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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 3.56%

Stock MarketsFeb 24, 2020 05:26PM ET
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© Reuters. U.S. stocks lower at close of trade; Dow Jones Industrial Average down 3.56%

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

At the close in NYSE, the Dow Jones Industrial Average fell 3.56% to hit a new 1-month low, while the S&P 500 index fell 3.35%, and the NASDAQ Composite index fell 3.71%.

The best performers of the session on the Dow Jones Industrial Average were Verizon Communications Inc (NYSE:VZ), which fell 0.36% or 0.21 points to trade at 57.99 at the close. Meanwhile, The Travelers Companies Inc (NYSE:TRV) fell 0.77% or 1.04 points to end at 134.12 and McDonald’s Corporation (NYSE:MCD) was down 1.09% or 2.35 points to 213.52 in late trade.

The worst performers of the session were UnitedHealth Group Incorporated (NYSE:UNH), which fell 7.84% or 23.64 points to trade at 277.79 at the close. American Express Company (NYSE:AXP) declined 4.97% or 6.71 points to end at 128.19 and Cisco Systems Inc (NASDAQ:CSCO) was down 4.96% or 2.29 points to 44.00.

The top performers on the S&P 500 were Regeneron Pharmaceuticals Inc (NASDAQ:REGN) which rose 5.51% to 425.38, Gilead Sciences Inc (NASDAQ:GILD) which was up 4.59% to settle at 72.90 and Newmont Goldcorp Corp (NYSE:NEM) which gained 1.66% to close at 50.26.

The worst performers were Carnival Corporation (NYSE:CCL) which was down 9.43% to 37.76 in late trade, Centene Corp (NYSE:CNC) which lost 9.38% to settle at 59.35 and Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) which was down 9.35% to 42.58 at the close.

The top performers on the NASDAQ Composite were Cocrystal Pharma Inc (NASDAQ:COCP) which rose 166.53% to 1.3300, Lipocine Inc (NASDAQ:LPCN) which was up 67.03% to settle at 0.7700 and Correvio Pharma Corp (NASDAQ:CORV) which gained 61.12% to close at 0.4700.

The worst performers were TSR Inc (NASDAQ:TSRI) which was down 31.21% to 3.62 in late trade, Tantech Holdings Ltd (NASDAQ:TANH) which lost 18.38% to settle at 1.110 and Lmp Automotive Holdings Inc (NASDAQ:LMPX) which was down 16.68% to 12.34 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2548 to 317 and 35 ended unchanged; on the Nasdaq Stock Exchange, 2347 fell and 349 advanced, while 34 ended unchanged.

Shares in Carnival Corporation (NYSE:CCL) fell to 5-year lows; down 9.43% or 3.93 to 37.76. Shares in Gilead Sciences Inc (NASDAQ:GILD) rose to 52-week highs; rising 4.59% or 3.20 to 72.90. Shares in Newmont Goldcorp Corp (NYSE:NEM) rose to 5-year highs; rising 1.66% or 0.82 to 50.26. Shares in Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) fell to 52-week lows; down 9.35% or 4.39 to 42.58. Shares in Tantech Holdings Ltd (NASDAQ:TANH) fell to all time lows; falling 18.38% or 0.250 to 1.110.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 46.55% to 25.03 a new 52-week high.

Gold Futures for April delivery was up 0.78% or 12.80 to $1661.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 3.84% or 2.05 to hit $51.33 a barrel, while the May Brent oil contract rose 0.18% or 0.10 to trade at $55.70 a barrel.

EUR/USD was up 0.02% to 1.0854, while USD/JPY fell 0.02% to 110.69.

The US Dollar Index Futures was up 0.02% at 99.210.

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 3.56%
 

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