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

Stock MarketsMay 12, 2021 04:25PM ET
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© 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 Wednesday, as losses in the Technology, Basic Materials and Consumer Services sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average lost 1.99% to hit a new 1-month low, while the S&P 500 index declined 2.15%, and the NASDAQ Composite index lost 2.67%.

The best performers of the session on the Dow Jones Industrial Average were Merck & Company Inc (NYSE:MRK), which rose 0.68% or 0.53 points to trade at 77.99 at the close. Meanwhile, Chevron Corp (NYSE:CVX) added 0.63% or 0.67 points to end at 107.37 and Honeywell International Inc (NYSE:HON) was unchanged 0.00% or 0.00 points to 230.94 in late trade.

The worst performers of the session were Home Depot Inc (NYSE:HD), which fell 4.13% or 13.67 points to trade at 316.99 at the close. Boeing Co (NYSE:BA) declined 3.54% or 8.10 points to end at 220.78 and Microsoft Corporation (NASDAQ:MSFT) was down 2.91% or 7.17 points to 239.06.

The top performers on the S&P 500 were NortonLifeLock Inc (NASDAQ:NLOK) which rose 7.24% to 25.04, Viatris Inc (NASDAQ:VTRS) which was up 3.76% to settle at 15.71 and Perrigo Company PLC (NYSE:PRGO) which gained 3.18% to close at 45.75.

The worst performers were TripAdvisor Inc (NASDAQ:TRIP) which was down 9.44% to 41.16 in late trade, Gap Inc (NYSE:GPS) which lost 8.02% to settle at 32.46 and Macerich Company (NYSE:MAC) which was down 7.78% to 13.04 at the close.

The top performers on the NASDAQ Composite were Curis Inc (NASDAQ:CRIS) which rose 65.51% to 16.270, Lucira Health Inc (NASDAQ:LHDX) which was up 42.04% to settle at 7.23 and Autolus Therapeutics Ltd (NASDAQ:AUTL) which gained 35.87% to close at 6.78.

The worst performers were Array Technologies Inc (NASDAQ:ARRY) which was down 46.13% to 13.44 in late trade, Lianluo Smart Ltd (NASDAQ:LLIT) which lost 36.28% to settle at 6.2000 and FTC Solar Inc (NASDAQ:FTCI) which was down 24.79% to 8.80 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2798 to 453 and 73 ended unchanged; on the Nasdaq Stock Exchange, 2663 fell and 715 advanced, while 102 ended unchanged.

Shares in NortonLifeLock Inc (NASDAQ:NLOK) rose to 3-years highs; gaining 7.24% or 1.69 to 25.04. Shares in Curis Inc (NASDAQ:CRIS) rose to 3-years highs; rising 65.51% or 6.440 to 16.270. Shares in Array Technologies Inc (NASDAQ:ARRY) fell to all time lows; falling 46.13% or 11.51 to 13.44. Shares in FTC Solar Inc (NASDAQ:FTCI) fell to all time lows; falling 24.79% or 2.90 to 8.80.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 26.33% to 27.59 a new 1-month high.

Gold Futures for June delivery was down 1.12% or 20.65 to $1815.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.86% or 0.56 to hit $65.84 a barrel, while the July Brent oil contract rose 0.76% or 0.52 to trade at $69.07 a barrel.

EUR/USD was down 0.59% to 1.2074, while USD/JPY rose 0.94% to 109.64.

The US Dollar Index Futures was up 0.70% at 90.757.

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

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