Investing.com – U.S. equities were lower at the close on Wednesday, as losses in the Oil & Gas, Basic Materials and Technology sectors propelled shares lower.
At the close in NYSE, the Dow Jones Industrial Average lost 3.05% to hit a new 1-month low, while the S&P 500 index fell 2.93%, and the NASDAQ Composite index lost 3.02%.
The biggest gainers of the session on the Dow Jones Industrial Average were Coca-Cola Company (NYSE:KO), which fell 0.92% or 0.49 points to trade at 53.01 at the close. Walmart Inc (NYSE:WMT) fell 1.11% or 1.19 points to end at 106.22 and Verizon Communications Inc (NYSE:VZ) was down 1.17% or 0.66 points to 55.71 in late trade.
Biggest losers included Dow Inc (NYSE:DOW), which lost 5.91% or 2.77 points to trade at 44.08 in late trade. Walgreens Boots Alliance Inc (NASDAQ:WBA) declined 5.01% or 2.66 points to end at 50.41 and Goldman Sachs Group Inc (NYSE:GS) shed 4.20% or 8.58 points to 195.53.
The top performers on the S&P 500 were Newmont Goldcorp Corp (NYSE:NEM) which rose 0.85% to 37.98, Ventas Inc (NYSE:VTR) which was up 0.24% to settle at 71.46 and Evergy Inc (NYSE:EVRG) which gained 0.08% to close at 63.790.
The worst performers were Macy’s Inc (NYSE:M) which was down 13.22% to 16.80 in late trade, Kohls Corp (NYSE:KSS) which lost 10.97% to settle at 45.11 and Nordstrom Inc (NYSE:JWN) which was down 10.65% to 26.02 at the close.
The top performers on the NASDAQ Composite were Akari Therapeutics PLC (NASDAQ:AKTX) which rose 62.22% to 2.920, Infrastructure and Energy Alternatives Inc (NASDAQ:IEA) which was up 53.97% to settle at 3.68 and Novavax Inc (NASDAQ:NVAX) which gained 40.47% to close at 6.040.
The worst performers were MMTEC Inc (NASDAQ:MTC) which was down 45.50% to 4.00 in late trade, Myriad Genetics Inc (NASDAQ:MYGN) which lost 42.76% to settle at 25.50 and DelMar Pharmaceuticals Inc (NASDAQ:DMPI) which was down 40.47% to 0.935 at the close.
Declining stocks outnumbered rising ones by 2573 to 461 and 11 ended unchanged; on the Nasdaq Stock Exchange, 2276 fell and 391 advanced, while 77 ended unchanged on the New York Stock Exchange.
The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 25.64% to 22.10.
In commodities trading, Gold Futures for December delivery was up 0.86% or 13.00 to $1527.10 a troy ounce. Meanwhile, Crude oil for delivery in September fell 3.82% or 2.18 to hit $54.92 a barrel, while the October Brent oil contract fell 0.17% or 0.10 to trade at $58.96 a barrel.
EUR/USD was up 0.02% to 1.1140, while USD/JPY fell 0.10% to 105.78.
The US Dollar Index Futures was up 0.20% at 97.830.
Should you invest $2,000 in DOW right now?
ProPicks AI are 6 model portfolios created by Investing.com which identify the best stocks for investors to buy now. The stocks that made the cut could produce monster returns in the coming years. Is DOW one of them?
Unlock ProPicks AI to find out