Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 3.04%

Published 03/23/2020, 05:25 PM
Updated 03/23/2020, 05:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 3.04%

© Reuters. U.S. stocks lower at close of trade; Dow Jones Industrial Average down 3.04%

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

At the close in NYSE, the Dow Jones Industrial Average fell 3.04% to hit a new 3-years low, while the S&P 500 index declined 2.93%, and the NASDAQ Composite index fell 0.27%.

The best performers of the session on the Dow Jones Industrial Average were Boeing Co (NYSE:BA), which rose 11.17% or 10.61 points to trade at 105.62 at the close. Meanwhile, Intel Corporation (NASDAQ:INTC) added 8.18% or 3.75 points to end at 49.58 and Home Depot Inc (NYSE:HD) was up 6.73% or 10.24 points to 162.39 in late trade.

The worst performers of the session were United Technologies Corporation (NYSE:UTX), which fell 9.18% or 7.58 points to trade at 74.95 at the close. Chevron Corp (NYSE:CVX) declined 8.71% or 5.17 points to end at 54.22 and McDonald’s Corporation (NYSE:MCD) was down 7.67% or 11.39 points to 137.10.

The top performers on the S&P 500 were Royal Caribbean Cruises Ltd (NYSE:RCL) which rose 18.40% to 28.19, Coty Inc (NYSE:COTY) which was up 14.96% to settle at 5.15 and FLIR Systems Inc (NASDAQ:FLIR) which gained 13.52% to close at 28.97.

The worst performers were Macy’s Inc (NYSE:M) which was down 20.10% to 4.81 in late trade, Kohls Corp (NYSE:KSS) which lost 17.41% to settle at 13.09 and HollyFrontier Corporation (NYSE:HFC) which was down 16.25% to 18.66 at the close.

The top performers on the NASDAQ Composite were Alterity Therapeutics Ltd (NASDAQ:ATHE) which rose 100.00% to 0.7200, Jiayin Group Inc (NASDAQ:JFIN) which was up 72.16% to settle at 3.03 and Daseke Inc (NASDAQ:DSKE) which gained 67.95% to close at 1.44.

The worst performers were Frontier Communications Corp (NASDAQ:FTR) which was down 56.67% to 0.3900 in late trade, Town Sports International Holdings (NASDAQ:CLUB) which lost 45.00% to settle at 0.660 and Bellerophon Therapeutics Inc (NASDAQ:BLPH) which was down 32.67% to 12.1200 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2239 to 690 and 19 ended unchanged; on the Nasdaq Stock Exchange, 1613 fell and 1095 advanced, while 39 ended unchanged.

Shares in Macy’s Inc (NYSE:M) fell to all time lows; losing 20.10% or 1.21 to 4.81. Shares in Kohls Corp (NYSE:KSS) fell to 5-year lows; down 17.41% or 2.76 to 13.09. Shares in HollyFrontier Corporation (NYSE:HFC) fell to 5-year lows; down 16.25% or 3.62 to 18.66. Shares in United Technologies Corporation (NYSE:UTX) fell to 5-year lows; down 9.18% or 7.58 to 74.95. Shares in Chevron Corp (NYSE:CVX) fell to 5-year lows; losing 8.71% or 5.17 to 54.22. Shares in McDonald’s Corporation (NYSE:MCD) fell to 52-week lows; falling 7.67% or 11.39 to 137.10.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 6.74% to 61.59.

Gold Futures for April delivery was up 5.11% or 75.80 to $1560.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 5.17% or 1.17 to hit $23.80 a barrel, while the May Brent oil contract rose 0.18% or 0.05 to trade at $27.54 a barrel.

EUR/USD was up 0.07% to 1.0728, while USD/JPY fell 0.05% to 111.14.

The US Dollar Index Futures was down 0.31% at 103.183.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.