💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

U.S. shares lower at close of trade; Dow Jones Industrial Average down 0.60%

Published 07/08/2024, 21:30
Updated 07/08/2024, 21:35
© Reuters.  U.S. shares lower at close of trade; Dow Jones Industrial Average down 0.60%
EUR/USD
-
US500
-
DJI
-
GC
-
LCO
-
CL
-
IXIC
-
VIX
-
DXY
-

Investing.com – U.S. equities were lower at the close on Wednesday, as losses in the Basic Materials, Technology and Healthcare sectors propelled shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 0.60%, while the S&P 500 index declined 0.77%, and the NASDAQ Composite index lost 1.03%.

The biggest gainers of the session on the Dow Jones Industrial Average were Apple Inc (NASDAQ:AAPL), which rose 1.27% or 2.63 points to trade at 209.82 at the close. Merck & Company Inc (NYSE:MRK) added 1.21% or 1.34 points to end at 112.49 and Procter & Gamble Company (NYSE:PG) was up 1.15% or 1.93 points to 170.02 in late trade.

Biggest losers included Amgen Inc (NASDAQ:AMGN), which lost 5.05% or 16.61 points to trade at 312.50 in late trade. Walt Disney Company (NYSE:DIS) declined 4.47% or 4.02 points to end at 85.95 and Intel Corporation (NASDAQ:INTC) shed 3.63% or 0.72 points to 18.99.

The top performers on the S&P 500 were Fortinet Inc (NASDAQ:FTNT) which rose 25.30% to 69.93, Axon Enterprise Inc (NASDAQ:AXON) which was up 18.39% to settle at 349.24 and VF Corporation (NYSE:VFC) which gained 7.06% to close at 17.60.

The worst performers were Super Micro Computer Inc (NASDAQ:SMCI) which was down 20.20% to 492.34 in late trade, Airbnb Inc (NASDAQ:ABNB) which lost 13.38% to settle at 113.01 and Charles River Laboratories (NYSE:CRL) which was down 12.60% to 199.96 at the close.

The top performers on the NASDAQ Composite were Richtech Robotics Inc (NASDAQ:RR) which rose 67.14% to 0.62, G1 Therapeutics Inc (NASDAQ:GTHX) which was up 66.12% to settle at 7.06 and Greenlane Holdings Inc (NASDAQ:GNLN) which gained 58.20% to close at 4.05.

The worst performers were Expion360 Inc (NASDAQ:XPON) which was down 68.08% to 0.08 in late trade, VBI Vaccines Inc (NASDAQ:VBIV) which lost 51.09% to settle at 0.07 and DZS Inc (NASDAQ:DZSI) which was down 50.00% to 0.52 at the close.

Declining stocks outnumbered rising ones by 1713 to 1129 and 77 ended unchanged; on the Nasdaq Stock Exchange, 2305 fell and 1051 advanced, while 111 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 0.51% to 27.85.

In commodities trading, Gold Futures for December delivery was down 0.37% or 9.10 to $2,422.50 a troy ounce. Meanwhile, Crude oil for delivery in September rose 2.99% or 2.19 to hit $75.39 a barrel, while the October Brent oil contract rose 2.59% or 1.98 to trade at $78.46 a barrel.

EUR/USD was unchanged 0.07% to 1.09, while USD/JPY rose 1.73% to 146.80.

The US Dollar Index Futures was up 0.22% at 102.98.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.