U.S. shares lower at close of trade; Dow Jones Industrial Average down 0.58%

Investing.com – U.S. equities were lower at the close on Wednesday, as losses in the Telecoms , Consumer Services and Financials sectors propelled shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 0.58%, while the S&P 500 index lost 0.66%, and the NASDAQ Composite index fell 0.80%.

The biggest gainers of the session on the Dow Jones Industrial Average were Dow Inc (NYSE: DOW ), which rose 1.98% or 0.95 points to trade at 48.83 at the close. Honeywell International Inc (NYSE: HON ) added 1.12% or 1.92 points to end at 173.47 and 3M Company (NYSE: MMM ) was up 1.06% or 1.77 points to 168.40 in late trade.

Biggest losers included UnitedHealth Group Incorporated (NYSE: UNH ), which lost 2.89% or 9.57 points to trade at 321.85 in late trade. Salesforce.com Inc (NYSE: CRM ) declined 1.87% or 5.00 points to end at 261.83 and Walt Disney Company (NYSE: DIS ) shed 1.84% or 2.37 points to 126.59.

The top performers on the S&P 500 were Concho Resources Inc (NYSE: CXO ) which rose 10.24% to 48.66, Cimarex Energy Co (NYSE: XEC ) which was up 4.92% to settle at 25.60 and Alliance Data Systems Corp (NYSE: ADS ) which gained 4.31% to close at 52.22.

The worst performers were Wells Fargo & Company (NYSE: WFC ) which was down 6.02% to 23.25 in late trade, Bank of America Corp (NYSE: BAC ) which lost 5.33% to settle at 23.62 and Illumina Inc (NASDAQ: ILMN ) which was down 4.35% to 330.12 at the close.

The top performers on the NASDAQ Composite were Kaixin Auto Holdings (NASDAQ: KXIN ) which rose 266.67% to 1.980, Medalist Diversified Reit Inc (NASDAQ: MDRR ) which was up 144.64% to settle at 2.85 and Replimune Group Inc (NASDAQ: REPL ) which gained 46.82% to close at 36.25.

The worst performers were Cyclerion Therapeutics Inc (NASDAQ: CYCN ) which was down 52.95% to 3.35 in late trade, Liquidia Technologies Inc (NASDAQ: LQDA ) which lost 18.14% to settle at 3.34 and Sorrento Therape (NASDAQ: SRNE ) which was down 15.48% to 10.10 at the close.

Declining stocks outnumbered rising ones by 1857 to 1235 and 86 ended unchanged; on the Nasdaq Stock Exchange, 1943 fell and 926 advanced, while 87 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index , which measures the implied volatility of S&P 500 options, was up 1.27% to 26.40.

In commodities trading, Gold Futures for December delivery was up 0.58% or 11.00 to $1905.60 a troy ounce. Meanwhile, Crude oil for delivery in November rose 2.34% or 0.94 to hit $41.14 a barrel, while the December Brent oil contract rose 0.14% or 0.06 to trade at $43.44 a barrel.

EUR/USD was up 0.03% to 1.1749, while USD/JPY fell 0.02% to 105.13.

The US Dollar Index Futures was down 0.13% at 93.418.