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U.S. shares lower at close of trade; Dow Jones Industrial Average down 1.69%

Published 03/04/2020, 22:25
Updated 03/04/2020, 22:25
U.S. shares lower at close of trade; Dow Jones Industrial Average down 1.69%

Investing.com – U.S. equities were lower at the close on Friday, as losses in the Utilities, Telecoms and Financials sectors propelled shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 1.69%, while the S&P 500 index fell 1.51%, and the NASDAQ Composite index declined 1.53%.

The biggest gainers of the session on the Dow Jones Industrial Average were Pfizer Inc (NYSE:PFE), which rose 2.34% or 0.77 points to trade at 33.64 at the close. Boeing Co (NYSE:BA) added 1.01% or 1.25 points to end at 124.52 and Walgreens Boots Alliance Inc (NASDAQ:WBA) was up 0.99% or 0.40 points to 40.72 in late trade.

Biggest losers included UnitedHealth Group Incorporated (NYSE:UNH), which lost 4.55% or 10.95 points to trade at 229.49 in late trade. American Express Company (NYSE:AXP) declined 3.99% or 3.06 points to end at 73.60 and Visa Inc Class A (NYSE:V) shed 3.52% or 5.54 points to 151.85.

The top performers on the S&P 500 were Arconic Inc (NYSE:ARNC) which rose 29.79% to 8.06, Apache Corporation (NYSE:APA) which was up 14.71% to settle at 5.38 and L Brands Inc (NYSE:LB) which gained 11.72% to close at 11.34.

The worst performers were Xerox Corp (NYSE:XRX) which was down 8.55% to 16.90 in late trade, Foot Locker Inc (NYSE:FL) which lost 8.22% to settle at 18.32 and MGM Resorts International (NYSE:MGM) which was down 8.08% to 10.58 at the close.

The top performers on the NASDAQ Composite were Biosig Technologies Inc (NASDAQ:BSGM) which rose 42.38% to 5.14, Super League Gaming Inc (NASDAQ:SLGG) which was up 42.03% to settle at 2.94 and Electrocore LLC (NASDAQ:ECOR) which gained 37.98% to close at 1.030.

The worst performers were Pensare Acquisition Corp (NASDAQ:WRLS) which was down 47.06% to 2.70 in late trade, NCS Multistage Holdings Inc (NASDAQ:NCSM) which lost 29.98% to settle at 0.385 and Patriot National Bancorp Inc (NASDAQ:PNBK) which was down 27.61% to 4.43 at the close.

Declining stocks outnumbered rising ones by 2241 to 604 and 53 ended unchanged; on the Nasdaq Stock Exchange, 1921 fell and 748 advanced, while 58 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 8.07% to 46.80.

In commodities trading, Gold Futures for June delivery was up 0.67% or 11.05 to $1648.75 a troy ounce. Meanwhile, Crude oil for delivery in May rose 14.42% or 3.65 to hit $28.97 a barrel, while the June Brent oil contract rose 16.33% or 4.89 to trade at $34.83 a barrel.

EUR/USD was down 0.47% to 1.0805, while USD/JPY rose 0.52% to 108.47.

The US Dollar Index Futures was up 0.48% at 100.750.

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