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U.S. shares lower at close of trade; Dow Jones Industrial Average down 1.77%

Published 2019-03-22, 04:25 p/m
© Reuters.  U.S. shares lower at close of trade; Dow Jones Industrial Average down 1.77%
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Investing.com – U.S. equities were lower at the close on Friday, as losses in the Basic Materials, Oil & Gas and Technology sectors propelled shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 1.77%, while the S&P 500 index lost 1.90%, and the NASDAQ Composite index fell 2.50%.

The biggest gainers of the session on the Dow Jones Industrial Average were Verizon Communications Inc (NYSE:VZ), which rose 2.52% or 1.47 points to trade at 59.76 at the close. Coca-Cola Company (NYSE:KO) added 0.92% or 0.42 points to end at 45.93 and The Travelers Companies Inc (NYSE:TRV) was up 0.39% or 0.53 points to 134.90 in late trade.

Biggest losers included Nike Inc (NYSE:NKE), which lost 6.61% or 5.82 points to trade at 82.19 in late trade. DowDuPont Inc (NYSE:DWDP) declined 3.58% or 2.00 points to end at 53.92 and Caterpillar Inc (NYSE:CAT) shed 3.20% or 4.29 points to 129.77.

The top performers on the S&P 500 were Tiffany & Co (NYSE:TIF) which rose 3.15% to 103.21, Verizon Communications Inc (NYSE:VZ) which was up 2.52% to settle at 59.76 and ConAgra Foods Inc (NYSE:CAG) which gained 2.44% to close at 26.45.

The worst performers were Brighthouse Financial Inc (NASDAQ:BHF) which was down 6.84% to 35.54 in late trade, United Rentals Inc (NYSE:URI) which lost 6.80% to settle at 110.96 and Nike Inc (NYSE:NKE) which was down 6.61% to 82.19 at the close.

The top performers on the NASDAQ Composite were Sunesis Pharmaceuticals Inc (NASDAQ:SNSS) which rose 30.21% to 1.2500, DarioHealth Corp (NASDAQ:DRIO) which was up 25.52% to settle at 0.816 and Hibbett Sports Inc (NASDAQ:HIBB) which gained 20.29% to close at 21.70.

The worst performers were Conatus Pharmaceuticals Inc (NASDAQ:CNAT) which was down 56.01% to 1.280 in late trade, Dragon Victory International Ltd (NASDAQ:LYL) which lost 23.32% to settle at 1.48 and Lexicon Pharmaceuticals Inc (NASDAQ:LXRX) which was down 21.91% to 6.200 at the close.

Declining stocks outnumbered rising ones by 2438 to 592 and 68 ended unchanged; on the Nasdaq Stock Exchange, 2243 fell and 419 advanced, while 57 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 20.91% to 16.48.

In commodities trading, Gold Futures for April delivery was up 0.46% or 5.95 to $1313.25 a troy ounce. Meanwhile, Crude oil for delivery in May fell 1.90% or 1.14 to hit $58.84 a barrel, while the May Brent oil contract fell 1.43% or 0.97 to trade at $66.89 a barrel.

EUR/USD was down 0.65% to 1.1300, while USD/JPY fell 0.76% to 109.96.

The US Dollar Index Futures was up 0.13% at 96.115.

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