U.S. shares lower at close of trade; Dow Jones Industrial Average down 2.13%

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U.S. shares lower at close of trade; Dow Jones Industrial Average down 2.13%
Credit: © Reuters.

Investing.com – U.S. equities were lower at the close on Friday, as losses in the Utilities , Telecoms and Basic Materials sectors propelled shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 2.13% to hit a new 1-month low, while the S&P 500 index declined 2.45%, and the NASDAQ Composite index declined 2.54%.

The biggest gainers of the session on the Dow Jones Industrial Average were JPMorgan Chase & Co (NYSE: JPM ), which fell 0.91% or 0.61 points to trade at 66.64 at the close. Johnson & Johnson (NYSE: JNJ ) fell 1.08% or 1.29 points to end at 118.18 and Merck & Company Inc (NYSE: MRK ) was down 1.17% or 0.74 points to 62.50 in late trade.

Biggest losers included Verizon Communications Inc (NYSE: VZ ), which lost 3.28% or 1.76 points to trade at 51.84 in late trade. Boeing Company (NYSE: BA ) declined 3.28% or 4.36 points to end at 128.54 and Caterpillar Inc (NYSE: CAT ) shed 3.28% or 2.74 points to 80.80.

The top performers on the S&P 500 were Wynn Resorts Limited (NASDAQ: WYNN ) which rose 2.75% to 98.41, MetLife Inc (NYSE: MET ) which was up 1.06% to settle at 43.93 and M&T Bank Corporation (NYSE: MTB ) which gained 0.78% to close at 117.12.

The worst performers were Diamond Offshore Drilling Inc (NYSE: DO ) which was down 10.11% to 15.64 in late trade, CarMax Inc (NYSE: KMX ) which lost 8.23% to settle at 55.22 and United Rentals Inc (NYSE: URI ) which was down 7.12% to 77.91 at the close.

The top performers on the NASDAQ Composite were Lexicon Pharmaceuticals Inc (NASDAQ: LXRX ) which rose 16.59% to 17.850, Ignite Restaurant Group Inc (NASDAQ: IRG ) which was up 15.79% to settle at 0.880 and Auris Medical Holding AG (NASDAQ: EARS ) which gained 15.19% to close at 1.820.

The worst performers were Glori Energy Technology Inc (NASDAQ: GLRI ) which was down 39.90% to 0.1229 in late trade, Lantheus Holdings Inc (NASDAQ: LNTH ) which lost 21.35% to settle at 7.440 and Marine Petroleum Trust (NASDAQ: MARPS ) which was down 19.59% to 3.120 at the close.

Declining stocks outnumbered rising ones by 3060 to 181 and 35 ended unchanged; on the Nasdaq Stock Exchange, 2193 fell and 352 advanced, while 83 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index , which measures the implied volatility of S&P 500 options, was up 39.09% to 17.40 a new 1-month high.

In commodities trading, Gold for December delivery was down 0.68% or 9.15 to $1332.45 a troy ounce. Meanwhile, Crude oil for delivery in October fell 4.16% or 1.98 to hit $45.64 a barrel, while the November Brent oil contract fell 4.32% or 2.16 to trade at $47.83 a barrel.

EUR/USD was down 0.28% to 1.1227, while USD/JPY rose 0.20% to 102.68.

The US Dollar Index was up 0.33% at 95.35.

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