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U.S. shares lower at close of trade; Dow Jones Industrial Average down 1.02%

Published 2022-05-11, 04:25 p/m
© Reuters.  U.S. shares lower at close of trade; Dow Jones Industrial Average down 1.02%
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Investing.com – U.S. equities were lower at the close on Wednesday, as losses in the Technology, Consumer Services and Consumer Goods sectors propelled shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 1.02% to hit a new 52-week low, while the S&P 500 index fell 1.65%, and the NASDAQ Composite index lost 3.18%.

The biggest gainers of the session on the Dow Jones Industrial Average were Visa Inc Class A (NYSE:V), which rose 1.62% or 3.14 points to trade at 196.72 at the close. Merck & Company Inc (NYSE:MRK) added 1.57% or 1.38 points to end at 89.19 and Dow Inc (NYSE:DOW) was up 1.49% or 0.98 points to 66.79 in late trade.

Biggest losers included Apple Inc (NASDAQ:AAPL), which lost 5.18% or 8.01 points to trade at 146.50 in late trade. Salesforce.com Inc (NYSE:CRM) declined 3.52% or 5.88 points to end at 161.27 and Microsoft Corporation (NASDAQ:MSFT) shed 3.32% or 8.95 points to 260.55.

The top performers on the S&P 500 were Electronic Arts Inc (NASDAQ:EA) which rose 7.97% to 120.49, Duke Realty Corporation (NYSE:DRE) which was up 7.83% to settle at 53.46 and Philip Morris International Inc (NYSE:PM) which gained 4.79% to close at 103.62.

The worst performers were DISH Network Corporation (NASDAQ:DISH) which was down 19.72% to 17.46 in late trade, Signature Bank (NASDAQ:SBNY) which lost 10.78% to settle at 194.50 and Enphase Energy Inc (NASDAQ:ENPH) which was down 9.30% to 137.55 at the close.

The top performers on the NASDAQ Composite were Regulus Therapeutics Inc (NASDAQ:RGLS) which rose 54.83% to 0.27, Golden Matrix Group Inc (NASDAQ:GMGI) which was up 23.91% to settle at 4.25 and Charge Enterprises Inc (NASDAQ:CRGE) which gained 22.07% to close at 3.65.

The worst performers were View Inc (NASDAQ:VIEW) which was down 62.04% to 0.52 in late trade, Redbox Entertainment Inc (NASDAQ:RDBX) which lost 42.86% to settle at 3.20 and SQL Technologies Corp (NASDAQ:SKYX) which was down 36.99% to 3.73 at the close.

Declining stocks outnumbered rising ones by 2310 to 959 and 113 ended unchanged; on the Nasdaq Stock Exchange, 3176 fell and 776 advanced, while 173 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 1.30% to 32.56.

In commodities trading, Gold Futures for June delivery was up 0.55% or 10.12 to $1,851.12 a troy ounce. Meanwhile, Crude oil for delivery in June rose 5.50% or 5.49 to hit $105.25 a barrel, while the July Brent oil contract rose 4.57% or 4.68 to trade at $107.14 a barrel.

EUR/USD was unchanged 0.15% to 1.05, while USD/JPY fell 0.31% to 130.02.

The US Dollar Index Futures was up 0.11% at 104.06.

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