Breaking News
Investing Pro 0
💎 Access the Market Tools Trusted by Thousands of Investors Get Started

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 7.79%

Published Mar 09, 2020 06:25PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. U.S. stocks lower at close of trade; Dow Jones Industrial Average down 7.79%
 
CTRA
-1.73%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
NOVNQ
4.17%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
NBLX
0.00%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
PR
-0.92%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
VIX
+0.00%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
CHRD
-1.41%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

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

At the close in NYSE, the Dow Jones Industrial Average declined 7.79% to hit a new 52-week low, while the S&P 500 index fell 7.60%, and the NASDAQ Composite index declined 7.29%.

The best performers of the session on the Dow Jones Industrial Average were Walmart Inc (NYSE:WMT), which fell 0.06% or 0.07 points to trade at 117.16 at the close. Meanwhile, Verizon Communications Inc (NYSE:VZ) fell 1.83% or 1.04 points to end at 55.83 and Pfizer Inc (NYSE:PFE) was down 3.60% or 1.26 points to 33.76 in late trade.

The worst performers of the session were Dow Inc (NYSE:DOW), which fell 21.66% or 8.44 points to trade at 30.53 at the close. Chevron Corp (NYSE:CVX) declined 15.37% or 14.65 points to end at 80.67 and Caterpillar Inc (NYSE:CAT) was down 14.28% or 17.34 points to 104.07.

The top performers on the S&P 500 were AutoZone Inc (NYSE:AZO) which rose 5.03% to 1113.69, Dollar Tree Inc (NASDAQ:DLTR) which was up 4.08% to settle at 83.51 and Cabot Oil & Gas Corporation (NYSE:COG) which gained 3.18% to close at 16.89.

The worst performers were Apache Corporation (NYSE:APA) which was down 53.86% to 9.55 in late trade, Occidental Petroleum Corporation (NYSE:OXY) which lost 52.01% to settle at 12.51 and Marathon Oil Corporation (NYSE:MRO) which was down 46.85% to 3.63 at the close.

The top performers on the NASDAQ Composite were Spherix Inc (NASDAQ:SPEX) which rose 96.34% to 3.220, Novan Inc (NASDAQ:NOVN) which was up 35.21% to settle at 0.5100 and LightPath Technologies Inc (NASDAQ:LPTH) which gained 27.42% to close at 1.5800.

The worst performers were Centennial Resource Development Inc (NASDAQ:CDEV) which was down 63.16% to 0.56 in late trade, Noble Midstream Partners LP (NASDAQ:NBLX) which lost 62.31% to settle at 4.50 and Oasis Petroleum Inc (NASDAQ:OAS) which was down 61.67% to 0.330 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2860 to 75 and 7 ended unchanged; on the Nasdaq Stock Exchange, 2634 fell and 101 advanced, while 17 ended unchanged.

Shares in Apache Corporation (NYSE:APA) fell to 5-year lows; down 53.86% or 11.15 to 9.55. Shares in Occidental Petroleum Corporation (NYSE:OXY) fell to 5-year lows; losing 52.01% or 13.56 to 12.51. Shares in Marathon Oil Corporation (NYSE:MRO) fell to all time lows; falling 46.85% or 3.20 to 3.63. Shares in Dow Inc (NYSE:DOW) fell to 5-year lows; down 21.66% or 8.44 to 30.53. Shares in Chevron Corp (NYSE:CVX) fell to 3-years lows; losing 15.37% or 14.65 to 80.67. Shares in Caterpillar Inc (NYSE:CAT) fell to 52-week lows; losing 14.28% or 17.34 to 104.07. Shares in Centennial Resource Development Inc (NASDAQ:CDEV) fell to all time lows; down 63.16% or 0.96 to 0.56. Shares in Noble Midstream Partners LP (NASDAQ:NBLX) fell to all time lows; falling 62.31% or 7.44 to 4.50. Shares in Oasis Petroleum Inc (NASDAQ:OAS) fell to all time lows; down 61.67% or 0.530 to 0.330.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 29.85% to 54.46 a new 5-year high.

Gold Futures for April delivery was down 0.32% or 5.35 to $1675.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 2.52% or 0.76 to hit $30.91 a barrel, while the May Brent oil contract fell 0.39% or 0.13 to trade at $33.32 a barrel.

EUR/USD was up 0.02% to 1.1449, while USD/JPY fell 0.12% to 102.22.

The US Dollar Index Futures was down 0.90% at 95.067.

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 7.79%
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email