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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 2.38%

Published 04/26/2022, 04:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 2.38%

Investing.com – U.S. stocks were lower after the close on Tuesday, as losses in the Consumer Goods, Technology and Consumer Services sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 2.38% to hit a new 1-month low, while the S&P 500 index declined 2.81%, and the NASDAQ Composite index declined 3.95%.

The best performers of the session on the Dow Jones Industrial Average were Chevron Corp (NYSE:CVX), which fell 0.61% or 0.96 points to trade at 156.53 at the close. Meanwhile, Johnson & Johnson (NYSE:JNJ) fell 0.72% or 1.33 points to end at 184.68 and Amgen Inc (NASDAQ:AMGN) was down 0.91% or 2.30 points to 249.87 in late trade.

The worst performers of the session were Nike Inc (NYSE:NKE), which fell 5.80% or 7.42 points to trade at 120.52 at the close. Boeing Co (NYSE:BA) declined 5.04% or 8.87 points to end at 167.04 and Visa Inc Class A (NYSE:V) was down 4.22% or 8.85 points to 201.10.

The top performers on the S&P 500 were Sherwin-Williams Co (NYSE:SHW) which rose 9.41% to 271.37, Waste Management Inc (NYSE:WM) which was up 5.25% to settle at 164.15 and Whirlpool Corporation (NYSE:WHR) which gained 4.63% to close at 187.16.

The worst performers were Tesla Inc (NASDAQ:TSLA) which was down 12.18% to 876.42 in late trade, General Electric Company (NYSE:GE) which lost 10.34% to settle at 80.59 and Universal Health Services Inc (NYSE:UHS) which was down 9.69% to 125.32 at the close.

The top performers on the NASDAQ Composite were Evoke Pharma Inc (NASDAQ:EVOK) which rose 118.50% to 0.86, Nutex Health Inc (NASDAQ:NUTX) which was up 73.76% to settle at 7.68 and Cyngn Inc (NASDAQ:CYN) which gained 52.07% to close at 3.68.

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The worst performers were Protagonist Therapeutics Inc (NASDAQ:PTGX) which was down 49.95% to 9.41 in late trade, Enjoy Technology Inc (NASDAQ:ENJY) which lost 29.95% to settle at 1.45 and LogicBio Therapeutics Inc (NASDAQ:LOGC) which was down 25.74% to 0.40 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2666 to 493 and 121 ended unchanged; on the Nasdaq Stock Exchange, 3252 fell and 636 advanced, while 169 ended unchanged.

Shares in General Electric Company (NYSE:GE) fell to 52-week lows; down 10.34% or 9.29 to 80.59. Shares in Boeing Co (NYSE:BA) fell to 52-week lows; down 5.04% or 8.87 to 167.04. Shares in Protagonist Therapeutics Inc (NASDAQ:PTGX) fell to 52-week lows; losing 49.95% or 9.39 to 9.41. Shares in Enjoy Technology Inc (NASDAQ:ENJY) fell to all time lows; falling 29.95% or 0.62 to 1.45. Shares in LogicBio Therapeutics Inc (NASDAQ:LOGC) fell to all time lows; losing 25.74% or 0.14 to 0.40.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 24.06% to 33.52 a new 1-month high.

Gold Futures for June delivery was up 0.57% or 10.75 to $1,906.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 3.63% or 3.58 to hit $102.12 a barrel, while the July Brent oil contract rose 2.98% or 3.04 to trade at $105.20 a barrel.

EUR/USD was down 0.67% to 1.06, while USD/JPY fell 0.60% to 127.35.

The US Dollar Index Futures was up 0.57% at 102.35.

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