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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.74%

Published 04/24/2018, 04:25 PM
Updated 04/24/2018, 04:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.74%

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

At the close in NYSE, the Dow Jones Industrial Average fell 1.74%, while the S&P 500 index lost 1.34%, and the NASDAQ Composite index fell 1.70%.

The best performers of the session on the Dow Jones Industrial Average were Verizon Communications Inc (NYSE:VZ), which rose 2.08% or 1.01 points to trade at 49.67 at the close. Meanwhile, General Electric Company (NYSE:GE) added 1.10% or 0.16 points to end at 14.68 and Pfizer Inc (NYSE:PFE) was up 0.71% or 0.26 points to 37.06 in late trade.

The worst performers of the session were 3M Company (NYSE:MMM), which fell 6.83% or 14.75 points to trade at 201.13 at the close. Caterpillar Inc (NYSE:CAT) declined 6.20% or 9.55 points to end at 144.44 and DowDuPont Inc (NYSE:DWDP) was down 3.69% or 2.42 points to 63.18.

The top performers on the S&P 500 were Cadence Design Systems Inc (NASDAQ:CDNS) which rose 9.12% to 40.09, Fifth Third Bancorp (NASDAQ:FITB) which was up 4.13% to settle at 33.25 and Whirlpool Corporation (NYSE:WHR) which gained 3.75% to close at 155.96.

The worst performers were Freeport-McMoran Copper & Gold Inc (NYSE:FCX) which was down 14.51% to 16.08 in late trade, Incyte Corporation (NASDAQ:INCY) which lost 8.50% to settle at 62.35 and Masco Corporation (NYSE:MAS) which was down 8.34% to 36.16 at the close.

The top performers on the NASDAQ Composite were Check Cap Ltd (NASDAQ:CHEK) which rose 104.82% to 14.870, Evine Live Inc (NASDAQ:EVLV) which was up 31.25% to settle at 1.060 and SemiLEDS Corporation (NASDAQ:LEDS) which gained 27.16% to close at 4.2600.

The worst performers were Valeritas Holdings Inc (NASDAQ:VLRX) which was down 35.69% to 1.64 in late trade, Westmoreland Coal Company (NASDAQ:WLB) which lost 25.00% to settle at 0.15 and Acasti Pharma Inc (NASDAQ:ACST) which was down 24.51% to 0.770 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1950 to 1106 and 134 ended unchanged; on the Nasdaq Stock Exchange, 1571 fell and 953 advanced, while 153 ended unchanged.

Shares in Incyte Corporation (NASDAQ:INCY) fell to 3-years lows; down 8.50% or 5.79 to 62.35. Shares in Westmoreland Coal Company (NASDAQ:WLB) fell to all time lows; falling 25.00% or 0.05 to 0.15. Shares in Acasti Pharma Inc (NASDAQ:ACST) fell to 5-year lows; losing 24.51% or 0.250 to 0.770.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 10.34% to 18.03.

Gold Futures for June delivery was up 0.69% or 9.10 to $1333.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 1.18% or 0.81 to hit $67.83 a barrel, while the June Brent oil contract fell 1.02% or 0.76 to trade at $73.95 a barrel.

EUR/USD was up 0.21% to 1.2235, while USD/JPY rose 0.06% to 108.78.

The US Dollar Index Futures was down 0.15% at 90.55.

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