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U.S. shares lower at close of trade; Dow Jones Industrial Average down 3.03%

Published 2022-08-26, 04:25 p/m
© Reuters U.S. shares lower at close of trade; Dow Jones Industrial Average down 3.03%

Investing.com – U.S. equities were lower at the close on Friday, as losses in the Technology, Consumer Services and Industrials sectors propelled shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 3.03%, while the S&P 500 index declined 3.37%, and the NASDAQ Composite index fell 3.94%.

The biggest gainers of the session on the Dow Jones Industrial Average were Chevron Corp (NYSE:CVX), which fell 0.74% or 1.21 points to trade at 163.41 at the close. Merck & Company Inc (NYSE:MRK) fell 1.12% or 1.01 points to end at 89.26 and Verizon Communications Inc (NYSE:VZ) was down 1.12% or 0.49 points to 43.25 in late trade.

Biggest losers included 3M Company (NYSE:MMM), which lost 9.54% or 13.62 points to trade at 129.14 in late trade. Salesforce.com Inc (NYSE:CRM) declined 4.99% or 8.68 points to end at 165.23 and Intel Corporation (NASDAQ:INTC) shed 4.39% or 1.53 points to 33.36.

The top performers on the S&P 500 were Electronic Arts Inc (NASDAQ:EA) which rose 3.57% to 132.17, Take-Two Interactive Software Inc (NASDAQ:TTWO) which was up 1.59% to settle at 127.47 and CF Industries Holdings Inc (NYSE:CF) which gained 0.81% to close at 118.35.

The worst performers were 3M Company (NYSE:MMM) which was down 9.54% to 129.14 in late trade, NVIDIA Corporation (NASDAQ:NVDA) which lost 9.23% to settle at 162.60 and HP Inc (NYSE:HPQ) which was down 8.94% to 31.39 at the close.

The top performers on the NASDAQ Composite were Minerva Neurosciences Inc (NASDAQ:NERV) which rose 58.19% to 10.33, OLB Group Inc (NASDAQ:OLB) which was up 39.67% to settle at 1.69 and Everbridge Inc (NASDAQ:EVBG) which gained 17.39% to close at 41.99.

The worst performers were Domo Inc (NASDAQ:DOMO) which was down 27.83% to 20.69 in late trade, Athersys Inc (NASDAQ:ATHX) which lost 25.63% to settle at 0.13 and Starbox Group Holdings Ltd (NASDAQ:STBX) which was down 24.96% to 5.32 at the close.

Declining stocks outnumbered rising ones by 2724 to 401 and 143 ended unchanged; on the Nasdaq Stock Exchange, 3113 fell and 627 advanced, while 242 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 17.36% to 25.56 a new 1-month high.

In commodities trading, Gold Futures for December delivery was down 1.22% or 21.55 to $1,749.85 a troy ounce. Meanwhile, Crude oil for delivery in October rose 0.37% or 0.34 to hit $92.86 a barrel, while the October Brent oil contract rose 1.36% or 1.35 to trade at $100.69 a barrel.

EUR/USD was unchanged 0.05% to 1.00, while USD/JPY rose 0.72% to 137.49.

The US Dollar Index Futures was up 0.29% at 108.75.

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