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U.S. shares lower at close of trade; Dow Jones Industrial Average down 12.93%

Published 16/03/2020, 21:25
Updated 16/03/2020, 21:25
© Reuters.  U.S. shares lower at close of trade; Dow Jones Industrial Average down 12.93%

Investing.com – U.S. equities were lower at the close on Monday, as losses in the Financials, Technology and Oil & Gas sectors propelled shares lower.

At the close in NYSE, the Dow Jones Industrial Average lost 12.93% to hit a new 3-year low, while the S&P 500 index declined 11.98%, and the NASDAQ Composite index lost 12.32%.

The biggest gainers of the session on the Dow Jones Industrial Average were Walgreens Boots Alliance Inc (NASDAQ:WBA), which fell 2.40% or 1.11 points to trade at 45.08 at the close. Procter & Gamble Company (NYSE:PG) fell 4.88% or 5.57 points to end at 108.50 and Johnson & Johnson (NYSE:JNJ) was down 5.33% or 7.16 points to 127.13 in late trade.

Biggest losers included Boeing Co (NYSE:BA), which lost 23.85% or 40.59 points to trade at 129.61 in late trade. The Travelers Companies Inc (NYSE:TRV) declined 20.80% or 22.35 points to end at 85.10 and Home Depot Inc (NYSE:HD) shed 19.79% or 40.71 points to 164.96.

The top performers on the S&P 500 were American Airlines Group (NASDAQ:AAL) which rose 11.25% to 15.92, ConAgra Foods Inc (NYSE:CAG) which was up 9.76% to settle at 27.21 and JM Smucker Company (NYSE:SJM) which gained 4.65% to close at 107.84.

The worst performers were MGM Resorts International (NYSE:MGM) which was down 33.61% to 10.25 in late trade, Apache Corporation (NYSE:APA) which lost 32.34% to settle at 5.46 and Capri Holdings Ltd (NYSE:CPRI) which was down 30.65% to 9.66 at the close.

The top performers on the NASDAQ Composite were OpGen Inc (NASDAQ:OPGN) which rose 101.00% to 4.040, Waitr Holdings Inc (NASDAQ:WTRH) which was up 74.98% to settle at 0.5512 and Trevi Therapeutics Inc (NASDAQ:TRVI) which gained 48.30% to close at 3.71.

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The worst performers were Gulfport Energy Corporation (NASDAQ:GPOR) which was down 65.33% to 0.950 in late trade, Internap Corp (NASDAQ:INAP) which lost 58.57% to settle at 0.140 and Oasis Petroleum Inc (NASDAQ:OAS) which was down 57.99% to 0.420 at the close.

Declining stocks outnumbered rising ones by 2815 to 140 and 6 ended unchanged; on the Nasdaq Stock Exchange, 2537 fell and 195 advanced, while 12 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 42.99% to 82.69 a new all time high.

In commodities trading, Gold Futures for April delivery was down 0.15% or 2.20 to $1514.50 a troy ounce. Meanwhile, Crude oil for delivery in May fell 10.09% or 3.24 to hit $28.87 a barrel, while the May Brent oil contract rose 0.37% or 0.11 to trade at $29.73 a barrel.

EUR/USD was down 0.12% to 1.1168, while USD/JPY rose 0.06% to 105.92.

The US Dollar Index Futures was down 0.81% at 98.102.

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