Breaking News
Close
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

U.S. shares lower at close of trade; Dow Jones Industrial Average down 3.57%

Stock Markets May 18, 2022 21:25
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters U.S. shares lower at close of trade; Dow Jones Industrial Average down 3.57%

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

At the close in NYSE, the Dow Jones Industrial Average lost 3.57% to hit a new 52-week low, while the S&P 500 index fell 4.04%, and the NASDAQ Composite index fell 4.73%.

The biggest gainers of the session on the Dow Jones Industrial Average were Verizon Communications Inc (NYSE:VZ), which fell 0.10% or 0.05 points to trade at 48.89 at the close. Amgen Inc (NASDAQ:AMGN) fell 0.57% or 1.39 points to end at 243.96 and Merck & Company Inc (NYSE:MRK) was down 0.97% or 0.90 points to 92.10 in late trade.

Biggest losers included Walgreens Boots Alliance Inc (NASDAQ:WBA), which lost 8.39% or 3.77 points to trade at 41.17 in late trade. Coca-Cola Co (NYSE:KO) declined 6.96% or 4.58 points to end at 61.20 and Walmart Inc (NYSE:WMT) shed 6.79% or 8.92 points to 122.43.

The top performers on the S&P 500 were TJX Companies Inc (NYSE:TJX) which rose 7.12% to 60.19, Assurant Inc (NYSE:AIZ) which was up 1.31% to settle at 186.85 and NRG Energy Inc (NYSE:NRG) which gained 1.24% to close at 45.76.

The worst performers were Target Corporation (NYSE:TGT) which was down 24.93% to 161.61 in late trade, Dollar Tree Inc (NASDAQ:DLTR) which lost 14.42% to settle at 133.80 and Old Dominion Freight Line Inc (NASDAQ:ODFL) which was down 12.97% to 236.47 at the close.

The top performers on the NASDAQ Composite were Troika Media Group Inc (NASDAQ:TRKA) which rose 48.21% to 0.58, Magenta Therapeutics Inc (NASDAQ:MGTA) which was up 32.20% to settle at 1.56 and Ricebran Tech (NASDAQ:RIBT) which gained 22.08% to close at 0.72.

The worst performers were Endo International PLC (NASDAQ:ENDP) which was down 46.54% to 0.62 in late trade, Baudax Bio Inc (NASDAQ:BXRX) which lost 31.53% to settle at 0.81 and INVO Bioscience Inc (NASDAQ:INVO) which was down 29.45% to 1.09 at the close.

Declining stocks outnumbered rising ones by 2730 to 459 and 100 ended unchanged; on the Nasdaq Stock Exchange, 3017 fell and 759 advanced, while 235 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 18.62% to 30.96.

In commodities trading, Gold Futures for June delivery was down 0.26% or 4.75 to $1,814.15 a troy ounce. Meanwhile, Crude oil for delivery in July fell 2.72% or 2.98 to hit $106.65 a barrel, while the July Brent oil contract fell 2.57% or 2.88 to trade at $109.05 a barrel.

EUR/USD was down 0.82% to 1.05, while USD/JPY fell 0.92% to 128.21.

The US Dollar Index Futures was up 0.53% at 103.96.

U.S. shares lower at close of trade; Dow Jones Industrial Average down 3.57%
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Our Apps
DOWNLOAD APPApp store
Investing.com
© 2007-2022 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
  • Sign up for FREE and get:
  • Real-Time Alerts
  • Advanced Portfolio Features
  • Personalized Charts
  • Fully-Synced App
Continue with Google
or
Sign up with Email