U.S. shares lower at close of trade; Dow Jones Industrial Average down 1.05%

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

At the close in NYSE, the Dow Jones Industrial Average fell 1.05%, while the S&P 500 index declined 1.63%, and the NASDAQ Composite index lost 2.47%.

The biggest gainers of the session on the Dow Jones Industrial Average were Caterpillar Inc (NYSE: CAT ), which rose 1.32% or 2.90 points to trade at 222.90 at the close. Chevron Corp (NYSE: CVX ) added 0.91% or 1.60 points to end at 177.60 and International Business Machines (NYSE: IBM ) was up 0.73% or 1.03 points to 141.18 in late trade.

Biggest losers included Apple Inc (NASDAQ: AAPL ), which lost 3.86% or 5.83 points to trade at 145.38 in late trade. Intel Corporation (NASDAQ: INTC ) declined 3.23% or 1.45 points to end at 43.39 and The Travelers Companies Inc (NYSE: TRV ) shed 2.17% or 3.87 points to 174.19.

The top performers on the S&P 500 were Quanta Services Inc (NYSE: PWR ) which rose 3.65% to 129.12, Northrop Grumman Corporation (NYSE: NOC ) which was up 3.35% to settle at 478.37 and Alaska Air Group Inc (NYSE: ALK ) which gained 3.14% to close at 48.88.

The worst performers were Tesla Inc (NASDAQ: TSLA ) which was down 9.22% to 703.55 in late trade, Etsy Inc (NASDAQ: ETSY ) which lost 7.23% to settle at 80.98 and Micron Technology Inc (NASDAQ: MU ) which was down 7.20% to 69.94 at the close.

The top performers on the NASDAQ Composite were Turning Point Therapeutics Inc (NASDAQ: TPTX ) which rose 118.35% to 74.59, Energy Focu (NASDAQ: EFOI ) which was up 48.65% to settle at 1.65 and Galecto Inc (NASDAQ: GLTO ) which gained 35.17% to close at 1.96.

The worst performers were Bit Origin Ltd (NASDAQ: BTOG ) which was down 44.43% to 0.48 in late trade, TC BioPharm Holdings PLC (NASDAQ: TCBP ) which lost 36.07% to settle at 0.38 and Rallybio Corp (NASDAQ: RLYB ) which was down 30.01% to 9.26 at the close.

Declining stocks outnumbered rising ones by 2267 to 893 and 121 ended unchanged; on the Nasdaq Stock Exchange, 2341 fell and 1456 advanced, while 235 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index , which measures the implied volatility of S&P 500 options, was up 0.28% to 24.79.

In commodities trading, Gold Futures for August delivery was down 0.95% or 17.85 to $1,853.55 a troy ounce. Meanwhile, Crude oil for delivery in July rose 2.92% or 3.41 to hit $120.28 a barrel, while the August Brent oil contract rose 3.12% or 3.67 to trade at $121.28 a barrel.

EUR/USD was unchanged 0.23% to 1.07, while USD/JPY rose 0.77% to 130.82.

The US Dollar Index Futures was up 0.33% at 102.17.