U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.43%
2022.07.22 23:53
U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.43%
Investing.com – U.S. stocks were lower after the close on Friday, as losses in the Telecoms, Technology and Basic Materials sectors led shares lower.
At the close in NYSE, the Dow Jones Industrial Average declined 0.43%, while the S&P 500 index fell 0.93%, and the NASDAQ Composite index lost 1.87%.
The best performers of the session on the Dow Jones Industrial Average were American Express Company (NYSE:AXP), which rose 1.88% or 2.83 points to trade at 153.01 at the close. Meanwhile, Procter & Gamble Company (NYSE:PG) added 1.60% or 2.25 points to end at 143.02 and International Business Machines (NYSE:IBM) was up 0.87% or 1.10 points to 128.25 in late trade.
The worst performers of the session were Verizon Communications Inc (NYSE:VZ), which fell 6.74% or 3.21 points to trade at 44.45 at the close. Intel Corporation (NASDAQ:INTC) declined 3.47% or 1.41 points to end at 39.20 and Nike Inc (NYSE:NKE) was down 2.24% or 2.50 points to 109.12.
The top performers on the S&P 500 were HCA Holdings Inc (NYSE:HCA) which rose 11.43% to 202.03, Schlumberger NV (NYSE:SLB) which was up 4.28% to settle at 35.07 and PPG Industries Inc (NYSE:PPG) which gained 3.89% to close at 127.73.
The worst performers were SVB Financial Group (NASDAQ:SIVB) which was down 17.15% to 361.36 in late trade, Seagate Technology PLC (NASDAQ:STX) which lost 8.11% to settle at 76.83 and Meta Platforms Inc (NASDAQ:META) which was down 7.59% to 169.27 at the close.
The top performers on the NASDAQ Composite were Pagaya (NASDAQ:PGY) which rose 118.88% to 11.71, Kidpik Corp (NASDAQ:PIK) which was up 66.44% to settle at 2.48 and Yoshitsu Co Ltd ADR (NASDAQ:TKLF) which gained 48.39% to close at 2.30.
The worst performers were VistaGen Therapeutics Inc (NASDAQ:VTGN) which was down 85.99% to 0.15 in late trade, Meihua International Medical Technologies Co Ltd (NASDAQ:MHUA) which lost 40.62% to settle at 2.88 and Kiora Pharmaceuticals Inc (NASDAQ:KPRX) which was down 39.76% to 0.15 at the close.
Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1950 to 1167 and 139 ended unchanged; on the Nasdaq Stock Exchange, 2755 fell and 1016 advanced, while 182 ended unchanged.
Shares in SVB Financial Group (NASDAQ:SIVB) fell to 52-week lows; losing 17.15% or 74.81 to 361.36. Shares in Verizon Communications Inc (NYSE:VZ) fell to 3-years lows; losing 6.74% or 3.21 to 44.45. Shares in Pagaya (NASDAQ:PGY) rose to all time highs; up 118.88% or 6.36 to 11.71. Shares in VistaGen Therapeutics Inc (NASDAQ:VTGN) fell to all time lows; falling 85.99% or 0.92 to 0.15. Shares in Meihua International Medical Technologies Co Ltd (NASDAQ:MHUA) fell to all time lows; losing 40.62% or 1.97 to 2.88. Shares in Kiora Pharmaceuticals Inc (NASDAQ:KPRX) fell to all time lows; down 39.76% or 0.10 to 0.15.
The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 0.35% to 23.03 a new 3-months low.
Gold Futures for August delivery was up 0.54% or 9.20 to $1,722.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 1.72% or 1.66 to hit $94.69 a barrel, while the September Brent oil contract fell 0.58% or 0.60 to trade at $103.26 a barrel.
EUR/USD was unchanged 0.18% to 1.02, while USD/JPY fell 0.95% to 136.07.
The US Dollar Index Futures was down 0.33% at 106.46.
