U.S. shares lower at close of trade; Dow Jones Industrial Average down 2.93%

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U.S. shares lower at close of trade; Dow Jones Industrial Average down 2.93%
Credit: © Reuters.

Investing.com – U.S. equities were lower at the close on Thursday, as losses in the Industrials , Basic Materials and Financials sectors propelled shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 2.93% to hit a new 1-month low, while the S&P 500 index lost 2.52%, and the NASDAQ Composite index lost 2.43%.

The biggest gainers of the session on the Dow Jones Industrial Average were Coca-Cola Company (NYSE: KO ), which fell 0.56% or 0.24 points to trade at 42.76 at the close. Procter & Gamble Company (NYSE: PG ) fell 0.82% or 0.63 points to end at 76.41 and Verizon Communications Inc (NYSE: VZ ) was down 0.85% or 0.40 points to 46.88 in late trade.

Biggest losers included Caterpillar Inc (NYSE: CAT ), which lost 5.71% or 8.90 points to trade at 146.90 in late trade. Boeing Co (NYSE: BA ) declined 5.19% or 17.49 points to end at 319.61 and 3M Company (NYSE: MMM ) shed 4.69% or 10.97 points to 223.17.

The top performers on the S&P 500 were Pacific Gas & Electric Co (NYSE: PCG ) which rose 2.72% to 44.13, Ventas Inc (NYSE: VTR ) which was up 1.77% to settle at 49.32 and Edison International (NYSE: EIX ) which gained 1.60% to close at 62.92.

The worst performers were AbbVie Inc (NYSE: ABBV ) which was down 12.76% to 98.100 in late trade, Acuity Brands Inc (NYSE: AYI ) which lost 8.42% to settle at 134.66 and Darden Restaurants Inc (NYSE: DRI ) which was down 7.90% to 85.94 at the close.

The top performers on the NASDAQ Composite were Odyssey Marine Exploration Inc (NASDAQ: OMEX ) which rose 119.00% to 8.3000, National American University (NASDAQ: NAUH ) which was up 50.63% to settle at 1.190 and Omeros Corporation (NASDAQ: OMER ) which gained 35.31% to close at 15.75.

The worst performers were EV Energy Partners LP (NASDAQ: EVEP ) which was down 26.09% to 0.170 in late trade, Century Aluminum Company (NASDAQ: CENX ) which lost 17.84% to settle at 16.76 and China Auto Logistics Inc (NASDAQ: CALI ) which was down 17.11% to 4.410 at the close.

Declining stocks outnumbered rising ones by 2513 to 598 and 92 ended unchanged; on the Nasdaq Stock Exchange, 2047 fell and 506 advanced, while 105 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index , which measures the implied volatility of S&P 500 options, was up 30.74% to 23.35 a new 1-month high.

In commodities trading, Gold Futures for April delivery was up 0.57% or 7.50 to $1329.00 a troy ounce. Meanwhile, Crude oil for delivery in May fell 1.38% or 0.90 to hit $64.27 a barrel, while the May Brent oil contract fell 0.81% or 0.56 to trade at $68.91 a barrel.

EUR/USD was down 0.24% to 1.2309, while USD/JPY fell 0.64% to 105.37.

The US Dollar Index Futures was up 0.18% at 89.44.

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