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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.48%

Published 08/12/2019, 05:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.48%
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Investing.com – U.S. stocks were lower after the close on Monday, as losses in the Basic Materials, Financials and Industrials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 1.48%, while the S&P 500 index fell 1.23%, and the NASDAQ Composite index declined 1.20%.

The best performers of the session on the Dow Jones Industrial Average were Merck & Company Inc (NYSE:MRK), which rose 0.22% or 0.19 points to trade at 85.71 at the close. Meanwhile, Johnson & Johnson (NYSE:JNJ) fell 0.11% or 0.14 points to end at 131.90 and Verizon Communications Inc (NYSE:VZ) was down 0.20% or 0.11 points to 55.67 in late trade.

The worst performers of the session were Pfizer Inc (NYSE:PFE), which fell 2.64% or 0.96 points to trade at 35.39 at the close. Goldman Sachs Group Inc (NYSE:GS) declined 2.63% or 5.45 points to end at 201.45 and United Technologies Corporation (NYSE:UTX) was down 2.45% or 3.22 points to 128.02.

The top performers on the S&P 500 were Amgen Inc (NASDAQ:AMGN) which rose 4.86% to 205.78, CenturyLink Inc (NYSE:CTL) which was up 4.17% to settle at 11.23 and Sysco Corporation (NYSE:SYY) which gained 3.17% to close at 72.21.

The worst performers were Nektar Therapeutics (NASDAQ:NKTR) which was down 11.19% to 18.58 in late trade, Mosaic Co (NYSE:MOS) which lost 8.19% to settle at 20.75 and Corteva Inc (NYSE:CTVA) which was down 6.51% to 29.5700 at the close.

The top performers on the NASDAQ Composite were Yangtze River Port and Logistics Ltd (NASDAQ:YRIV) which rose 80.42% to 1.29, Arcadia Biosciences Inc (NASDAQ:RKDA) which was up 53.66% to settle at 6.930 and Cellect Biotechnology Ltd (NASDAQ:APOP) which gained 39.76% to close at 0.58.

The worst performers were Grupo Financiero Galicia SA ADR (NASDAQ:GGAL) which was down 56.12% to 16.7500 in late trade, MMTEC Inc (NASDAQ:MTC) which lost 49.14% to settle at 2.70 and Cresud SACIF y A (NASDAQ:CRESY) which was down 38.09% to 6.16 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2103 to 900 and 24 ended unchanged; on the Nasdaq Stock Exchange, 1768 fell and 892 advanced, while 86 ended unchanged.

Shares in Nektar Therapeutics (NASDAQ:NKTR) fell to 52-week lows; losing 11.19% or 2.34 to 18.58. Shares in Mosaic Co (NYSE:MOS) fell to 52-week lows; down 8.19% or 1.85 to 20.75. Shares in Pfizer Inc (NYSE:PFE) fell to 52-week lows; losing 2.64% or 0.96 to 35.39. Shares in Grupo Financiero Galicia SA ADR (NASDAQ:GGAL) fell to 3-years lows; falling 56.12% or 21.4200 to 16.7500. Shares in MMTEC Inc (NASDAQ:MTC) fell to all time lows; down 49.14% or 2.61 to 2.70. Shares in Cresud SACIF y A (NASDAQ:CRESY) fell to 5-year lows; down 38.09% or 3.79 to 6.16.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 17.36% to 21.09.

Gold Futures for December delivery was up 0.92% or 13.90 to $1522.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.48% or 0.26 to hit $54.76 a barrel, while the October Brent oil contract fell 0.21% or 0.12 to trade at $58.33 a barrel.

EUR/USD was up 0.02% to 1.1215, while USD/JPY fell 0.06% to 105.22.

The US Dollar Index Futures was down 0.10% at 97.225.

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