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U.S. shares lower at close of trade; Dow Jones Industrial Average down 1.45%

Published 03/02/2022, 22:25
Updated 03/02/2022, 22:25
© Reuters.  U.S. shares lower at close of trade; Dow Jones Industrial Average down 1.45%

Investing.com – U.S. equities were lower at the close on Thursday, as losses in the Technology, Consumer Services and Industrials sectors propelled shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 1.45%, while the S&P 500 index fell 2.44%, and the NASDAQ Composite index fell 3.74%.

The biggest gainers of the session on the Dow Jones Industrial Average were UnitedHealth Group Incorporated (NYSE:UNH), which rose 1.87% or 8.99 points to trade at 488.77 at the close. Procter & Gamble Company (NYSE:PG) added 0.95% or 1.54 points to end at 164.14 and Coca-Cola Co (NYSE:KO) was up 0.70% or 0.43 points to 61.61 in late trade.

Biggest losers included Honeywell International Inc (NASDAQ:HON), which lost 7.61% or 15.80 points to trade at 191.75 in late trade. Salesforce.com Inc (NYSE:CRM) declined 5.44% or 12.24 points to end at 212.77 and Microsoft Corporation (NASDAQ:MSFT) shed 3.80% or 11.91 points to 301.55.

The top performers on the S&P 500 were DXC Technology Co (NYSE:DXC) which rose 13.75% to 34.91, T-Mobile US Inc (NASDAQ:TMUS) which was up 10.22% to settle at 120.78 and Humana Inc (NYSE:HUM) which gained 6.23% to close at 426.21.

The worst performers were Meta Platforms Inc (NASDAQ:FB) which was down 26.44% to 237.60 in late trade, Xylem Inc (NYSE:XYL) which lost 12.18% to settle at 91.49 and Qorvo Inc (NASDAQ:QRVO) which was down 10.33% to 128.72 at the close.

The top performers on the NASDAQ Composite were Soc Telemed Inc (NASDAQ:TLMD) which rose 342.82% to 2.850, Kaival Brands Innovations Group Inc (NASDAQ:KAVL) which was up 92.06% to settle at 1.210 and Biocardia Inc (NASDAQ:BCDA) which gained 27.39% to close at 2.000.

The worst performers were Meta Platforms Inc (NASDAQ:FB) which was down 26.44% to 237.60 in late trade, Dave Inc (NASDAQ:DAVE) which lost 22.27% to settle at 10.82 and Redbox Entertainment Inc (NASDAQ:RDBX) which was down 20.39% to 2.030 at the close.

Declining stocks outnumbered rising ones by 2651 to 604 and 87 ended unchanged; on the Nasdaq Stock Exchange, 2994 fell and 835 advanced, while 168 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 10.23% to 24.35.

In commodities trading, Gold Futures for April delivery was down 0.28% or 5.05 to $1805.25 a troy ounce. Meanwhile, Crude oil for delivery in March rose 2.16% or 1.91 to hit $90.17 a barrel, while the April Brent oil contract fell 0.05% or 0.05 to trade at $90.94 a barrel.

EUR/USD was down 0.02% to 1.1436, while USD/JPY rose 0.01% to 114.96.

The US Dollar Index Futures was down 0.62% at 95.343.

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