U.S. shares lower at close of trade; Dow Jones Industrial Average down 2.78%

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U.S. shares lower at close of trade; Dow Jones Industrial Average down 2.78%
Credit: © Reuters.

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

At the close in NYSE, the Dow Jones Industrial Average lost 2.78%, while the S&P 500 index fell 3.51%, and the NASDAQ Composite index lost 4.96%.

The biggest gainers of the session on the Dow Jones Industrial Average were Verizon Communications Inc (NYSE: VZ ), which rose 0.13% or 0.08 points to trade at 60.61 at the close. American Express Company (NYSE: AXP ) added 0.06% or 0.06 points to end at 104.46 and Walgreens Boots Alliance Inc (NASDAQ: WBA ) was down 0.22% or 0.08 points to 37.09 in late trade.

Biggest losers included Apple Inc (NASDAQ: AAPL ), which lost 8.01% or 10.52 points to trade at 120.88 in late trade. Microsoft Corporation (NASDAQ: MSFT ) declined 6.19% or 14.35 points to end at 217.30 and Home Depot Inc (NYSE: HD ) shed 4.38% or 12.57 points to 274.63.

The top performers on the S&P 500 were Macy’s Inc (NYSE: M ) which rose 7.94% to 7.61, Carnival Corporation (NYSE: CCL ) which was up 5.21% to settle at 17.58 and Invesco Plc (NYSE: IVZ ) which gained 4.80% to close at 11.14.

The worst performers were Qorvo Inc (NASDAQ: QRVO ) which was down 9.82% to 121.44 in late trade, NVIDIA Corporation (NASDAQ: NVDA ) which lost 9.28% to settle at 520.62 and Fortinet Inc (NASDAQ: FTNT ) which was down 8.97% to 120.70 at the close.

The top performers on the NASDAQ Composite were Shiloh Industries Inc (NASDAQ: SHLO ) which rose 99.93% to 0.59, Ikonics Corporation (NASDAQ: IKNX ) which was up 24.14% to settle at 3.96 and Ocugen, Inc (NASDAQ: OCGN ) which gained 23.92% to close at 0.3829.

The worst performers were Akebia Ther (NASDAQ: AKBA ) which was down 73.50% to 2.65 in late trade, Supercom Lt (NASDAQ: SPCB ) which lost 21.52% to settle at 0.9261 and Addex Therapeutics Ltd (NASDAQ: ADXN ) which was down 20.75% to 11.65 at the close.

Declining stocks outnumbered rising ones by 2458 to 602 and 83 ended unchanged; on the Nasdaq Stock Exchange, 2316 fell and 540 advanced, while 61 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index , which measures the implied volatility of S&P 500 options, was up 26.46% to 33.60 a new 1-month high.

In commodities trading, Gold Futures for December delivery was down 0.36% or 7.00 to $1937.70 a troy ounce. Meanwhile, Crude oil for delivery in October fell 0.55% or 0.23 to hit $41.28 a barrel, while the November Brent oil contract unchanged 0.00% or 0.00 to trade at $44.00 a barrel.

EUR/USD was up 0.02% to 1.1851, while USD/JPY fell 0.00% to 106.17.

The US Dollar Index Futures was down 0.07% at 92.770.

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