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U.S. shares lower at close of trade; Dow Jones Industrial Average down 1.10%

Published 2022-12-28, 04:25 p/m
© Reuters.  U.S. shares lower at close of trade; Dow Jones Industrial Average down 1.10%

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 fell 1.10%, while the S&P 500 index fell 1.20%, and the NASDAQ Composite index lost 1.35%.

The biggest gainers of the session on the Dow Jones Industrial Average were JPMorgan Chase & Co (NYSE:JPM), which rose 0.55% or 0.72 points to trade at 132.46 at the close. Goldman Sachs Group Inc (NYSE:GS) fell 0.32% or 1.10 points to end at 340.87 and Johnson & Johnson (NYSE:JNJ) was down 0.43% or 0.77 points to 176.66 in late trade.

Biggest losers included Apple Inc (NASDAQ:AAPL), which lost 3.07% or 3.99 points to trade at 126.04 in late trade. Walt Disney Company (NYSE:DIS) declined 2.55% or 2.20 points to end at 84.17 and Dow Inc (NYSE:DOW) shed 2.34% or 1.20 points to 49.99.

The top performers on the S&P 500 were Generac Holdings Inc (NYSE:GNRC) which rose 5.58% to 96.24, Tesla Inc (NASDAQ:TSLA) which was up 3.31% to settle at 112.71 and Illumina Inc (NASDAQ:ILMN) which gained 1.08% to close at 190.81.

The worst performers were SolarEdge Technologies Inc (NASDAQ:SEDG) which was down 5.87% to 275.84 in late trade, APA Corporation (NASDAQ:APA) which lost 5.16% to settle at 45.18 and Southwest Airlines Company (NYSE:LUV) which was down 5.16% to 32.19 at the close.

The top performers on the NASDAQ Composite were Kala Pharmaceuticals Inc (NASDAQ:KALA) which rose 218.37% to 12.48, Minerva Surgical Inc (NASDAQ:UTRS) which was up 66.15% to settle at 0.27 and Transcode Therapeutics Inc (NASDAQ:RNAZ) which gained 51.82% to close at 0.61.

The worst performers were Minerva Neurosciences Inc (NASDAQ:NERV) which was down 39.15% to 1.43 in late trade, Model Performance Acquisition Corp (NASDAQ:MPAC) which lost 35.54% to settle at 8.78 and Lightjump Acquisition Corp (NASDAQ:LJAQ) which was down 37.11% to 11.95 at the close.

Declining stocks outnumbered rising ones by 2421 to 723 and 60 ended unchanged; on the Nasdaq Stock Exchange, 2418 fell and 1341 advanced, while 157 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 2.26% to 22.14.

In commodities trading, Gold Futures for February delivery was down 0.59% or 10.70 to $1,812.40 a troy ounce. Meanwhile, Crude oil for delivery in February fell 1.08% or 0.86 to hit $78.67 a barrel, while the March Brent oil contract fell 1.20% or 1.02 to trade at $83.66 a barrel.

EUR/USD was unchanged 0.24% to 1.06, while USD/JPY rose 0.72% to 134.45.

The US Dollar Index Futures was up 0.34% at 104.24.

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