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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 3.10%

Stock MarketsDec 04, 2018 04:26PM ET
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© Reuters. U.S. stocks lower at close of trade; Dow Jones Industrial Average down 3.10%

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

At the close in NYSE, the Dow Jones Industrial Average declined 3.10%, while the S&P 500 index declined 3.24%, and the NASDAQ Composite index lost 3.80%.

The best performers of the session on the Dow Jones Industrial Average were Procter & Gamble Company (NYSE:PG), which fell 0.01% or 0.01 points to trade at 93.31 at the close. Meanwhile, Verizon Communications Inc (NYSE:VZ) fell 0.12% or 0.07 points to end at 58.09 and Johnson & Johnson (NYSE:JNJ) was down 0.12% or 0.18 points to 146.03 in late trade.

The worst performers of the session were Caterpillar Inc (NYSE:CAT), which fell 6.93% or 9.63 points to trade at 129.32 at the close. Boeing Co (NYSE:BA) declined 4.85% or 17.46 points to end at 342.50 and Intel Corporation (NASDAQ:INTC) was down 4.75% or 2.38 points to 47.75.

The top performers on the S&P 500 were AutoZone Inc (NYSE:AZO) which rose 6.75% to 880.07, Newmont Mining Corporation (NYSE:NEM) which was up 1.72% to settle at 33.79 and Entergy Corporation (NYSE:ETR) which gained 1.33% to close at 88.98.

The worst performers were Advanced Micro Devices Inc (NASDAQ:AMD) which was down 10.92% to 21.12 in late trade, United Rentals Inc (NYSE:URI) which lost 10.88% to settle at 106.29 and E-TRADE Financial Corporation (NASDAQ:ETFC) which was down 8.05% to 48.65 at the close.

The top performers on the NASDAQ Composite were Pernix Therapeutics Holdings Inc (NASDAQ:PTX) which rose 41.63% to 0.575, American Electric Technologies Inc (NASDAQ:AETI) which was up 37.96% to settle at 1.490 and Novelion Therapeutics Inc (NASDAQ:NVLN) which gained 32.65% to close at 1.300.

The worst performers were Determine Inc (NASDAQ:DTRM) which was down 25.04% to 0.494 in late trade, ConforMIS Inc (NASDAQ:CFMS) which lost 22.46% to settle at 0.56 and Smaaash Entertainment Inc (NASDAQ:SMSH) which was down 19.64% to 2.67 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2584 to 533 and 42 ended unchanged; on the Nasdaq Stock Exchange, 2305 fell and 351 advanced, while 70 ended unchanged.

Shares in AutoZone Inc (NYSE:AZO) rose to all time highs; up 6.75% or 55.61 to 880.07. Shares in United Rentals Inc (NYSE:URI) fell to 52-week lows; losing 10.88% or 12.97 to 106.29. Shares in Entergy Corporation (NYSE:ETR) rose to 3-years highs; gaining 1.33% or 1.17 to 88.98. Shares in Smaaash Entertainment Inc (NASDAQ:SMSH) fell to all time lows; falling 19.64% or 0.65 to 2.67.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 26.16% to 20.74.

Gold Futures for February delivery was up 0.33% or 4.10 to $1243.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.23% or 0.12 to hit $52.83 a barrel, while the February Brent oil contract fell 0.18% or 0.11 to trade at $61.58 a barrel.

EUR/USD was down 0.11% to 1.1342, while USD/JPY fell 0.78% to 112.78.

The US Dollar Index Futures was down 0.06% at 96.907.

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 3.10%
 

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