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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 2.44%

Published 04/20/2020, 05:25 PM
Updated 04/20/2020, 05:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 2.44%

Investing.com – U.S. stocks were lower after the close on Monday, as losses in the Utilities, Oil & Gas and Financials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 2.44%, while the S&P 500 index fell 1.79%, and the NASDAQ Composite index fell 1.03%.

The best performers of the session on the Dow Jones Industrial Average were International Business Machines (NYSE:IBM), which rose 0.24% or 0.29 points to trade at 120.41 at the close. Meanwhile, Cisco Systems Inc (NASDAQ:CSCO) added 0.14% or 0.06 points to end at 42.54 and Johnson & Johnson (NYSE:JNJ) was down 0.23% or 0.35 points to 151.67 in late trade.

The worst performers of the session were Boeing Co (NYSE:BA), which fell 6.75% or 10.39 points to trade at 143.61 at the close. Dow Inc (NYSE:DOW) declined 5.66% or 1.89 points to end at 31.53 and Exxon Mobil Corp (NYSE:XOM) was down 4.72% or 2.04 points to 41.18.

The top performers on the S&P 500 were FLIR Systems Inc (NASDAQ:FLIR) which rose 14.11% to 38.97, DuPont Inc (NYSE:DD) which was up 3.55% to settle at 39.72 and Nektar Therapeutics (NASDAQ:NKTR) which gained 3.50% to close at 20.11.

The worst performers were Macy’s Inc (NYSE:M) which was down 10.30% to 5.31 in late trade, Macerich Company (NYSE:MAC) which lost 10.19% to settle at 6.26 and Vornado Realty Trust (NYSE:VNO) which was down 9.27% to 38.15 at the close.

The top performers on the NASDAQ Composite were Benitec Biopharma Ltd ADR (NASDAQ:BNTC) which rose 124.78% to 13.06, Cyclacel Pharmaceuticals Inc (NASDAQ:CYCC) which was up 37.80% to settle at 8.6400 and Immuron Ltd ADR (NASDAQ:IMRN) which gained 36.17% to close at 3.20.

The worst performers were Check Cap Ltd (NASDAQ:CHEK) which was down 46.12% to 0.555 in late trade, Liberty Tripadvisor Holdings Inc (NASDAQ:LTRPB) which lost 22.31% to settle at 37.16 and CSI Compressco LP (NASDAQ:CCLP) which was down 22.14% to 0.490 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2236 to 662 and 38 ended unchanged; on the Nasdaq Stock Exchange, 1623 fell and 1057 advanced, while 43 ended unchanged.

Shares in Check Cap Ltd (NASDAQ:CHEK) fell to all time lows; losing 46.12% or 0.475 to 0.555.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 14.89% to 43.83.

Gold Futures for June delivery was up 0.78% or 13.30 to $1712.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 15.26% or 3.82 to hit $21.21 a barrel, while the June Brent oil contract fell 0.04% or 0.01 to trade at $25.95 a barrel.

EUR/USD was up 0.01% to 1.0863, while USD/JPY rose 0.01% to 107.62.

The US Dollar Index Futures was up 0.22% at 100.055.

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