Investing.com – U.S. equities were lower at the close on Thursday, as losses in the Financials, Basic Materials and Consumer Services sectors propelled shares lower.
At the close in NYSE, the Dow Jones Industrial Average fell 1.66% to hit a new 3-month low, while the S&P 500 index fell 1.85%, and the NASDAQ Composite index fell 2.05%.
The biggest gainers of the session on the Dow Jones Industrial Average were Intel Corporation (NASDAQ:INTC), which rose 1.77% or 0.46 points to trade at 26.44 at the close. Microsoft Corporation (NASDAQ:MSFT) fell 0.54% or 1.38 points to end at 252.32 and Cisco Systems Inc (NASDAQ:CSCO) was down 0.61% or 0.30 points to 48.81 in late trade.
Biggest losers included JPMorgan Chase & Co (NYSE:JPM), which lost 5.41% or 7.46 points to trade at 130.34 in late trade. Walgreens Boots Alliance Inc (NASDAQ:WBA) declined 3.45% or 1.19 points to end at 33.29 and Walt Disney Company (NYSE:DIS) shed 3.18% or 3.16 points to 96.14.
The top performers on the S&P 500 were General Electric Company (NYSE:GE) which rose 5.27% to 91.56, Phillips 66 (NYSE:PSX) which was up 1.84% to settle at 101.14 and Intel Corporation (NASDAQ:INTC) which gained 1.77% to close at 26.44.
The worst performers were SVB Financial Group (NASDAQ:SIVB) which was down 60.41% to 106.04 in late trade, First Republic Bank (NYSE:FRC) which lost 16.51% to settle at 96.01 and Charles Schwab Corp (NYSE:SCHW) which was down 12.77% to 66.47 at the close.
The top performers on the NASDAQ Composite were Ocean Biomedical Inc (NASDAQ:OCEA) which rose 125.16% to 10.56, Intuitive Machines Inc (NASDAQ:LUNR) which was up 57.80% to settle at 16.19 and Neoleukin Therapeutics (NASDAQ:NLTX) which gained 35.80% to close at 0.72.
The worst performers were Loyalty Ventures Inc (NASDAQ:LYLT) which was down 63.48% to 0.58 in late trade, SVB Financial Group (NASDAQ:SIVB) which lost 60.41% to settle at 106.04 and InVivo Therapeutics Holdings Corp (NASDAQ:NVIV) which was down 46.48% to 1.14 at the close.
Declining stocks outnumbered rising ones by 2636 to 453 and 62 ended unchanged; on the Nasdaq Stock Exchange, 2966 fell and 687 advanced, while 155 ended unchanged on the New York Stock Exchange.
The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 18.37% to 22.62.
In commodities trading, Gold Futures for April delivery was up 0.92% or 16.75 to $1,835.35 a troy ounce. Meanwhile, Crude oil for delivery in April fell 1.47% or 1.13 to hit $75.53 a barrel, while the May Brent oil contract fell 1.43% or 1.18 to trade at $81.48 a barrel.
EUR/USD was unchanged 0.30% to 1.06, while USD/JPY fell 0.91% to 136.10.
The US Dollar Index Futures was down 0.34% at 105.28.