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U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 1.39%

Published 02/28/2020, 05:25 PM
Updated 02/28/2020, 05:25 PM
© Reuters. U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 1.39%

Investing.com – U.S. stocks were mixed after the close on Friday, as gains in the Oil & Gas, Technology and Industrials sectors led shares higher while losses in the Utilities, Financials and Telecoms sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 1.39% to hit a new 6-months low, while the S&P 500 index declined 0.82%, and the NASDAQ Composite index added 0.01%.

The best performers of the session on the Dow Jones Industrial Average were Exxon Mobil Corp (NYSE:XOM), which rose 3.25% or 1.62 points to trade at 51.44 at the close. Meanwhile, Microsoft Corporation (NASDAQ:MSFT) added 2.42% or 3.83 points to end at 162.01 and Dow Inc (NYSE:DOW) was up 2.17% or 0.86 points to 40.41 in late trade.

The worst performers of the session were Boeing Co (NYSE:BA), which fell 4.40% or 12.65 points to trade at 275.11 at the close. JPMorgan Chase & Co (NYSE:JPM) declined 4.33% or 5.26 points to end at 116.11 and The Travelers Companies Inc (NYSE:TRV) was down 3.44% or 4.27 points to 119.81.

The top performers on the S&P 500 were Foot Locker Inc (NYSE:FL) which rose 8.02% to 36.25, Cimarex Energy Co (NYSE:XEC) which was up 7.83% to settle at 33.05 and Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) which gained 7.25% to close at 37.26.

The worst performers were The AES Corporation (NYSE:AES) which was down 8.66% to 16.73 in late trade, Mylan NV (NASDAQ:MYL) which lost 7.98% to settle at 17.19 and American Airlines Group (NASDAQ:AAL) which was down 7.52% to 19.05 at the close.

The top performers on the NASDAQ Composite were Biocept Inc (NASDAQ:BIOC) which rose 168.87% to 0.7800, Ritter Pharmaceuticals Inc (NASDAQ:RTTR) which was up 143.21% to settle at 0.6900 and Altimmune Inc (NASDAQ:ALT) which gained 110.23% to close at 3.700.

The worst performers were Tellurian Inc (NASDAQ:TELL) which was down 51.02% to 1.80 in late trade, Tonix Pharmaceuticals Holding Corp (NASDAQ:TNXP) which lost 37.57% to settle at 1.080 and Novan Inc (NASDAQ:NOVN) which was down 36.15% to 0.2199 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2197 to 709 and 35 ended unchanged; on the Nasdaq Stock Exchange, 1729 fell and 968 advanced, while 55 ended unchanged.

Shares in American Airlines Group (NASDAQ:AAL) fell to all time lows; falling 7.52% or 1.55 to 19.05. Shares in Boeing Co (NYSE:BA) fell to 52-week lows; losing 4.40% or 12.65 to 275.11. Shares in The Travelers Companies Inc (NYSE:TRV) fell to 52-week lows; losing 3.44% or 4.27 to 119.81. Shares in Tellurian Inc (NASDAQ:TELL) fell to 3-years lows; falling 51.02% or 1.88 to 1.80. Shares in Novan Inc (NASDAQ:NOVN) fell to all time lows; down 36.15% or 0.1245 to 0.2199.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 2.43% to 40.11 a new 3-years high.

Gold Futures for April delivery was down 3.37% or 55.35 to $1587.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 3.91% or 1.84 to hit $45.25 a barrel, while the May Brent oil contract fell 3.19% or 1.65 to trade at $50.08 a barrel.

EUR/USD was up 0.26% to 1.1027, while USD/JPY fell 1.36% to 108.08.

The US Dollar Index Futures was down 0.41% at 98.060.

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