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U.S. shares lower at close of trade; Dow Jones Industrial Average down 2.06%

Published 21/02/2023, 21:25
© Reuters.  U.S. shares lower at close of trade; Dow Jones Industrial Average down 2.06%

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

At the close in NYSE, the Dow Jones Industrial Average lost 2.06% to hit a new 1-month low, while the S&P 500 index fell 2.00%, and the NASDAQ Composite index declined 2.50%.

The biggest gainers of the session on the Dow Jones Industrial Average were Walmart Inc (NYSE:WMT), which rose 0.61% or 0.89 points to trade at 147.33 at the close. Procter & Gamble Company (NYSE:PG) fell 0.07% or 0.10 points to end at 139.91 and The Travelers Companies Inc (NYSE:TRV) was down 0.27% or 0.50 points to 185.25 in late trade.

Biggest losers included Home Depot Inc (NYSE:HD), which lost 7.06% or 22.45 points to trade at 295.50 in late trade. Intel Corporation (NASDAQ:INTC) declined 5.61% or 1.55 points to end at 26.06 and 3M Company (NYSE:MMM) shed 3.31% or 3.74 points to 109.25.

The top performers on the S&P 500 were General Mills Inc (NYSE:GIS) which rose 4.42% to 80.16, Organon & Co (NYSE:OGN) which was up 3.94% to settle at 27.05 and Molson Coors Brewing Co Class B (NYSE:TAP) which gained 3.13% to close at 53.65.

The worst performers were Generac Holdings Inc (NYSE:GNRC) which was down 8.68% to 115.77 in late trade, DISH Network Corporation (NASDAQ:DISH) which lost 8.62% to settle at 12.93 and Home Depot Inc (NYSE:HD) which was down 7.06% to 295.50 at the close.

The top performers on the NASDAQ Composite were Atlas Lithium Corp (NASDAQ:ATLX) which rose 51.52% to 10.94, Meihua International Medical Technologies Co Ltd (NASDAQ:MHUA) which was up 49.94% to settle at 39.00 and Arbe Robotics Ltd (NASDAQ:ARBE) which gained 47.13% to close at 6.40.

The worst performers were CVRx Inc (NASDAQ:CVRX) which was down 58.84% to 7.08 in late trade, Aileron Therapeutics Inc (NASDAQ:ALRN) which lost 37.77% to settle at 1.46 and TC BioPharm Holdings PLC (NASDAQ:TCBP) which was down 32.62% to 5.02 at the close.

Declining stocks outnumbered rising ones by 2708 to 381 and 59 ended unchanged; on the Nasdaq Stock Exchange, 3011 fell and 702 advanced, while 151 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 7.72% to 22.87 a new 1-month high.

In commodities trading, Gold Futures for April delivery was down 0.35% or 6.40 to $1,843.80 a troy ounce. Meanwhile, Crude oil for delivery in April fell 0.50% or 0.38 to hit $76.17 a barrel, while the April Brent oil contract fell 1.47% or 1.24 to trade at $82.83 a barrel.

EUR/USD was unchanged 0.34% to 1.06, while USD/JPY rose 0.56% to 134.99.

The US Dollar Index Futures was up 0.34% at 104.14.

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