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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.99%

Published 12/20/2018, 04:25 PM
Updated 12/20/2018, 04:26 PM
© Reuters. U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.99%

Investing.com – U.S. stocks were lower after the close on Thursday, as losses in the Oil & Gas, Telecoms and Consumer Services sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 1.99% to hit a new 52-week low, while the S&P 500 index fell 1.58%, and the NASDAQ Composite index lost 1.63%.

The best performers of the session on the Dow Jones Industrial Average were Johnson & Johnson (NYSE:JNJ), which rose 0.52% or 0.66 points to trade at 128.27 at the close. Meanwhile, Pfizer Inc (NYSE:PFE) fell 0.05% or 0.02 points to end at 41.95 and Intel Corporation (NASDAQ:INTC) was down 0.07% or 0.03 points to 45.54 in late trade.

The worst performers of the session were Walgreens Boots Alliance Inc (NASDAQ:WBA), which fell 5.02% or 3.68 points to trade at 69.61 at the close. United Technologies Corporation (NYSE:UTX) declined 3.67% or 4.18 points to end at 109.62 and Walmart Inc (NYSE:WMT) was down 3.61% or 3.27 points to 87.28.

The top performers on the S&P 500 were Newmont Mining Corporation (NYSE:NEM) which rose 6.23% to 34.09, AbbVie Inc (NYSE:ABBV) which was up 2.21% to settle at 85.370 and PPL Corporation (NYSE:PPL) which gained 1.66% to close at 28.70.

The worst performers were ConAgra Foods Inc (NYSE:CAG) which was down 16.53% to 24.28 in late trade, Carnival Corporation (NYSE:CCL) which lost 9.49% to settle at 49.79 and Chesapeake Energy Corporation (NYSE:CHK) which was down 8.91% to 1.840 at the close.

The top performers on the NASDAQ Composite were Inpixon (NASDAQ:INPX) which rose 37.12% to 4.1000, SilverSun Technologies Inc (NASDAQ:SSNT) which was up 28.89% to settle at 2.9000 and Digital Ally Inc (NASDAQ:DGLY) which gained 26.41% to close at 2.920.

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The worst performers were DBV Technologies (NASDAQ:DBVT) which was down 59.29% to 5.76 in late trade, ADMA Biologics Inc (NASDAQ:ADMA) which lost 45.61% to settle at 2.29 and Draper Oakwood Technology Acquisition Inc Class A (NASDAQ:RBZ) which was down 42.50% to 2.95 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2471 to 626 and 69 ended unchanged; on the Nasdaq Stock Exchange, 2042 fell and 620 advanced, while 72 ended unchanged.

Shares in ConAgra Foods Inc (NYSE:CAG) fell to 5-year lows; falling 16.53% or 4.81 to 24.28. Shares in Carnival Corporation (NYSE:CCL) fell to 52-week lows; falling 9.49% or 5.22 to 49.79. Shares in Chesapeake Energy Corporation (NYSE:CHK) fell to 52-week lows; down 8.91% or 0.180 to 1.840. Shares in United Technologies Corporation (NYSE:UTX) fell to 52-week lows; losing 3.67% or 4.18 to 109.62. Shares in DBV Technologies (NASDAQ:DBVT) fell to all time lows; down 59.29% or 8.39 to 5.76. Shares in ADMA Biologics Inc (NASDAQ:ADMA) fell to 52-week lows; falling 45.61% or 1.92 to 2.29. Shares in Draper Oakwood Technology Acquisition Inc Class A (NASDAQ:RBZ) fell to all time lows; down 42.50% or 2.18 to 2.95.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 11.25% to 28.38 a new 6-months high.

Gold Futures for February delivery was up 0.62% or 7.80 to $1264.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 4.05% or 1.95 to hit $46.22 a barrel, while the February Brent oil contract fell 4.30% or 2.46 to trade at $54.78 a barrel.

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EUR/USD was up 0.70% to 1.1456, while USD/JPY fell 1.08% to 111.27.

The US Dollar Index Futures was down 0.66% at 95.843.

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