💥 Fed cuts sparks mid cap boom! ProPicks AI scores with 4 stocks +23% each. Get October’s update first.Pick Stocks with AI

U.S. shares lower at close of trade; Dow Jones Industrial Average down 0.38%

Published 2023-07-05, 04:25 p/m
© Reuters.  U.S. shares lower at close of trade; Dow Jones Industrial Average down 0.38%

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

At the close in NYSE, the Dow Jones Industrial Average lost 0.38%, while the S&P 500 index lost 0.20%, and the NASDAQ Composite index lost 0.18%.

The biggest gainers of the session on the Dow Jones Industrial Average were Boeing Co (NYSE:BA), which rose 1.13% or 2.39 points to trade at 213.31 at the close. Salesforce Inc (NYSE:CRM) added 1.03% or 2.17 points to end at 213.82 and Walgreens Boots Alliance Inc (NASDAQ:WBA) was up 0.83% or 0.24 points to 29.26 in late trade.

Biggest losers included Intel Corporation (NASDAQ:INTC), which lost 3.30% or 1.11 points to trade at 32.51 in late trade. 3M Company (NYSE:MMM) declined 2.48% or 2.51 points to end at 98.63 and Goldman Sachs Group Inc (NYSE:GS) shed 2.01% or 6.56 points to 320.05.

The top performers on the S&P 500 were PG&E Corp (NYSE:PCG) which rose 3.13% to 17.82, Fidelity National Information Services Inc (NYSE:FIS) which was up 3.10% to settle at 59.80 and SBA Communications Corp (NASDAQ:SBAC) which gained 2.97% to close at 240.97.

The worst performers were Generac Holdings Inc (NYSE:GNRC) which was down 8.05% to 138.48 in late trade, Las Vegas Sands Corp (NYSE:LVS) which lost 5.62% to settle at 55.30 and Qorvo Inc (NASDAQ:QRVO) which was down 5.36% to 97.59 at the close.

The top performers on the NASDAQ Composite were Mullen Automotive Inc (NASDAQ:MULN) which rose 69.38% to 0.17, BioXcel Therapeutics Inc (NASDAQ:BTAI) which was up 42.26% to settle at 11.21 and Impel Neuropharma Inc (NASDAQ:IMPL) which gained 36.35% to close at 1.70.

The worst performers were Canopy Growth Corp (NASDAQ:CGC) which was down 22.19% to 0.46 in late trade, Connexa Sports Technologies Inc (NASDAQ:CNXA) which lost 21.09% to settle at 0.21 and AXT Inc (NASDAQ:AXTI) which was down 19.09% to 2.84 at the close.

Declining stocks outnumbered rising ones by 2073 to 901 and 99 ended unchanged; on the Nasdaq Stock Exchange, 2258 fell and 1273 advanced, while 144 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 3.50% to 14.18.

In commodities trading, Gold Futures for August delivery was down 0.33% or 6.40 to $1,923.10 a troy ounce. Meanwhile, Crude oil for delivery in August rose 3.05% or 2.13 to hit $71.92 a barrel, while the September Brent oil contract rose 0.55% or 0.42 to trade at $76.67 a barrel.

EUR/USD was unchanged 0.20% to 1.09, while USD/JPY rose 0.16% to 144.68.

The US Dollar Index Futures was up 0.37% at 103.03.

Latest comments

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.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.