48% at 94.81.

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