U.S. shares lower at close of trade; Dow Jones Industrial Average down 0.83%

September 16, 2023 06:25 AM AEST | By Investing
 U.S. shares lower at close of trade; Dow Jones Industrial Average down 0.83%
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Investing.com – U.S. equities were lower at the close on Friday, as losses in the Technology, Consumer Services and Oil&Gas sectors propelled shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 0.83%, while the S&P 500 index lost 1.22%, and the NASDAQ Composite index declined 1.56%.

The biggest gainers of the session on the Dow Jones Industrial Average were Walt Disney Company (NYSE:DIS), which rose 1.30% or 1.10 points to trade at 85.58 at the close. American Express Company (NYSE:AXP) added 1.25% or 2.02 points to end at 163.80 and UnitedHealth Group Incorporated (NYSE:UNH) was up 0.63% or 3.03 points to 486.63 in late trade.

Biggest losers included Home Depot Inc (NYSE:HD), which lost 2.57% or 8.48 points to trade at 321.15 in late trade. Microsoft Corporation (NASDAQ:MSFT) declined 2.50% or 8.48 points to end at 330.22 and McDonald’s Corporation (NYSE:MCD) shed 2.31% or 6.59 points to 278.17.

The top performers on the S&P 500 were Southwest Airlines Company (NYSE:LUV) which rose 2.56% to 29.68, Capital One Financial Corporation (NYSE:COF) which was up 2.17% to settle at 104.48 and Host Hotels&Resorts Inc (NASDAQ:HST) which gained 2.09% to close at 16.60.

The worst performers were Nucor Corp (NYSE:NUE) which was down 6.13% to 155.38 in late trade, KLA Corporation (NASDAQ:KLAC) which lost 5.35% to settle at 454.22 and DexCom Inc (NASDAQ:DXCM) which was down 5.12% to 96.35 at the close.

The top performers on the NASDAQ Composite were MSP Recovery Inc (NASDAQ:LIFW) which rose 237.52% to 0.19, STRATA Skin Sciences Inc (NASDAQ:SSKN) which was up 61.81% to settle at 1.00 and Aerwins Technologies Inc (NASDAQ:AWIN) which gained 49.92% to close at 0.19.

The worst performers were Avalo Therapeutics Inc (NASDAQ:AVTX) which was down 38.37% to 0.13 in late trade, Axcella Health Inc (NASDAQ:AXLA) which lost 38.23% to settle at 0.62 and Athersys Inc (NASDAQ:ATHX) which was down 30.23% to 0.30 at the close.

Declining stocks outnumbered rising ones by 1949 to 966 and 71 ended unchanged; on the Nasdaq Stock Exchange, 2200 fell and 1277 advanced, while 126 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 7.57% to 13.79.

In commodities trading, Gold Futures for December delivery was up 0.60% or 11.55 to $1,944.35 a troy ounce. Meanwhile, Crude oil for delivery in October rose 1.10% or 0.99 to hit $91.15 a barrel, while the November Brent oil contract rose 0.54% or 0.51 to trade at $94.21 a barrel.

EUR/USD was unchanged 0.17% to 1.07, while USD/JPY rose 0.27% to 147.88.

The US Dollar Index Futures was down 0.04% at 105.01.

This article first appeared in Investing.com


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