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U.S. shares lower at close of trade; Dow Jones Industrial Average down 2.42%

Published 16/06/2022, 21:25
Updated 16/06/2022, 21:25
©  Reuters U.S. shares lower at close of trade; Dow Jones Industrial Average down 2.42%

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

At the close in NYSE, the Dow Jones Industrial Average declined 2.42% to hit a new 52-week low, while the S&P 500 index lost 3.25%, and the NASDAQ Composite index lost 4.08%.

The biggest gainers of the session on the Dow Jones Industrial Average were Walmart Inc (NYSE:WMT), which rose 1.04% or 1.24 points to trade at 120.62 at the close. Procter & Gamble Company (NYSE:PG) added 0.61% or 0.81 points to end at 133.32 and Merck & Company Inc (NYSE:MRK) was up 0.31% or 0.26 points to 84.89 in late trade.

Biggest losers included American Express Company (NYSE:AXP), which lost 5.96% or 8.72 points to trade at 137.50 in late trade. Nike Inc (NYSE:NKE) declined 5.57% or 6.32 points to end at 107.12 and Caterpillar Inc (NYSE:CAT) shed 5.44% or 11.21 points to 194.79.

The top performers on the S&P 500 were Newmont Goldcorp Corp (NYSE:NEM) which rose 3.24% to 64.71, CME Group Inc (NASDAQ:CME) which was up 1.19% to settle at 203.28 and Walmart Inc (NYSE:WMT) which gained 1.04% to close at 120.62.

The worst performers were Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) which was down 11.51% to 10.38 in late trade, Royal Caribbean Cruises Ltd (NYSE:RCL) which lost 11.41% to settle at 35.16 and Carnival Corporation (NYSE:CCL) which was down 11.08% to 8.75 at the close.

The top performers on the NASDAQ Composite were Advent Technologies Holdings Inc (NASDAQ:ADN) which rose 243.97% to 3.99, Electric Last Mile Solutions Inc (NASDAQ:ELMS) which was up 100.28% to settle at 0.28 and Sidus Space Inc (NASDAQ:SIDU) which gained 63.03% to close at 7.63.

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The worst performers were EJF Acquisition Corp (NASDAQ:EJFA) which was down 42.71% to 5.50 in late trade, Ebix Inc (NASDAQ:EBIX) which lost 37.65% to settle at 14.59 and Hillstream Biopharma Inc (NASDAQ:HILS) which was down 28.78% to 0.91 at the close.

Declining stocks outnumbered rising ones by 2918 to 335 and 109 ended unchanged; on the Nasdaq Stock Exchange, 3190 fell and 676 advanced, while 248 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 11.24% to 32.95.

In commodities trading, Gold Futures for August delivery was up 2.07% or 37.75 to $1,857.35 a troy ounce. Meanwhile, Crude oil for delivery in July rose 1.45% or 1.67 to hit $116.98 a barrel, while the August Brent oil contract rose 0.61% or 0.72 to trade at $119.23 a barrel.

EUR/USD was up 1.01% to 1.05, while USD/JPY fell 1.25% to 132.15.

The US Dollar Index Futures was down 1.24% at 103.63.

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