U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.77%
Investing.com
Published May 24, 2023 04:25PM ET
U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.77%
Investing.com – U.S. stocks were lower after the close on Wednesday, as losses in the Financials, Basic Materials and Industrials sectors led shares lower.
At the close in NYSE, the Dow Jones Industrial Average declined 0.77% to hit a new 1-month low, while the S&P 500 index fell 0.73%, and the NASDAQ Composite index fell 0.61%.
The best performers of the session on the Dow Jones Industrial Average were Salesforce Inc (NYSE:CRM), which rose 1.17% or 2.42 points to trade at 209.06 at the close. Meanwhile, Merck & Company Inc (NYSE:MRK) added 0.31% or 0.35 points to end at 113.62 and UnitedHealth Group Incorporated (NYSE:UNH) was up 0.28% or 1.33 points to 480.77 in late trade.
The worst performers of the session were 3M Company (NYSE:MMM), which fell 3.67% or 3.70 points to trade at 97.00 at the close. Walgreens Boots Alliance Inc (NASDAQ:WBA) declined 2.56% or 0.81 points to end at 30.79 and International Business Machines (NYSE:IBM) was down 1.95% or 2.50 points to 125.68.
The top performers on the S&P 500 were Illumina Inc (NASDAQ:ILMN) which rose 4.05% to 212.65, Corning Incorporated (NYSE:GLW) which was up 2.50% to settle at 31.54 and Netflix Inc (NASDAQ:NFLX) which gained 2.49% to close at 364.85.
The worst performers were Signature Bank (OTC:SBNY) which was down 11.05% to 0.12 in late trade, First Republic Bank (OTC:FRCB) which lost 10.67% to settle at 0.31 and Analog Devices Inc (NASDAQ:ADI) which was down 7.83% to 173.20 at the close.
The top performers on the NASDAQ Composite were Minority Equality Opportunities Acquisition Inc (NASDAQ:MEOA) which rose 140.18% to 26.54, QuantaSing Group Ltd ADR (NASDAQ:QSG) which was up 130.30% to settle at 19.00 and Minerva Surgical Inc (NASDAQ:UTRS) which gained 83.01% to close at 0.33.
The worst performers were QualTek Services Inc (NASDAQ:QTEK) which was down 38.70% to 0.11 in late trade, BIOLASE Inc (NASDAQ:BIOL) which lost 39.91% to settle at 0.08 and Jupiter Wellness Acquisition Corp (NASDAQ:JWAC) which was down 37.77% to 4.58 at the close.
Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2292 to 665 and 82 ended unchanged; on the Nasdaq Stock Exchange, 2445 fell and 1146 advanced, while 134 ended unchanged.
Shares in First Republic Bank (OTC:FRCB) fell to all time lows; down 10.67% or 0.04 to 0.31. Shares in 3M Company (NYSE:MMM) fell to 5-year lows; losing 3.67% or 3.70 to 97.00. Shares in Minority Equality Opportunities Acquisition Inc (NASDAQ:MEOA) rose to all time highs; gaining 140.18% or 15.49 to 26.54. Shares in QualTek Services Inc (NASDAQ:QTEK) fell to all time lows; falling 38.70% or 0.07 to 0.11. Shares in QuantaSing Group Ltd ADR (NASDAQ:QSG) rose to all time highs; up 130.30% or 10.75 to 19.00. Shares in BIOLASE Inc (NASDAQ:BIOL) fell to all time lows; falling 39.91% or 0.06 to 0.08.
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The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 8.09% to 20.03.
Gold Futures for June delivery was down 0.70% or 13.85 to $1,960.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 1.39% or 1.01 to hit $73.92 a barrel, while the July Brent oil contract rose 1.55% or 1.19 to trade at $78.03 a barrel.
EUR/USD was unchanged 0.15% to 1.08, while USD/JPY rose 0.57% to 139.38.
The US Dollar Index Futures was up 0.39% at 103.79.
Written By: Investing.com
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