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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 2.94%

Stock Markets Mar 03, 2020 05:25PM ET
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© Reuters. U.S. stocks lower at close of trade; Dow Jones Industrial Average down 2.94%

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

At the close in NYSE, the Dow Jones Industrial Average declined 2.94%, while the S&P 500 index fell 2.81%, and the NASDAQ Composite index fell 2.99%.

The best performers of the session on the Dow Jones Industrial Average were Coca-Cola Company (NYSE:KO), which rose 0.25% or 0.14 points to trade at 56.06 at the close. Meanwhile, Home Depot Inc (NYSE:HD) fell 0.87% or 2.00 points to end at 227.94 and United Technologies Corporation (NYSE:UTX) was down 1.15% or 1.54 points to 132.53 in late trade.

The worst performers of the session were American Express Company (NYSE:AXP), which fell 5.15% or 5.86 points to trade at 108.01 at the close. 3M Company (NYSE:MMM) declined 5.08% or 7.78 points to end at 145.24 and Microsoft Corporation (NASDAQ:MSFT) was down 4.79% or 8.28 points to 164.51.

The top performers on the S&P 500 were Newmont Goldcorp Corp (NYSE:NEM) which rose 6.19% to 49.73, CME Group Inc (NASDAQ:CME) which was up 3.19% to settle at 216.07 and Lennar Corporation (NYSE:LEN) which gained 2.59% to close at 64.24.

The worst performers were Unum Group (NYSE:UNM) which was down 8.99% to 22.79 in late trade, The Charles Schwab Corporation (NYSE:SCHW) which lost 8.77% to settle at 38.30 and SVB Financial Group (NASDAQ:SIVB) which was down 8.36% to 198.63 at the close.

The top performers on the NASDAQ Composite were Inovio Pharmaceuticals Inc (NASDAQ:INO) which rose 69.70% to 7.45, Superconductor Technologies Inc (NASDAQ:SCON) which was up 59.19% to settle at 0.3136 and Stealth BioTherapeutics Corp (NASDAQ:MITO) which gained 58.21% to close at 3.07.

The worst performers were Spherix Inc (NASDAQ:SPEX) which was down 36.59% to 0.780 in late trade, CHF Solutions Inc (NASDAQ:CHFS) which lost 27.01% to settle at 0.451 and Heat Biologics Inc (NASDAQ:HTBX) which was down 24.59% to 0.6033 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1908 to 946 and 50 ended unchanged; on the Nasdaq Stock Exchange, 1950 fell and 732 advanced, while 55 ended unchanged.

Shares in Unum Group (NYSE:UNM) fell to 5-year lows; falling 8.99% or 2.25 to 22.79. Shares in 3M Company (NYSE:MMM) fell to 3-years lows; falling 5.08% or 7.78 to 145.24. Shares in Inovio Pharmaceuticals Inc (NASDAQ:INO) rose to 52-week highs; gaining 69.70% or 3.06 to 7.45. Shares in Spherix Inc (NASDAQ:SPEX) fell to all time lows; down 36.59% or 0.450 to 0.780.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 10.17% to 36.82.

Gold Futures for April delivery was up 2.93% or 46.80 to $1641.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 0.77% or 0.36 to hit $47.11 a barrel, while the May Brent oil contract fell 0.21% or 0.11 to trade at $51.78 a barrel.

EUR/USD was up 0.01% to 1.1173, while USD/JPY rose 0.00% to 107.12.

The US Dollar Index Futures was down 0.16% at 97.160.

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 2.94%
 

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