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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 2.55%

Published 05/01/2020, 05:25 PM
Updated 05/01/2020, 05:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 2.55%

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

At the close in NYSE, the Dow Jones Industrial Average lost 2.55%, while the S&P 500 index lost 2.81%, and the NASDAQ Composite index fell 3.20%.

The best performers of the session on the Dow Jones Industrial Average were Walmart Inc (NYSE:WMT), which rose 1.13% or 1.37 points to trade at 122.92 at the close. Meanwhile, Home Depot Inc (NYSE:HD) fell 0.57% or 1.26 points to end at 218.57 and Coca-Cola Company (NYSE:KO) was down 0.63% or 0.29 points to 45.60 in late trade.

The worst performers of the session were Dow Inc (NYSE:DOW), which fell 7.52% or 2.76 points to trade at 33.93 at the close. Exxon Mobil Corp (NYSE:XOM) declined 7.17% or 3.33 points to end at 43.14 and Raytheon Technologies Corp (NYSE:RTX) was down 5.71% or 3.70 points to 61.11.

The top performers on the S&P 500 were Fortune Brands Home & Security Inc (NYSE:FBHS) which rose 6.85% to 51.50, Clorox Co (NYSE:CLX) which was up 3.36% to settle at 192.71 and Aon PLC (NYSE:AON) which gained 3.21% to close at 178.21.

The worst performers were Weyerhaeuser Company (NYSE:WY) which was down 17.83% to 17.97 in late trade, Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) which lost 15.61% to settle at 13.84 and Helmerich and Payne Inc (NYSE:HP) which was down 14.97% to 16.81 at the close.

The top performers on the NASDAQ Composite were Liberty Global PLC Class B (NASDAQ:LBTYB) which rose 74.29% to 32.00, Discovery Communications B Inc (NASDAQ:DISCB) which was up 68.84% to settle at 57.95 and Gridsum Holding Inc (NASDAQ:GSUM) which gained 57.14% to close at 0.990.

The worst performers were Tuesday Morning Corp (NASDAQ:TUES) which was down 32.47% to 0.490 in late trade, Pulse Biosciences Inc (NASDAQ:PLSE) which lost 23.42% to settle at 8.60 and Centennial Resource Development Inc (NASDAQ:CDEV) which was down 23.29% to 0.91 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2463 to 439 and 37 ended unchanged; on the Nasdaq Stock Exchange, 2195 fell and 481 advanced, while 43 ended unchanged.

Shares in Liberty Global PLC Class B (NASDAQ:LBTYB) rose to 52-week highs; gaining 74.29% or 13.64 to 32.00. Shares in Discovery Communications B Inc (NASDAQ:DISCB) rose to all time highs; up 68.84% or 23.63 to 57.95.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 8.90% to 37.19.

Gold Futures for June delivery was up 0.95% or 16.05 to $1710.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 4.56% or 0.86 to hit $19.70 a barrel, while the July Brent oil contract rose 0.49% or 0.13 to trade at $26.61 a barrel.

EUR/USD was up 0.24% to 1.0981, while USD/JPY fell 0.25% to 106.91.

The US Dollar Index Futures was up 0.07% at 99.097.

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