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U.S. shares lower at close of trade; Dow Jones Industrial Average down 1.77%

Published 23/03/2018, 20:25
© Reuters.  U.S. shares lower at close of trade; Dow Jones Industrial Average down 1.77%
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Investing.com – U.S. equities were lower at the close on Friday, as losses in the Technology, Financials and Basic Materials sectors propelled shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 1.77% to hit a new 3-month low, while the S&P 500 index lost 2.10%, and the NASDAQ Composite index fell 2.43%.

The biggest gainers of the session on the Dow Jones Industrial Average were Boeing Co (NYSE:BA), which rose 0.43% or 1.39 points to trade at 321.00 at the close. Nike Inc (NYSE:NKE) added 0.33% or 0.21 points to end at 64.63 and Chevron Corporation (NYSE:CVX) was down 0.63% or 0.71 points to 112.98 in late trade.

Biggest losers included DowDuPont Inc (NYSE:DWDP), which lost 3.90% or 2.56 points to trade at 63.06 in late trade. 3M Company (NYSE:MMM) declined 3.50% or 7.81 points to end at 215.36 and Pfizer Inc (NYSE:PFE) shed 3.12% or 1.11 points to 34.49.

The top performers on the S&P 500 were Foot Locker Inc (NYSE:FL) which rose 4.44% to 43.74, Newmont Mining Corporation (NYSE:NEM) which was up 3.06% to settle at 38.76 and Cintas Corporation (NASDAQ:CTAS) which gained 2.91% to close at 167.85.

The worst performers were Western Digital Corporation (NASDAQ:WDC) which was down 8.42% to 92.34 in late trade, Micron Technology Inc (NASDAQ:MU) which lost 7.99% to settle at 54.21 and Applied Materials Inc (NASDAQ:AMAT) which was down 6.07% to 55.38 at the close.

The top performers on the NASDAQ Composite were iFresh Inc (NASDAQ:IFMK) which rose 25.96% to 9.22, Caredx Inc (NASDAQ:CDNA) which was up 25.75% to settle at 7.520 and Innovate Biopharmaceuticals Inc (NASDAQ:INNT) which gained 20.20% to close at 25.65.

The worst performers were Sphere 3D Corp (NASDAQ:ANY) which was down 26.29% to 1.290 in late trade, Ferroglobe PLC (NASDAQ:GSM) which lost 23.66% to settle at 11.09 and HTG Molecular Diagnostics Inc (NASDAQ:HTGM) which was down 17.07% to 4.470 at the close.

Declining stocks outnumbered rising ones by 2454 to 641 and 101 ended unchanged; on the Nasdaq Stock Exchange, 2010 fell and 547 advanced, while 95 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 6.21% to 24.79 a new 1-month high.

In commodities trading, Gold Futures for April delivery was up 1.54% or 20.40 to $1347.80 a troy ounce. Meanwhile, Crude oil for delivery in May rose 2.57% or 1.65 to hit $65.95 a barrel, while the May Brent oil contract rose 2.35% or 1.62 to trade at $70.53 a barrel.

EUR/USD was up 0.46% to 1.2358, while USD/JPY fell 0.43% to 104.83.

The US Dollar Index Futures was down 0.45% at 89.07.

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