Breaking News
Investing Pro 0
Cyber Monday Extended SALE: Up to 60% OFF InvestingPro+ CLAIM OFFER

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.62%

Stock Markets Sep 23, 2022 04:25PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.62%

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

At the close in NYSE, the Dow Jones Industrial Average lost 1.62% to hit a new 52-week low, while the S&P 500 index fell 1.72%, and the NASDAQ Composite index declined 1.80%.

The best performers of the session on the Dow Jones Industrial Average were Home Depot Inc (NYSE:HD), which rose 0.71% or 1.91 points to trade at 271.05 at the close. Meanwhile, Johnson & Johnson (NYSE:JNJ) added 0.45% or 0.75 points to end at 166.93 and Amgen Inc (NASDAQ:AMGN) was down 0.34% or 0.78 points to 226.97 in late trade.

The worst performers of the session were Chevron Corp (NYSE:CVX), which fell 6.53% or 10.12 points to trade at 144.77 at the close. Boeing Co (NYSE:BA) declined 5.37% or 7.45 points to end at 131.26 and Caterpillar Inc (NYSE:CAT) was down 3.70% or 6.31 points to 164.24.

The top performers on the S&P 500 were Generac Holdlings Inc (NYSE:GNRC) which rose 3.24% to 176.63, Domino’s Pizza Inc (NYSE:DPZ) which was up 3.10% to settle at 330.06 and IDEXX Laboratories Inc (NASDAQ:IDXX) which gained 2.49% to close at 334.20.

The worst performers were APA Corporation (NASDAQ:APA) which was down 11.43% to 32.87 in late trade, Marathon Oil Corporation (NYSE:MRO) which lost 10.94% to settle at 21.90 and DXC Technology Co (NYSE:DXC) which was down 9.33% to 23.84 at the close.

The top performers on the NASDAQ Composite were Golden Sun Education Group Ltd (NASDAQ:GSUN) which rose 92.05% to 52.89, Kiromic Biopharma Inc (NASDAQ:KRBP) which was up 46.43% to settle at 0.38 and Athersys Inc (NASDAQ:ATHX) which gained 39.32% to close at 1.63.

The worst performers were Ucommune International Ltd (NASDAQ:UK) which was down 41.29% to 3.00 in late trade, Color Star Technology Co Ltd (NASDAQ:CSCW) which lost 33.83% to settle at 0.04 and Spectrum Pharmaceuticals Inc (NASDAQ:SPPI) which was down 32.65% to 0.43 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2843 to 358 and 83 ended unchanged; on the Nasdaq Stock Exchange, 3033 fell and 788 advanced, while 196 ended unchanged.

Shares in DXC Technology Co (NYSE:DXC) fell to 52-week lows; losing 9.33% or 2.45 to 23.84. Shares in Caterpillar Inc (NYSE:CAT) fell to 52-week lows; losing 3.70% or 6.31 to 164.24. Shares in Color Star Technology Co Ltd (NASDAQ:CSCW) fell to all time lows; down 33.83% or 0.02 to 0.04. Shares in Spectrum Pharmaceuticals Inc (NASDAQ:SPPI) fell to all time lows; falling 32.65% or 0.21 to 0.43.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 9.40% to 29.92 a new 3-months high.

Gold Futures for December delivery was down 1.76% or 29.60 to $1,651.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 5.21% or 4.35 to hit $79.14 a barrel, while the November Brent oil contract fell 4.33% or 3.92 to trade at $86.54 a barrel.

EUR/USD was down 1.47% to 0.97, while USD/JPY rose 0.68% to 143.32.

The US Dollar Index Futures was up 1.50% at 112.77.

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.62%
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email