U.S. shares lower at close of trade; Dow Jones Industrial Average down 2.73%

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U.S. shares lower at close of trade; Dow Jones Industrial Average down 2.73%
Credit: © Reuters.

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

At the close in NYSE, the Dow Jones Industrial Average fell 2.73%, while the S&P 500 index lost 2.91%, and the NASDAQ Composite index fell 3.52%.

The biggest gainers of the session on the Dow Jones Industrial Average were Walmart Inc (NYSE: WMT ), which rose 0.56% or 0.68 points to trade at 121.70 at the close. Verizon Communications Inc (NYSE: VZ ) fell 0.24% or 0.12 points to end at 50.82 and Procter & Gamble Company (NYSE: PG ) was down 0.38% or 0.54 points to 141.95 in late trade.

Biggest losers included Dow Inc (NYSE: DOW ), which lost 6.06% or 3.99 points to trade at 61.87 in late trade. Goldman Sachs Group Inc (NYSE: GS ) declined 5.65% or 17.20 points to end at 287.02 and Boeing Co (NYSE: BA ) shed 5.03% or 6.73 points to 127.00.

The top performers on the S&P 500 were Newmont Goldcorp Corp (NYSE: NEM ) which rose 3.52% to 66.85, Cardinal Health Inc (NYSE: CAH ) which was up 2.12% to settle at 53.46 and Hershey Co (NYSE: HSY ) which gained 1.86% to close at 213.35.

The worst performers were Caesars Entertainment Corporation (NASDAQ: CZR ) which was down 9.29% to 45.50 in late trade, Illumina Inc (NASDAQ: ILMN ) which lost 9.03% to settle at 204.19 and Etsy Inc (NASDAQ: ETSY ) which was down 8.70% to 75.84 at the close.

The top performers on the NASDAQ Composite were RISE Education Cayman Ltd (NASDAQ: REDU ) which rose 138.46% to 3.41, Singing Machine Company Inc (NASDAQ: MICS ) which was up 60.38% to settle at 6.72 and Cogent Biosciences Inc (NASDAQ: COGT ) which gained 58.67% to close at 7.87.

The worst performers were ABVC Biopharma Inc (NASDAQ: ABVC ) which was down 47.37% to 0.90 in late trade, Fulcrum Therapeutics Inc (NASDAQ: FULC ) which lost 39.18% to settle at 4.92 and Axcella Health Inc (NASDAQ: AXLA ) which was down 27.01% to 2.00 at the close.

Declining stocks outnumbered rising ones by 2672 to 517 and 99 ended unchanged; on the Nasdaq Stock Exchange, 3052 fell and 785 advanced, while 165 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index , which measures the implied volatility of S&P 500 options, was up 6.36% to 27.75.

In commodities trading, Gold Futures for August delivery was up 1.23% or 22.75 to $1,875.55 a troy ounce. Meanwhile, Crude oil for delivery in July fell 0.78% or 0.95 to hit $120.56 a barrel, while the August Brent oil contract fell 0.93% or 1.14 to trade at $121.93 a barrel.

EUR/USD was down 0.91% to 1.05, while USD/JPY rose 0.09% to 134.45.

The US Dollar Index Futures was up 0.96% at 104.21.

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