U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.52%

2022.07.12 09:46

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.52%

Budrigannews.com – U.S. stocks were lower after the close on Monday, as losses in the Technology, Consumer Goods and Consumer Services sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 0.52%, while the S&P 500 index fell 1.15%, and the NASDAQ Composite index fell 2.26%.

The best performers of the session on the Dow Jones Industrial Average were Merck & Company Inc (NYSE:MRK), which rose 1.64% or 1.52 points to trade at 94.30 at the close. Meanwhile, Visa Inc Class A (NYSE:V) added 0.73% or 1.49 points to end at 205.06 and Procter & Gamble Company (NYSE:PG) was up 0.70% or 1.02 points to 146.04 in late trade.

The worst performers of the session were Nike Inc (NYSE:NKE), which fell 2.61% or 2.82 points to trade at 105.11 at the close. Walt Disney Company (NYSE:DIS) declined 2.32% or 2.22 points to end at 93.64 and Caterpillar Inc (NYSE:CAT) was down 2.28% or 4.08 points to 175.02.

The top performers on the S&P 500 were Cboe Global Markets Inc (NYSE:CBOE) which rose 2.26% to 121.19, Martin Marietta Materials Inc (NYSE:MLM) which was up 2.00% to settle at 313.58 and Duke Energy Corporation (NYSE:DUK) which gained 1.94% to close at 107.96.

The worst performers were Twitter Inc (NYSE:TWTR) which was down 11.25% to 32.67 in late trade, DISH Network Corporation (NASDAQ:DISH) which lost 6.92% to settle at 17.07 and Match Group Inc (NASDAQ:MTCH) which was down 6.70% to 70.20 at the close.

The top performers on the NASDAQ Composite were Kaspien Holdings Inc (NASDAQ:KSPN) which rose 169.96% to 6.81, Pliant Therapeutics Inc (NASDAQ:PLRX) which was up 159.01% to settle at 23.00 and La Jolla Pharmaceutical Co (NASDAQ:LJPC) which gained 81.12% to close at 6.14.

The worst performers were Swvl Holdings Corp (NASDAQ:SWVL) which was down 24.12% to 5.16 in late trade, TherapeuticsMD Inc (NASDAQ:TXMD) which lost 19.73% to settle at 7.61 and Freeline Therapeutics Holdings Plc (NASDAQ:FRLN) which was down 18.92% to 0.90 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2206 to 875 and 107 ended unchanged; on the Nasdaq Stock Exchange, 2895 fell and 975 advanced, while 148 ended unchanged.

Shares in La Jolla Pharmaceutical Co (NASDAQ:LJPC) rose to 52-week highs; gaining 81.12% or 2.75 to 6.14.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 6.21% to 26.17.

Gold Futures for August delivery was down 0.62% or 10.85 to $1,731.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 1.18% or 1.24 to hit $103.55 a barrel, while the September Brent oil contract fell 0.43% or 0.46 to trade at $106.56 a barrel.

EUR/USD was down 1.36% to 1.00, while USD/JPY rose 1.00% to 137.43.

The US Dollar Index Futures was up 1.09% at 107.99.