U.S. stocks lower at close of trade; Dow Jones Industrial Average down 4.55%
Investing.com
Published Mar 20, 2020 05:25PM ET
U.S. stocks lower at close of trade; Dow Jones Industrial Average down 4.55%
Investing.com – U.S. stocks were lower after the close on Friday, as losses in the Utilities, Telecoms and Consumer Goods sectors led shares lower.
At the close in NYSE, the Dow Jones Industrial Average declined 4.55% to hit a new 3-years low, while the S&P 500 index lost 4.34%, and the NASDAQ Composite index declined 3.79%.
The best performers of the session on the Dow Jones Industrial Average were The Travelers Companies Inc (NYSE:TRV), which rose 4.00% or 3.44 points to trade at 89.51 at the close. Meanwhile, Chevron Corp (NYSE:CVX) added 3.48% or 2.00 points to end at 59.39 and Merck & Company Inc (NYSE:MRK) was up 0.89% or 0.63 points to 71.36 in late trade.
The worst performers of the session were Walt Disney Company (NYSE:DIS), which fell 9.43% or 8.95 points to trade at 85.98 at the close. 3M Company (NYSE:MMM) declined 9.18% or 12.62 points to end at 124.89 and Coca-Cola Company (NYSE:KO) was down 8.44% or 3.53 points to 38.30.
The top performers on the S&P 500 were Carnival Corporation (NYSE:CCL) which rose 20.00% to 12.00, MGM Resorts International (NYSE:MGM) which was up 18.31% to settle at 9.11 and Mosaic Co (NYSE:MOS) which gained 16.67% to close at 9.59.
The worst performers were FLIR Systems Inc (NASDAQ:FLIR) which was down 18.73% to 25.52 in late trade, WEC Energy Group Inc (NYSE:WEC) which lost 18.05% to settle at 74.09 and Arconic Inc (NYSE:ARNC) which was down 16.40% to 13.25 at the close.
The top performers on the NASDAQ Composite were Bellerophon Therapeutics Inc (NASDAQ:BLPH) which rose 430.97% to 18.0000, Frontier Communications Corp (NASDAQ:FTR) which was up 278.95% to settle at 0.9000 and Fiesta Restaurant Group Inc (NASDAQ:FRGI) which gained 214.90% to close at 10.99.
The worst performers were Sabre Corpo (NASDAQ:SABR) which was down 13.35% to 3.31 in late trade, Biomerica Inc (NASDAQ:BMRA) which lost 55.31% to settle at 7.150 and Waitr Holdings Inc (NASDAQ:WTRH) which was down 53.08% to 1.2200 at the close.
Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1663 to 1251 and 35 ended unchanged; on the Nasdaq Stock Exchange, 1649 fell and 1056 advanced, while 35 ended unchanged.
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Shares in FLIR Systems Inc (NASDAQ:FLIR) fell to 5-year lows; falling 18.73% or 5.88 to 25.52. Shares in WEC Energy Group Inc (NYSE:WEC) fell to 52-week lows; falling 18.05% or 16.32 to 74.09. Shares in Arconic Inc (NYSE:ARNC) fell to all time lows; losing 16.40% or 2.60 to 13.25. Shares in Walt Disney Company (NYSE:DIS) fell to 5-year lows; falling 9.43% or 8.95 to 85.98. Shares in 3M Company (NYSE:MMM) fell to 5-year lows; losing 9.18% or 12.62 to 124.89. Shares in Coca-Cola Company (NYSE:KO) fell to 3-years lows; falling 8.44% or 3.53 to 38.30. Shares in Bellerophon Therapeutics Inc (NASDAQ:BLPH) rose to 52-week highs; up 430.97% or 14.6100 to 18.0000. Shares in Sabre Corpo (NASDAQ:SABR) fell to all time lows; falling 13.35% or 0.51 to 3.31.
The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 8.28% to 66.04.
Gold Futures for April delivery was up 1.48% or 21.85 to $1501.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 8.68% or 2.25 to hit $23.66 a barrel, while the May Brent oil contract fell 3.83% or 1.09 to trade at $27.38 a barrel.
EUR/USD was up 0.05% to 1.0695, while USD/JPY rose 0.11% to 110.81.
The US Dollar Index Futures was down 0.40% at 103.188.
Written By: Investing.com
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