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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 3.94%

Published 09/13/2022, 04:25 PM
Updated 09/13/2022, 04:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 3.94%

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

At the close in NYSE, the Dow Jones Industrial Average declined 3.94% to hit a new 1-month low, while the S&P 500 index lost 4.32%, and the NASDAQ Composite index lost 5.16%.

The best performers of the session on the Dow Jones Industrial Average were Chevron Corp (NYSE:CVX), which fell 1.90% or 3.09 points to trade at 159.41 at the close. Meanwhile, The Travelers Companies Inc (NYSE:TRV) fell 1.88% or 3.11 points to end at 162.22 and Walmart Inc (NYSE:WMT) was down 2.06% or 2.85 points to 135.22 in late trade.

The worst performers of the session were Boeing Co (NYSE:BA), which fell 7.19% or 11.41 points to trade at 147.31 at the close. Intel Corporation (NASDAQ:INTC) declined 7.19% or 2.27 points to end at 29.29 and Home Depot Inc (NYSE:HD) was down 6.59% or 19.61 points to 277.93.

The top performers on the S&P 500 were Corteva Inc (NYSE:CTVA) which rose 0.87% to 62.65, Twitter Inc (NYSE:TWTR) which was up 0.70% to settle at 41.70 and CF Industries Holdings Inc (NYSE:CF) which gained 0.67% to close at 100.15.

The worst performers were Eastman Chemical Company (NYSE:EMN) which was down 11.34% to 84.11 in late trade, NVIDIA Corporation (NASDAQ:NVDA) which lost 9.47% to settle at 131.31 and Meta Platforms Inc (NASDAQ:META) which was down 9.37% to 153.13 at the close.

The top performers on the NASDAQ Composite were Akero Therapeutics Inc (NASDAQ:AKRO) which rose 136.76% to 29.05, Aditx Therapeutics Inc (NASDAQ:ADTX) which was up 113.75% to settle at 0.37 and Comera Life Sciences Holdings Inc (NASDAQ:CMRA) which gained 100.00% to close at 3.86.

The worst performers were Cardiff Oncology Inc (NASDAQ:CRDF) which was down 41.12% to 1.89 in late trade, Rent the Runway Inc (NASDAQ:RENT) which lost 38.74% to settle at 3.02 and InMed Pharmaceuticals Inc (NASDAQ:INM) which was down 35.73% to 12.07 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2826 to 351 and 81 ended unchanged; on the Nasdaq Stock Exchange, 3045 fell and 799 advanced, while 151 ended unchanged.

Shares in Eastman Chemical Company (NYSE:EMN) fell to 52-week lows; losing 11.34% or 10.76 to 84.11. Shares in NVIDIA Corporation (NASDAQ:NVDA) fell to 52-week lows; down 9.47% or 13.74 to 131.31. Shares in Meta Platforms Inc (NASDAQ:META) fell to 52-week lows; losing 9.37% or 15.83 to 153.13. Shares in Intel Corporation (NASDAQ:INTC) fell to 5-year lows; down 7.19% or 2.27 to 29.29. Shares in Akero Therapeutics Inc (NASDAQ:AKRO) rose to 52-week highs; up 136.76% or 16.78 to 29.05. Shares in Rent the Runway Inc (NASDAQ:RENT) fell to all time lows; falling 38.74% or 1.91 to 3.02.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 14.24% to 27.27 a new 1-month high.

Gold Futures for December delivery was down 1.63% or 28.45 to $1,712.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 0.26% or 0.23 to hit $87.55 a barrel, while the November Brent oil contract fell 0.67% or 0.63 to trade at $93.37 a barrel.

EUR/USD was down 1.44% to 1.00, while USD/JPY rose 1.23% to 144.59.

The US Dollar Index Futures was up 1.37% at 109.58.

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